16, LUCERNE CLOSE, NOTTINGHAM, NG11 7BB - £128,000

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.

16 LUCERNE CLOSE is a midsized flat of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £161,013. It was last sold for £128,000 in June 2018, which was around 29% above the average June 2018 flat price in the City of Nottingham local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was C.

16 LUCERNE CLOSE Sold Prices

Land registry data shows two sales for 16 LUCERNE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the City of Nottingham local authority area for the corresponding sale date. Both of the two 16 LUCERNE 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 1 JUN	£128,000	£98,998	29% above HPI
1998 1 JUN	£44,000	£33,162	33% above HPI

What might 16 LUCERNE CLOSE be worth now?

16 LUCERNE CLOSE might now be worth an estimated £161,013.

This is based on house price inflation of 25.8%, between June 2018 and May 2026, for flats, 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 25.8% inflationary increase is applied to the most recent sale price for 16 LUCERNE CLOSE of £128,000 on 1st June 2018. For the value to have increased from £128,000 to £161,013 over the eight years and one month to May 2026, the following assumptions must hold true:

• The value of 16 LUCERNE CLOSE has moved in line with the HPI for flats in the City of Nottingham local authority area.
• The June 2018 sale price of £128,000 represented a fair market value for the property.
• The size, condition, and specification of 16 LUCERNE CLOSE has not materially changed since June 2018.

How Large is 16 LUCERNE CLOSE?

16 LUCERNE CLOSE is 61m² according to the EPC inspection conducted in August 2017. This puts it in the largest 40% of flats in Wilford, based on EPC data. 57% of flats are smaller than 16 LUCERNE CLOSE, and 38% of flats are larger. Note that EPC data is not available for all properties in Wilford.

16 LUCERNE CLOSE: Plot

16 LUCERNE CLOSE sits on a plot of roughly 0.040 of an acre, or 160m².

Where is 16 LUCERNE CLOSE?

16 LUCERNE CLOSE is located in NOTTINGHAM, in the NG11 postcode district.