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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

345 SPRING LANE is a midsized detached house of 115m², built sometime between 1996 and 2002, which could now be worth an estimated £721,650. It was last sold for £675,000 in July 2023, which was around 93% 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	£349,757	93% above HPI
2019 25 JUL	£330,000	£268,031	23% above HPI
1997 4 JUL	£128,000	£76,976	66% 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 93% above the HPI. The line then continues to track at 93% above the HPI.

What might 345 SPRING LANE be worth now?

345 SPRING LANE might now be worth an estimated £721,650.

This is based on house price inflation of 6.9%, between July 2023 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 6.9% inflationary increase is applied to the most recent sale price for 345 SPRING LANE of £675,000 on 6th July 2023. For the value to have increased from £675,000 to £721,650 over the two years and five months to February 2025, the following assumptions must hold true:

• The value of 345 SPRING LANE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The July 2023 sale price of £675,000 represented a fair market value for the property.
• The size, condition, and specification of 345 SPRING LANE has not materially changed since July 2023.

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 houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses houses by size in Arnold, and where 345 SPRING LANE lies on this distribution: 54% of detached houses 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.