5, CASTLETON CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9EY - £175,000

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

5 CASTLETON CLOSE is a very small detached house of 50m², built sometime between 1967 and 1975. It was last sold for £175,000 in June 2021, which was around 44% below the average June 2021 detached price in the Gedling local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was B.

5 CASTLETON CLOSE Sold Prices

Land registry data shows two sales for 5 CASTLETON CLOSE 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 5 CASTLETON CLOSE sales were for below 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
2021 23 JUN	£175,000	£310,171	44% below HPI
1996 30 AUG	£49,950	£75,375	34% below HPI

5 CASTLETON CLOSE 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 5 CASTLETON CLOSE sales from August 1996 and June 2021 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 1996 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is 5 CASTLETON CLOSE?

5 CASTLETON CLOSE is 50m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 10% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 5 CASTLETON CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 5 CASTLETON CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

5 CASTLETON CLOSE: Plot and Title Map

5 CASTLETON CLOSE sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 5 CASTLETON CLOSE, 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 5 CASTLETON CLOSE). 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 5 CASTLETON CLOSE?

5 CASTLETON CLOSE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 5 on CASTLETON CLOSE.