4, VERNON AVENUE, RAVENSHEAD, NOTTINGHAM, NG15 9BJ - £445,000

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 VERNON AVENUE is a very large extended detached house of 198m², built sometime between 1967 and 1975, which could now be worth an estimated £727,340. It was last sold for £445,000 in May 2016, which was around 94% above the average May 2016 detached price in the Gedling local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was C.

4 VERNON AVENUE Sold Prices

Land registry data shows two sales for 4 VERNON AVENUE 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 VERNON AVENUE 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
2016 13 MAY	£445,000	£229,091	94% above HPI
2002 12 MAR	£189,950	£129,010	47% above HPI

4 VERNON AVENUE 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 VERNON AVENUE sales from March 2002 and May 2016 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 March 2002 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the May 2016 sale, where it rises to 94% above the HPI. The line then continues to track at 94% above the HPI.

What might 4 VERNON AVENUE be worth now?

4 VERNON AVENUE might now be worth an estimated £727,340.

This is based on house price inflation of 63.4%, between May 2016 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 63.4% inflationary increase is applied to the most recent sale price for 4 VERNON AVENUE of £445,000 on 13th May 2016. For the value to have increased from £445,000 to £727,340 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 4 VERNON AVENUE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The May 2016 sale price of £445,000 represented a fair market value for the property.
• The size, condition, and specification of 4 VERNON AVENUE has not materially changed since May 2016.

How Large is 4 VERNON AVENUE?

4 VERNON AVENUE is 198m², which includes two extensions, according to the EPC inspection conducted in March 2016. This puts it in the largest 20% 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 VERNON AVENUE lies on this distribution: 82% of detached houses houses are smaller than 4 VERNON AVENUE, and 18% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

4 VERNON AVENUE: Plot and Title Map

4 VERNON AVENUE sits on a plot of roughly 0.198 of an acre, or 800m². The below map shows the location of 4 VERNON AVENUE, 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 VERNON AVENUE). 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 VERNON AVENUE?

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