48, SHEEPWALK LANE, RAVENSHEAD, NOTTINGHAM, NG15 9FB - £495,000

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 SHEEPWALK LANE is a very large extended detached house of 214m², built sometime between 2003 and 2006. It was last sold for £495,000 in November 2003, which was around 180% above the average November 2003 detached price in the Gedling local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

48 SHEEPWALK LANE Sold Prices

Land registry data shows two sales for 48 SHEEPWALK 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 SHEEPWALK 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
2003 14 NOV	£495,000	£176,882	180% above HPI
2002 29 JUL	£320,000	£140,533	128% above HPI

48 SHEEPWALK 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 SHEEPWALK LANE sales from July 2002 and November 2003 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 2002 sale was for 128% above the HPI. So the extrapolation line tracks at 128% above the HPI over time, until the November 2003 sale, where it rises to 180% above the HPI. The line then continues to track at 180% above the HPI.

How Large is 48 SHEEPWALK LANE?

48 SHEEPWALK LANE is 214m², which includes one extension, according to the EPC inspection conducted in March 2023. 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 SHEEPWALK LANE lies on this distribution: 86% of detached houses are smaller than 48 SHEEPWALK LANE, and 14% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

48 SHEEPWALK LANE: Plot and Title Map

48 SHEEPWALK LANE sits on a plot of roughly 0.406 of an acre, or 1,643m². The below map shows the location of 48 SHEEPWALK 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 SHEEPWALK 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 SHEEPWALK LANE?

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