7, FERN CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9DL - £120,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 FERN CLOSE is a very small semi-detached house of 50m², built sometime between 1967 and 1975, which could now be worth an estimated £215,291. It was last sold for £120,000 in September 2007, which was around 9% below the average September 2007 semi-detached price in the Gedling local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

7 FERN CLOSE Sold Prices

Land registry data shows three sales for 7 FERN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Gedling local authority area for the corresponding sale date. All of the three 7 FERN 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
2007 26 SEP	£120,000	£132,035	9% below HPI
2000 14 JUN	£45,000	£56,274	20% below HPI
1997 31 JAN	£41,995	£44,680	6% below HPI

7 FERN CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Gedling local authority area over time, sourced from the HPI. The three 7 FERN CLOSE sales between January 1997 and September 2007 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 June 2000 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the September 2007 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 7 FERN CLOSE be worth now?

7 FERN CLOSE might now be worth an estimated £215,291.

This is based on house price inflation of 79.4%, between September 2007 and February 2025, for semi-detached houses, in the Gedling local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 79.4% inflationary increase is applied to the most recent sale price for 7 FERN CLOSE of £120,000 on 26th September 2007. For the value to have increased from £120,000 to £215,291 over the eighteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 7 FERN CLOSE has moved in line with the HPI for semi-detached houses in the Gedling local authority area.
• The September 2007 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 7 FERN CLOSE has not materially changed since September 2007.

How Large is 7 FERN CLOSE?

7 FERN CLOSE is 50m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of semi-detached houses houses in Ravenshead, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ravenshead, and where 7 FERN CLOSE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than 7 FERN CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

7 FERN CLOSE: Plot and Title Map

7 FERN CLOSE sits on a plot of roughly 0.199 of an acre, or 805m². The below map shows the location of 7 FERN 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 7 FERN 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 7 FERN CLOSE?

7 FERN CLOSE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 7 on FERN CLOSE.