2, CAROLINE CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9FH - £320,000

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

2 CAROLINE CLOSE is a small extended detached house of 102m², built sometime between 1950 and 1966. It was last sold for £320,000 in June 2022, which was around 5% below the average June 2022 detached price in the Gedling local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was B.

2 CAROLINE CLOSE Sold Prices

Land registry data shows two sales for 2 CAROLINE CLOSE 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 2 CAROLINE CLOSE sales were for below 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
2022 10 JUN	£320,000	£337,125	5% below HPI
2012 27 SEP	£170,000	£188,929	10% below HPI

2 CAROLINE CLOSE 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 2 CAROLINE CLOSE sales from September 2012 and June 2022 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 2012 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the June 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is 2 CAROLINE CLOSE?

2 CAROLINE CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in October 2021. 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 2 CAROLINE CLOSE lies on this distribution: 28% of detached houses are smaller than 2 CAROLINE CLOSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

2 CAROLINE CLOSE: Plot and Title Map

2 CAROLINE CLOSE sits on a plot of roughly 0.123 of an acre, or 496m². The below map shows the location of 2 CAROLINE CLOSE, 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 2 CAROLINE CLOSE). 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 2 CAROLINE CLOSE?

2 CAROLINE CLOSE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 2 on CAROLINE CLOSE.