2, CHAPEL FIELDS, RAVENSHEAD, NOTTINGHAM, NG15 9DT - £300,000

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 CHAPEL FIELDS is a very small detached house of 76m², built sometime between 2003 and 2006. It was last sold for £300,000 in August 2022, which was around 15% below the average August 2022 detached price in the Gedling local authority area. The most recent EPC inspection was January 2014, where the current energy rating was C, and the potential energy rating was B.

2 CHAPEL FIELDS Sold Prices

Land registry data shows four sales for 2 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. Most of the four 2 CHAPEL FIELDS 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 26 AUG	£300,000	£352,361	15% below HPI
2019 1 JUL	£240,000	£267,247	10% below HPI
2014 20 MAR	£192,000	£199,268	4% below HPI
2008 25 APR	£234,950	£203,780	15% above HPI

2 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 2 CHAPEL FIELDS sales between April 2008 and August 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 July 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the August 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 2 CHAPEL FIELDS?

2 CHAPEL FIELDS is 76m² according to the EPC inspection conducted in January 2014. This puts it in the smallest 10% 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 CHAPEL FIELDS lies on this distribution: 9% of detached houses are smaller than 2 CHAPEL FIELDS, and 90% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

2 CHAPEL FIELDS: Plot and Title Map

2 CHAPEL FIELDS sits on a plot of roughly 0.087 of an acre, or 353m². The below map shows the location of 2 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 2 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 2 CHAPEL FIELDS?

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