351, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £356,000

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

351 SPRING LANE is a small extended detached house of 100m², built sometime between 1996 and 2002. It was last sold for £356,000 in January 2021, which was around 17% above the average January 2021 detached price in the Gedling local authority area. The most recent EPC inspection was June 2020, where the current energy rating was D, and the potential energy rating was B.

351 SPRING LANE Sold Prices

Land registry data shows three sales for 351 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 351 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 22 JAN	£356,000	£303,962	17% above HPI
2006 28 SEP	£262,000	£203,655	29% above HPI
2002 20 DEC	£259,995	£161,625	61% above HPI

351 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 351 SPRING LANE sales between December 2002 and January 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 2006 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the January 2021 sale, where it falls to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is 351 SPRING LANE?

351 SPRING LANE is 100m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 40% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 351 SPRING LANE lies on this distribution: 37% of detached houses are smaller than 351 SPRING LANE, and 62% of houses are larger. Note that EPC data is not available for all properties in Arnold.

351 SPRING LANE: Plot and Title Map

351 SPRING LANE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 351 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 351 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 351 SPRING LANE?

351 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 351 on SPRING LANE.