8, LUCERNE CLOSE, NOTTINGHAM, NG11 7BB - £115,000

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.

8 LUCERNE CLOSE is a midsized flat of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £165,728. It was last sold for £115,000 in March 2016, which was around 33% above the average March 2016 flat price in the City of Nottingham local authority area. The most recent EPC inspection was November 2016, where the current energy rating was C, and the potential energy rating was C.

8 LUCERNE CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 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
2016 30 MAR	£115,000	£86,413	33% above HPI
1999 26 MAR	£47,950	£33,897	41% above HPI

What might 8 LUCERNE CLOSE be worth now?

8 LUCERNE CLOSE might now be worth an estimated £165,728.

This is based on house price inflation of 44.1%, between March 2016 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 44.1% inflationary increase is applied to the most recent sale price for 8 LUCERNE CLOSE of £115,000 on 30th March 2016. For the value to have increased from £115,000 to £165,728 over the nine years and ten months to May 2026, the following assumptions must hold true:

• The value of 8 LUCERNE CLOSE has moved in line with the HPI for flats in the City of Nottingham local authority area.
• The March 2016 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LUCERNE CLOSE has not materially changed since March 2016.

How Large is 8 LUCERNE CLOSE?

8 LUCERNE CLOSE is 61m² according to the EPC inspection conducted in November 2016. This puts it in the largest 40% of flats in Wilford, based on EPC data. 57% of flats are smaller than 8 LUCERNE CLOSE, and 38% of flats are larger. Note that EPC data is not available for all properties in Wilford.

8 LUCERNE CLOSE: Plot

8 LUCERNE CLOSE sits on a plot of roughly 0.040 of an acre, or 162m².

Where is 8 LUCERNE CLOSE?

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