7, LION CLOSE, NOTTINGHAM, NG8 5ED - £105,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

7 LION CLOSE is a very small semi-detached house of 37m², built sometime between 1976 and 1982, which could now be worth an estimated £165,115. It was last sold for £105,000 in May 2017, which was around 23% below the average May 2017 semi-detached price in the City of Nottingham local authority area. The most recent EPC inspection was March 2017, where the current energy rating was D, and the potential energy rating was A.

7 LION CLOSE Sold Prices

Land registry data shows four sales for 7 LION CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the City of Nottingham local authority area for the corresponding sale date. All of the four 7 LION CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 18 MAY	£105,000	£135,991	23% below HPI
2005 22 JUL	£85,500	£113,284	25% below HPI
2004 18 JUN	£82,000	£104,041	21% below HPI
1999 2 JUL	£38,000	£44,436	14% below HPI

7 LION CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the City of Nottingham local authority area over time, sourced from the HPI. The four 7 LION CLOSE sales between July 1999 and May 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2017 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 7 LION CLOSE be worth now?

7 LION CLOSE might now be worth an estimated £165,115.

This is based on house price inflation of 57.3%, between May 2017 and May 2026, for semi-detached houses, in the City of Nottingham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 57.3% inflationary increase is applied to the most recent sale price for 7 LION CLOSE of £105,000 on 18th May 2017. For the value to have increased from £105,000 to £165,115 over the nine years to May 2026, the following assumptions must hold true:

• The value of 7 LION CLOSE has moved in line with the HPI for semi-detached houses in the City of Nottingham local authority area.
• The May 2017 sale price of £105,000 represented a fair market value for the property.
• The size, condition, and specification of 7 LION CLOSE has not materially changed since May 2017.

How Large is 7 LION CLOSE?

7 LION CLOSE is 37m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of semi-detached houses houses in Nottingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nottingham, and where 7 LION CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 7 LION CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 LION CLOSE: Plot and Title Map

7 LION CLOSE sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 7 LION CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 7 LION CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 7 LION CLOSE?

7 LION CLOSE is located in NOTTINGHAM, in the NG8 postcode district. The below map shows the position of No. 7 on LION CLOSE.