5, GILBERT CLOSE, NOTTINGHAM, NG5 5UR - £110,000

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.

5 GILBERT CLOSE is a small flat of 53m², built sometime from 2007 onwards, which could now be worth an estimated £103,141. It was last sold for £110,000 in February 2023, which was around 17% below the average February 2023 flat price in the City of Nottingham local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was C.

5 GILBERT CLOSE Sold Prices

Land registry data shows three sales for 5 GILBERT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the City of Nottingham local authority area for the corresponding sale date. One of the three 5 GILBERT CLOSE sales was for below the average price, whilst two 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
2023 1 FEB	£110,000	£132,812	17% below HPI
2005 8 JUL	£105,000	£91,093	15% above HPI
2004 26 MAR	£85,995	£81,108	6% above HPI

What might 5 GILBERT CLOSE be worth now?

5 GILBERT CLOSE might now be worth an estimated £103,141.

This is based on house price deflation of 6.2%, between February 2023 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 6.2% deflationary decrease is applied to the most recent sale price for 5 GILBERT CLOSE of £110,000 on 1st February 2023. For the value to have decreased from £110,000 to £103,141 over the two years and nine months to May 2026, the following assumptions must hold true:

• The value of 5 GILBERT CLOSE has moved in line with the HPI for flats in the City of Nottingham local authority area.
• The February 2023 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GILBERT CLOSE has not materially changed since February 2023.

How Large is 5 GILBERT CLOSE?

5 GILBERT CLOSE is 53m² according to the EPC inspection conducted in November 2014. This puts it in the smallest 40% of flats in Nottingham, based on EPC data. 36% of flats are smaller than 5 GILBERT CLOSE, and 62% of flats are larger. Note that EPC data is not available for all properties in Nottingham.

5 GILBERT CLOSE: Plot

5 GILBERT CLOSE sits on a plot of roughly 1.7 acres, or 6,946m².

Where is 5 GILBERT CLOSE?

5 GILBERT CLOSE is located in NOTTINGHAM, in the NG5 postcode district.