355, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £450,000

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

355 SPRING LANE is a very large extended detached house of 157m², built sometime between 2003 and 2006. It was last sold for £450,000 in September 2021, which was around 44% above the average September 2021 detached price in the Gedling local authority area. The most recent EPC inspection was June 2021, where the current energy rating was C, and the potential energy rating was B.

355 SPRING LANE Sold Prices

Land registry data shows three sales for 355 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 355 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 29 SEP	£450,000	£312,622	44% above HPI
2009 1 JUN	£310,000	£178,048	74% above HPI
2003 28 MAR	£319,995	£166,396	92% above HPI

355 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 355 SPRING LANE sales between March 2003 and September 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 June 2009 sale was for 74% above the HPI. So the extrapolation line tracks at 74% above the HPI over time, until the September 2021 sale, where it falls to 44% above the HPI. The line then continues to track at 44% above the HPI.

How Large is 355 SPRING LANE?

355 SPRING LANE is 157m², which includes one extension, according to the EPC inspection conducted in June 2021. This puts it in the largest 20% of detached houses in Arnold, based on EPC data. The below chart shows the distribution of detached houses by size in Arnold, and where 355 SPRING LANE lies on this distribution: 86% of detached houses are smaller than 355 SPRING LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Arnold.

355 SPRING LANE: Plot and Title Map

355 SPRING LANE sits on a plot of roughly 0.095 of an acre, or 385m². The below map shows the location of 355 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 355 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 355 SPRING LANE?

355 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 355 on SPRING LANE.