3, FERN CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9DL - £305,000

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

3 FERN CLOSE is a very small extended detached house of 81m², built sometime between 1991 and 1995. It was last sold for £305,000 in August 2012, which was around 61% above the average August 2012 detached price in the Gedling local authority area. The most recent EPC inspection was March 2012, where the current energy rating was C, and the potential energy rating was C.

3 FERN CLOSE Sold Prices

Land registry data shows three sales for 3 FERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the three 3 FERN CLOSE 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
2012 24 AUG	£305,000	£189,368	61% above HPI
2000 12 APR	£162,500	£92,567	76% above HPI
1996 21 JUN	£135,000	£70,346	92% above HPI

3 FERN 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 three 3 FERN CLOSE sales between June 1996 and August 2012 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 April 2000 sale was for 76% above the HPI. So the extrapolation line tracks at 76% above the HPI over time, until the August 2012 sale, where it falls to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is 3 FERN CLOSE?

3 FERN CLOSE is 81m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 3 FERN CLOSE lies on this distribution: 13% of detached houses are smaller than 3 FERN CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

3 FERN CLOSE: Plot and Title Map

3 FERN CLOSE sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 3 FERN 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 FERN 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 FERN CLOSE?

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