12, CHAPEL FIELDS, RAVENSHEAD, NOTTINGHAM, NG15 9DT - £290,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

12 CHAPEL FIELDS is a very small extended detached house of 89m², built sometime between 2003 and 2006. It was last sold for £290,000 in October 2023, which was around 19% below the average October 2023 detached price in the Gedling local authority area. The most recent EPC inspection was September 2021, where the current energy rating was C, and the potential energy rating was B.

12 CHAPEL FIELDS Sold Prices

Land registry data shows four sales for 12 CHAPEL FIELDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. The four 12 CHAPEL FIELDS sales were a mix of below the average price, and roughly equal to 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 12 OCT	£290,000	£359,966	19% below HPI
2021 29 SEP	£285,000	£312,622	9% below HPI
2011 11 NOV	£185,000	£187,806	1% below HPI
2009 14 MAY	£175,000	£175,309	Close to HPI

12 CHAPEL FIELDS 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 four 12 CHAPEL FIELDS sales between May 2009 and October 2023 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 September 2021 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2023 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 12 CHAPEL FIELDS?

12 CHAPEL FIELDS is 89m², which includes one extension, according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 12 CHAPEL FIELDS lies on this distribution: 16% of detached houses are smaller than 12 CHAPEL FIELDS, and 83% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

12 CHAPEL FIELDS: Plot and Title Map

12 CHAPEL FIELDS sits on a plot of roughly 0.042 of an acre, or 172m². The below map shows the location of 12 CHAPEL FIELDS, 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 12 CHAPEL FIELDS). 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 12 CHAPEL FIELDS?

12 CHAPEL FIELDS is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 12 on CHAPEL FIELDS.