347, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £430,000

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

347 SPRING LANE is a very large detached house of 180m², built sometime between 1983 and 1990. It was last sold for £430,000 in March 2021, which was around 41% above the average March 2021 detached price in the Gedling local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

347 SPRING LANE Sold Prices

Land registry data shows three sales for 347 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 347 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
2021 15 MAR	£430,000	£304,185	41% above HPI
2016 29 SEP	£380,000	£234,964	62% above HPI
2002 2 AUG	£210,000	£141,343	49% above HPI

347 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 347 SPRING LANE sales between August 2002 and March 2021 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 2016 sale was for 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the March 2021 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 347 SPRING LANE?

347 SPRING LANE is 180m² according to the EPC inspection conducted in July 2014. This puts it in the largest 10% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 347 SPRING LANE lies on this distribution: 93% of detached houses are smaller than 347 SPRING LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Arnold.

347 SPRING LANE: Plot and Title Map

347 SPRING LANE sits on a plot of roughly 0.109 of an acre, or 443m². The below map shows the location of 347 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 347 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 347 SPRING LANE?

347 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 347 on SPRING LANE.