4, CHERITON DRIVE, RAVENSHEAD, NOTTINGHAM, NG15 9DG - £165,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

4 CHERITON DRIVE is a small detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £348,268. It was last sold for £165,000 in November 2003, which was around 7% below the average November 2003 detached price in the Gedling local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was C.

4 CHERITON DRIVE Sold Prices

Land registry data shows two sales for 4 CHERITON DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Both of the two 4 CHERITON DRIVE sales were for below 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
2003 28 NOV	£165,000	£177,401	7% below HPI
1998 29 SEP	£75,000	£82,818	9% below HPI

4 CHERITON DRIVE 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 two 4 CHERITON DRIVE sales from September 1998 and November 2003 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 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the November 2003 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 4 CHERITON DRIVE be worth now?

4 CHERITON DRIVE might now be worth an estimated £348,268.

This is based on house price inflation of 111.1%, between November 2003 and December 2024, for 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 111.1% inflationary increase is applied to the most recent sale price for 4 CHERITON DRIVE of £165,000 on 28th November 2003. For the value to have increased from £165,000 to £348,268 over the twenty years and eleven months to December 2024, the following assumptions must hold true:

• The value of 4 CHERITON DRIVE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The November 2003 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CHERITON DRIVE has not materially changed since November 2003.

How Large is 4 CHERITON DRIVE?

4 CHERITON DRIVE is 110m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 40% of detached houses houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ravenshead, and where 4 CHERITON DRIVE lies on this distribution: 34% of detached houses houses are smaller than 4 CHERITON DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

4 CHERITON DRIVE: Plot and Title Map

4 CHERITON DRIVE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 4 CHERITON DRIVE, 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 4 CHERITON DRIVE). 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 4 CHERITON DRIVE?

4 CHERITON DRIVE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 4 on CHERITON DRIVE.