32, OAKWOOD DRIVE, RAVENSHEAD, NOTTINGHAM, NG15 9DP - £272,500

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

32 OAKWOOD DRIVE is a large extended detached house of 143m², built sometime between 1967 and 1975, which could now be worth an estimated £441,371. It was last sold for £272,500 in June 2016, which was around 18% above the average June 2016 detached price in the Gedling local authority area. The most recent EPC inspection was December 2015, where the current energy rating was D, and the potential energy rating was B.

32 OAKWOOD DRIVE Sold Prices

Land registry data shows two sales for 32 OAKWOOD DRIVE 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. One of the two 32 OAKWOOD DRIVE sales was for above the average price, whilst the other was 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
2016 3 JUN	£272,500	£231,179	18% above HPI
2000 15 SEP	£95,000	£100,483	5% below HPI

32 OAKWOOD DRIVE 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 32 OAKWOOD DRIVE sales from September 2000 and June 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 September 2000 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2016 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might 32 OAKWOOD DRIVE be worth now?

32 OAKWOOD DRIVE might now be worth an estimated £441,371.

This is based on house price inflation of 62%, between June 2016 and December 2024, 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 62% inflationary increase is applied to the most recent sale price for 32 OAKWOOD DRIVE of £272,500 on 3rd June 2016. For the value to have increased from £272,500 to £441,371 over the seven years and six months to December 2024, the following assumptions must hold true:

• The value of 32 OAKWOOD DRIVE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The June 2016 sale price of £272,500 represented a fair market value for the property.
• The size, condition, and specification of 32 OAKWOOD DRIVE has not materially changed since June 2016.

How Large is 32 OAKWOOD DRIVE?

32 OAKWOOD DRIVE is 143m², which includes one extension, according to the EPC inspection conducted in December 2015. This puts it in the largest 40% 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 32 OAKWOOD DRIVE lies on this distribution: 62% of detached houses houses are smaller than 32 OAKWOOD DRIVE, and 38% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

32 OAKWOOD DRIVE: Plot and Title Map

32 OAKWOOD DRIVE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 32 OAKWOOD DRIVE, 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 32 OAKWOOD DRIVE). 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 32 OAKWOOD DRIVE?

32 OAKWOOD DRIVE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 32 on OAKWOOD DRIVE.