9, PENNINE CLOSE, ARNOLD, NOTTINGHAM, NG5 9PT - £264,000

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.

9 PENNINE CLOSE is a very small terraced house of 70m², built sometime between 1976 and 1982, which could now be worth an estimated £362,378. It was last sold for £264,000 in November 2018, which was around 106% above the average November 2018 terraced price in the Gedling local authority area. The most recent EPC inspection was November 2009, where the current energy rating was D, and the potential energy rating was C.

9 PENNINE CLOSE Sold Prices

Land registry data shows four sales for 9 PENNINE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Gedling local authority area for the corresponding sale date. All of the four 9 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
2018 2 NOV	£264,000	£128,426	106% above HPI
2015 30 JAN	£144,000	£101,394	42% above HPI
2006 28 APR	£139,000	£99,441	40% above HPI
2000 14 APR	£72,950	£40,037	82% above HPI

9 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 four 9 PENNINE CLOSE sales between April 2000 and November 2018 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 January 2015 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the November 2018 sale, where it rises to 106% above the HPI. The line then continues to track at 106% above the HPI.

What might 9 PENNINE CLOSE be worth now?

9 PENNINE CLOSE might now be worth an estimated £362,378.

This is based on house price inflation of 37.3%, between November 2018 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 37.3% inflationary increase is applied to the most recent sale price for 9 PENNINE CLOSE of £264,000 on 2nd November 2018. For the value to have increased from £264,000 to £362,378 over the seven years and four months to July 2025, the following assumptions must hold true:

• The value of 9 PENNINE CLOSE has moved in line with the HPI for terraced houses in the Gedling local authority area.
• The November 2018 sale price of £264,000 represented a fair market value for the property.
• The size, condition, and specification of 9 PENNINE CLOSE has not materially changed since November 2018.

How Large is 9 PENNINE CLOSE?

9 PENNINE CLOSE is 70m² according to the EPC inspection conducted in November 2009. 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 9 PENNINE CLOSE lies on this distribution: 10% of terraced houses houses are smaller than 9 PENNINE CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Nottingham.

9 PENNINE CLOSE: Plot and Title Map

9 PENNINE CLOSE sits on a plot of roughly 0.078 of an acre, or 317m². The below map shows the location of 9 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 9 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 9 PENNINE CLOSE?

9 PENNINE CLOSE is located in ARNOLD, in the NG5 postcode district. The below map shows the position of No. 9 on PENNINE CLOSE.