7, PENNINE CLOSE, ARNOLD, NOTTINGHAM, NG5 9PT - £147,000

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 PENNINE CLOSE is a very small terraced house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £255,226. It was last sold for £147,000 in September 2014, which was around 45% above the average September 2014 terraced price in the Gedling local authority area. The most recent EPC inspection was June 2012, where the current energy rating was D, and the potential energy rating was B.

7 PENNINE CLOSE Sold Prices

Land registry data shows three sales for 7 PENNINE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. All of the three 7 PENNINE CLOSE sales were for above 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
2014 15 SEP	£147,000	£101,532	45% above HPI
2007 8 AUG	£148,000	£104,776	41% above HPI
1999 3 DEC	£60,000	£39,177	53% above HPI

7 PENNINE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Gedling local authority area over time, sourced from the HPI. The three 7 PENNINE CLOSE sales between December 1999 and September 2014 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 August 2007 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the September 2014 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

What might 7 PENNINE CLOSE be worth now?

7 PENNINE CLOSE might now be worth an estimated £255,226.

This is based on house price inflation of 73.6%, between September 2014 and July 2025, for terraced houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 73.6% inflationary increase is applied to the most recent sale price for 7 PENNINE CLOSE of £147,000 on 15th September 2014. For the value to have increased from £147,000 to £255,226 over the eleven years and two months to July 2025, the following assumptions must hold true:

• The value of 7 PENNINE CLOSE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The September 2014 sale price of £147,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PENNINE CLOSE has not materially changed since September 2014.

How Large is 7 PENNINE CLOSE?

7 PENNINE CLOSE is 72m² according to the EPC inspection conducted in June 2012. This puts it in the smallest 20% of terraced houses houses in Nottingham, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Nottingham, and where 7 PENNINE CLOSE lies on this distribution: 12% of terraced houses houses are smaller than 7 PENNINE CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

7 PENNINE CLOSE: Plot and Title Map

7 PENNINE CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 7 PENNINE 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 PENNINE 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 PENNINE CLOSE?

7 PENNINE CLOSE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 7 on PENNINE CLOSE.