345, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £675,000

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

345 SPRING LANE is a midsized detached house of 115m², built sometime between 1996 and 2002. It was last sold for £675,000 in July 2023, which was around 94% above the average July 2023 detached price in the Gedling local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

345 SPRING LANE Sold Prices

Land registry data shows three sales for 345 SPRING LANE 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 345 SPRING LANE 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
2023 6 JUL	£675,000	£348,734	94% above HPI
2019 25 JUL	£330,000	£267,247	23% above HPI
1997 4 JUL	£128,000	£76,751	67% above HPI

345 SPRING LANE 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 345 SPRING LANE sales between July 1997 and July 2023 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 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the July 2023 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

How Large is 345 SPRING LANE?

345 SPRING LANE is 115m² according to the EPC inspection conducted in February 2019. This puts it in the largest 50% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 345 SPRING LANE lies on this distribution: 54% of detached houses are smaller than 345 SPRING LANE, and 45% of houses are larger. Note that EPC data is not available for all properties in Arnold.

345 SPRING LANE: Plot and Title Map

345 SPRING LANE sits on a plot of roughly 0.128 of an acre, or 518m². The below map shows the location of 345 SPRING LANE, 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 345 SPRING LANE). 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 345 SPRING LANE?

345 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 345 on SPRING LANE.