5, CHERITON DRIVE, RAVENSHEAD, NOTTINGHAM, NG15 9DG - £248,000

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 CHERITON DRIVE is a small extended detached house of 98m², built sometime between 1967 and 1975. It was last sold for £248,000 in May 2019, which was around 7% below the average May 2019 detached price in the Gedling local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

5 CHERITON DRIVE Sold Prices

Land registry data shows three sales for 5 CHERITON DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the three 5 CHERITON DRIVE 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
2019 31 MAY	£248,000	£267,501	7% below HPI
2004 3 MAR	£155,000	£177,730	13% below HPI
2000 20 JUL	£81,000	£97,780	17% below HPI

5 CHERITON DRIVE 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 three 5 CHERITON DRIVE sales between July 2000 and May 2019 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 March 2004 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2019 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 5 CHERITON DRIVE?

5 CHERITON DRIVE is 98m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 30% 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 CHERITON DRIVE lies on this distribution: 24% of detached houses are smaller than 5 CHERITON DRIVE, and 76% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

5 CHERITON DRIVE: Plot and Title Map

5 CHERITON DRIVE sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 5 CHERITON DRIVE, 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 CHERITON DRIVE). 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 CHERITON DRIVE?

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