4, MONSELL DRIVE, REDHILL, NOTTINGHAM, NG5 8LY - £184,000

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

4 MONSELL DRIVE is a small extended detached house of 95m², built sometime between 1930 and 1949. It was last sold for £184,000 in June 2013, which was around 4% below the average June 2013 detached price in the Gedling local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

4 MONSELL DRIVE Sold Prices

Land registry data shows four sales for 4 MONSELL DRIVE 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 4 MONSELL 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
2013 20 JUN	£184,000	£191,927	4% below HPI
2003 28 AUG	£185,000	£175,291	6% above HPI
1997 15 AUG	£74,500	£79,013	6% below HPI
1997 23 MAY	£69,000	£78,182	12% below HPI

4 MONSELL 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 four 4 MONSELL DRIVE sales between May 1997 and June 2013 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 August 2003 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the June 2013 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 4 MONSELL DRIVE?

4 MONSELL DRIVE is 95m², which includes one extension, according to the EPC inspection conducted in April 2012. 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 4 MONSELL DRIVE lies on this distribution: 32% of detached houses are smaller than 4 MONSELL DRIVE, and 67% of houses are larger. Note that EPC data is not available for all properties in Arnold.

4 MONSELL DRIVE: Plot and Title Map

4 MONSELL DRIVE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 4 MONSELL 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 MONSELL 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 MONSELL DRIVE?

4 MONSELL DRIVE is located in REDHILL, in the NG5 postcode district. The below map shows the position of No. 4 on MONSELL DRIVE.