383, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £250,000

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.

383 SPRING LANE is a very small extended semi-detached house of 80m², built sometime between 1930 and 1949, which could now be worth an estimated £352,402. It was last sold for £250,000 in October 2018, which was around 49% above the average October 2018 semi-detached price in the Gedling local authority area. The most recent EPC inspection was August 2009, where the current energy rating was D, and the potential energy rating was C.

383 SPRING LANE Sold Prices

Land registry data shows five sales for 383 SPRING LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the Gedling local authority area for the corresponding sale date. Most of the five 383 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
2018 12 OCT	£250,000	£168,049	49% above HPI
2014 26 FEB	£178,000	£124,661	43% above HPI
2011 20 MAY	£165,000	£114,448	44% above HPI
2006 14 AUG	£140,000	£128,012	9% above HPI
2006 24 MAY	£125,000	£128,533	3% below HPI

383 SPRING LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gedling local authority area over time, sourced from the HPI. The five 383 SPRING LANE sales between May 2006 and October 2018 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 February 2014 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the October 2018 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 383 SPRING LANE be worth now?

383 SPRING LANE might now be worth an estimated £352,402.

This is based on house price inflation of 41%, between October 2018 and February 2025, for semi-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 41% inflationary increase is applied to the most recent sale price for 383 SPRING LANE of £250,000 on 12th October 2018. For the value to have increased from £250,000 to £352,402 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 383 SPRING LANE has moved in line with the HPI for semi-detached houses in the Gedling local authority area.
• The October 2018 sale price of £250,000 represented a fair market value for the property.
• The size, condition, and specification of 383 SPRING LANE has not materially changed since October 2018.

How Large is 383 SPRING LANE?

383 SPRING LANE is 80m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the smallest 20% of semi-detached houses houses in Arnold, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Arnold, and where 383 SPRING LANE lies on this distribution: 16% of semi-detached houses houses are smaller than 383 SPRING LANE, and 84% of houses are larger. Note that EPC data is not available for all properties in Arnold.

383 SPRING LANE: Plot and Title Map

383 SPRING LANE sits on a plot of roughly 0.068 of an acre, or 276m². The below map shows the location of 383 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 383 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 383 SPRING LANE?

383 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 383 on SPRING LANE.