42, CHAPEL LANE, RAVENSHEAD, NOTTINGHAM, NG15 9DA - £459,450

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

42 CHAPEL LANE is a small extended detached house of 114m², built sometime between 1967 and 1975, which could now be worth an estimated £491,878. It was last sold for £459,450 in July 2023, which was around 31% above the average July 2023 detached price in the Gedling local authority area. The most recent EPC inspection was February 2023, where the current energy rating was D, and the potential energy rating was B.

42 CHAPEL LANE Sold Prices

Land registry data shows four sales for 42 CHAPEL 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. All of the four 42 CHAPEL 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
2023 24 JUL	£459,450	£349,757	31% above HPI
2021 10 SEP	£345,000	£313,539	10% above HPI
2005 30 SEP	£265,000	£199,191	33% above HPI
1995 7 JUL	£99,950	£75,347	33% above HPI

42 CHAPEL 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 42 CHAPEL LANE sales between July 1995 and July 2023 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 2021 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2023 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 42 CHAPEL LANE be worth now?

42 CHAPEL LANE might now be worth an estimated £491,878.

This is based on house price inflation of 7.1%, between July 2023 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 7.1% inflationary increase is applied to the most recent sale price for 42 CHAPEL LANE of £459,450 on 24th July 2023. For the value to have increased from £459,450 to £491,878 over the seven months to December 2024, the following assumptions must hold true:

• The value of 42 CHAPEL LANE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The July 2023 sale price of £459,450 represented a fair market value for the property.
• The size, condition, and specification of 42 CHAPEL LANE has not materially changed since July 2023.

How Large is 42 CHAPEL LANE?

42 CHAPEL LANE is 114m², which includes two extensions, according to the EPC inspection conducted in February 2023. 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 42 CHAPEL LANE lies on this distribution: 38% of detached houses houses are smaller than 42 CHAPEL LANE, and 61% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

42 CHAPEL LANE: Plot and Title Map

42 CHAPEL LANE sits on a plot of roughly 0.145 of an acre, or 588m². The below map shows the location of 42 CHAPEL 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 42 CHAPEL 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 42 CHAPEL LANE?

42 CHAPEL LANE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 42 on CHAPEL LANE.