BACKWATER, FRIDAY LANE, GEDLING, NOTTINGHAM, NG4 3LB - £161,500

BACKWATER is a very small detached house of 67m², built sometime between 1950 and 1966. It was last sold for £161,500 in October 2011, which was around 15% below the average October 2011 detached price in the Gedling local authority area. The most recent EPC inspection was July 2010, where the current energy rating was F, and the potential energy rating was E.

BACKWATER Sold Prices

Land registry data shows three sales for BACKWATER since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Two of the three BACKWATER sales were for below the average price, whilst one was 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
2011 28 OCT	£161,500	£189,550	15% below HPI
1999 5 JUL	£89,500	£87,383	2% above HPI
1996 6 AUG	£67,000	£75,375	11% below HPI

BACKWATER Price Paid vs. HPI Average

The below graph shows the average detached house price in the Gedling local authority area over time, sourced from the HPI. The three BACKWATER sales between August 1996 and October 2011 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 1999 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the October 2011 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is BACKWATER?

BACKWATER is 67m² according to the EPC inspection conducted in July 2010. This puts it in the smallest 10% of detached houses in Carlton, based on EPC data. The below chart shows the distribution of detached houses by size in Carlton, and where BACKWATER lies on this distribution: 7% of detached houses are smaller than BACKWATER, and 92% of houses are larger. Note that EPC data is not available for all properties in Carlton.

BACKWATER: Plot and Title Map

BACKWATER sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of BACKWATER, 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 BACKWATER). 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 BACKWATER?

BACKWATER is located on FRIDAY LANE in GEDLING, in the NG4 postcode district. The below map shows the position of BACKWATER on FRIDAY LANE.