14, CHERITON DRIVE, RAVENSHEAD, NOTTINGHAM, NG15 9DG - £240,000

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

14 CHERITON DRIVE is a small detached house of 95m², built sometime between 1967 and 1975. It was last sold for £240,000 in February 2015, which was around 15% above the average February 2015 detached price in the Gedling local authority area. The most recent EPC inspection was December 2012, where the current energy rating was D, and the potential energy rating was B.

14 CHERITON DRIVE Sold Prices

Land registry data shows two sales for 14 CHERITON DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Both of the two 14 CHERITON DRIVE 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
2015 20 FEB	£240,000	£208,797	15% above HPI
1996 28 JUN	£72,000	£70,346	2% above HPI

14 CHERITON DRIVE 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 two 14 CHERITON DRIVE sales from June 1996 and February 2015 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 June 1996 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the February 2015 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

How Large is 14 CHERITON DRIVE?

14 CHERITON DRIVE is 95m² according to the EPC inspection conducted in December 2012. This puts it in the smallest 30% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 14 CHERITON DRIVE lies on this distribution: 22% of detached houses are smaller than 14 CHERITON DRIVE, and 78% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

14 CHERITON DRIVE: Plot and Title Map

14 CHERITON DRIVE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of 14 CHERITON DRIVE, 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 14 CHERITON DRIVE). 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 14 CHERITON DRIVE?

14 CHERITON DRIVE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 14 on CHERITON DRIVE.