397, SPRING LANE, MAPPERLEY, NOTTINGHAM, NG3 5RR - £1,200,000

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

397 SPRING LANE is a very large extended detached house of 533m². It was last sold for £1,200,000 in December 2021, which was around 266% above the average December 2021 detached price in the Gedling local authority area. The most recent EPC inspection was August 2018, where the current energy rating was B, and the potential energy rating was B.

397 SPRING LANE Sold Prices

Land registry data shows four sales for 397 SPRING LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Most of the four 397 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 1 DEC	£1,200,000	£327,726	266% above HPI
2017 29 SEP	£385,000	£257,337	50% above HPI
2010 7 MAY	£260,000	£190,753	36% above HPI
1997 15 JUL	£70,500	£76,751	8% below HPI

397 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 four 397 SPRING LANE sales between July 1997 and December 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 2017 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the December 2021 sale, where it rises to 266% above the HPI. The line then continues to track at 266% above the HPI.

How Large is 397 SPRING LANE?

397 SPRING LANE is 533m², which includes two extensions, according to the EPC inspection conducted in August 2018. 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 397 SPRING LANE lies on this distribution: More than 99% of detached houses are smaller than 397 SPRING LANE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Arnold.

397 SPRING LANE: Plot and Title Map

397 SPRING LANE sits on a plot of roughly 0.279 of an acre, or 1,130m². The below map shows the location of 397 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 397 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 397 SPRING LANE?

397 SPRING LANE is located in MAPPERLEY, in the NG3 postcode district. The below map shows the position of No. 397 on SPRING LANE.