3, CASTLETON CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9EY - £176,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

3 CASTLETON CLOSE is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £261,921. It was last sold for £176,500 in July 2017, which was around 30% below the average July 2017 detached price in the Gedling local authority area. The most recent EPC inspection was February 2010, where the current energy rating was D, and the potential energy rating was C.

3 CASTLETON CLOSE Sold Prices

Land registry data shows two sales for 3 CASTLETON 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 3 CASTLETON 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
2017 21 JUL	£176,500	£251,979	30% below HPI
2004 24 SEP	£128,000	£195,619	35% below HPI

3 CASTLETON 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 3 CASTLETON CLOSE sales from September 2004 and July 2017 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 2004 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the July 2017 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

What might 3 CASTLETON CLOSE be worth now?

3 CASTLETON CLOSE might now be worth an estimated £261,921.

This is based on house price inflation of 48.4%, between July 2017 and February 2025, for detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.4% inflationary increase is applied to the most recent sale price for 3 CASTLETON CLOSE of £176,500 on 21st July 2017. For the value to have increased from £176,500 to £261,921 over the eight years and five months to February 2025, the following assumptions must hold true:

• The value of 3 CASTLETON CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The July 2017 sale price of £176,500 represented a fair market value for the property.
• The size, condition, and specification of 3 CASTLETON CLOSE has not materially changed since July 2017.

How Large is 3 CASTLETON CLOSE?

3 CASTLETON CLOSE is 64m² according to the EPC inspection conducted in February 2010. This puts it in the smallest 10% of detached houses houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ravenshead, and where 3 CASTLETON CLOSE lies on this distribution: 2% of detached houses houses are smaller than 3 CASTLETON CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

3 CASTLETON CLOSE: Plot and Title Map

3 CASTLETON CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 3 CASTLETON 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 3 CASTLETON 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 3 CASTLETON CLOSE?

3 CASTLETON CLOSE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 3 on CASTLETON CLOSE.