55, SCHOOL LANE, RIPLEY, DE5 3GT - £185,000

55 SCHOOL LANE is a very small detached house of 74m², built sometime between 1996 and 2002. It was last sold for £185,000 in October 2020, which was around 32% below the average October 2020 detached price in the Amber Valley local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

55 SCHOOL LANE Sold Prices

Land registry data shows six sales for 55 SCHOOL LANE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the Amber Valley local authority area for the corresponding sale date. All of the six 55 SCHOOL LANE 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
2020 29 OCT	£185,000	£271,214	32% below HPI
2017 15 SEP	£176,000	£235,589	25% below HPI
2005 4 NOV	£133,000	£180,789	26% below HPI
2002 9 AUG	£91,000	£115,299	21% below HPI
2000 7 JAN	£58,500	£78,604	26% below HPI
1998 19 JUN	£59,500	£67,177	11% below HPI

55 SCHOOL LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Amber Valley local authority area over time, sourced from the HPI. The six 55 SCHOOL LANE sales between June 1998 and October 2020 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 2017 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2020 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 55 SCHOOL LANE?

55 SCHOOL LANE is 74m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 20% of detached houses in Ripley, based on EPC data. The below chart shows the distribution of detached houses by size in Ripley, and where 55 SCHOOL LANE lies on this distribution: 18% of detached houses are smaller than 55 SCHOOL LANE, and 81% of houses are larger. Note that EPC data is not available for all properties in Ripley.

55 SCHOOL LANE: Plot and Title Map

55 SCHOOL LANE sits on a plot of roughly 0.042 of an acre, or 168m². The below map shows the location of 55 SCHOOL 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 55 SCHOOL 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 55 SCHOOL LANE?

55 SCHOOL LANE is located in RIPLEY, in the DE5 postcode district. The below map shows the position of No. 55 on SCHOOL LANE.