40, SCHOOL LANE, RIPLEY, DE5 3GT - £300,000

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

40 SCHOOL LANE is a small extended detached house of 90m², built sometime between 1991 and 1995. It was last sold for £300,000 in January 2024, which was around 7% below the average January 2024 detached price in the Amber Valley local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

40 SCHOOL LANE Sold Prices

Land registry data shows four sales for 40 SCHOOL 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 Amber Valley local authority area for the corresponding sale date. Most of the four 40 SCHOOL 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
2024 5 JAN	£300,000	£321,525	7% below HPI
2012 15 AUG	£189,000	£185,675	2% above HPI
2006 3 APR	£190,000	£185,611	2% above HPI
2002 13 DEC	£130,000	£126,841	2% above HPI

40 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The four 40 SCHOOL LANE sales between December 2002 and January 2024 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 2012 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the January 2024 sale, where it falls to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 40 SCHOOL LANE?

40 SCHOOL LANE is 90m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the smallest 40% of detached houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses by size in Ripley, and where 40 SCHOOL LANE lies on this distribution: 38% of detached houses are smaller than 40 SCHOOL LANE, and 60% of houses are larger. Note that EPC data is not available for all properties in Ripley.

40 SCHOOL LANE: Plot and Title Map

40 SCHOOL LANE sits on a plot of roughly 0.059 of an acre, or 241m². The below map shows the location of 40 SCHOOL 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 40 SCHOOL 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 40 SCHOOL LANE?

40 SCHOOL LANE is located in RIPLEY, in the DE5 postcode district. The below map shows the position of No. 40 on SCHOOL LANE.