15, CHAPEL LANE, RAVENSHEAD, NOTTINGHAM, NG15 9DA - £340,000

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

15 CHAPEL LANE is a large extended detached house of 147m², built sometime between 1930 and 1949. It was last sold for £340,000 in March 2016, which was around 50% above the average March 2016 detached price in the Gedling local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

15 CHAPEL LANE Sold Prices

Land registry data shows two sales for 15 CHAPEL LANE 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 15 CHAPEL LANE 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 31 MAR	£340,000	£226,825	50% above HPI
2003 27 OCT	£265,000	£175,987	51% above HPI

15 CHAPEL LANE 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 15 CHAPEL LANE sales from October 2003 and March 2016 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 October 2003 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the March 2016 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 15 CHAPEL LANE?

15 CHAPEL LANE is 147m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the largest 40% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 15 CHAPEL LANE lies on this distribution: 64% of detached houses are smaller than 15 CHAPEL LANE, and 35% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

15 CHAPEL LANE: Plot and Title Map

15 CHAPEL LANE sits on a plot of roughly 0.173 of an acre, or 699m². The below map shows the location of 15 CHAPEL LANE, 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 15 CHAPEL LANE). 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 15 CHAPEL LANE?

15 CHAPEL LANE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 15 on CHAPEL LANE.