7, STANLEY CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9GE - £157,000

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

7 STANLEY CLOSE is a very small detached house of 64m², built sometime between 1967 and 1975. It was last sold for £157,000 in January 2016, which was around 31% below the average January 2016 detached price in the Gedling local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

7 STANLEY CLOSE Sold Prices

Land registry data shows three sales for 7 STANLEY CLOSE 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 7 STANLEY 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
2016 22 JAN	£157,000	£228,817	31% below HPI
2007 11 DEC	£169,950	£211,008	19% below HPI
2004 27 FEB	£122,000	£178,377	32% below HPI

7 STANLEY 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 three 7 STANLEY CLOSE sales between February 2004 and January 2016 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 December 2007 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the January 2016 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 7 STANLEY CLOSE?

7 STANLEY CLOSE is 64m² according to the EPC inspection conducted in October 2014. 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 7 STANLEY CLOSE lies on this distribution: 2% of detached houses are smaller than 7 STANLEY CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

7 STANLEY CLOSE: Plot and Title Map

7 STANLEY CLOSE sits on a plot of roughly 0.053 of an acre, or 213m². The below map shows the location of 7 STANLEY 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 STANLEY 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 STANLEY CLOSE?

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