48, CHAPEL LANE, RAVENSHEAD, NOTTINGHAM, NG15 9DA - £460,000

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

48 CHAPEL LANE is a very large extended detached house of 197m², built sometime between 1967 and 1975. It was last sold for £460,000 in August 2014, which was around 126% above the average August 2014 detached price in the Gedling local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

48 CHAPEL LANE Sold Prices

Land registry data shows two sales for 48 CHAPEL LANE 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 48 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
2014 22 AUG	£460,000	£203,801	126% above HPI
2004 26 JUL	£280,000	£190,904	47% above HPI

48 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 two 48 CHAPEL LANE sales from July 2004 and August 2014 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 July 2004 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the August 2014 sale, where it rises to 126% above the HPI. The line then continues to track at 126% above the HPI.

How Large is 48 CHAPEL LANE?

48 CHAPEL LANE is 197m², which includes four extensions, according to the EPC inspection conducted in February 2012. This puts it in the largest 20% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 48 CHAPEL LANE lies on this distribution: 82% of detached houses are smaller than 48 CHAPEL LANE, and 18% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

48 CHAPEL LANE: Plot and Title Map

48 CHAPEL LANE sits on a plot of roughly 0.160 of an acre, or 649m². The below map shows the location of 48 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 48 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 48 CHAPEL LANE?

48 CHAPEL LANE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 48 on CHAPEL LANE.