88, CHAPEL LANE, RAVENSHEAD, NOTTINGHAM, NG15 9DH - £790,000

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

88 CHAPEL LANE is a very large extended detached house of 270m², built sometime between 1976 and 1982. It was last sold for £790,000 in September 2021, which was around 153% above the average September 2021 detached price in the Gedling local authority area. The most recent EPC inspection was April 2021, where the current energy rating was C, and the potential energy rating was C.

88 CHAPEL LANE Sold Prices

Land registry data shows four sales for 88 CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. All of the four 88 CHAPEL LANE sales were for above 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 24 SEP	£790,000	£312,622	153% above HPI
2013 25 OCT	£475,000	£191,347	148% above HPI
2008 24 JUN	£435,000	£198,260	119% above HPI
1996 22 JUL	£136,000	£71,331	91% above HPI

88 CHAPEL LANE 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 four 88 CHAPEL LANE sales between July 1996 and September 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 October 2013 sale was for 148% above the HPI. So the extrapolation line tracks at 148% above the HPI over time, until the September 2021 sale, where it rises to 153% above the HPI. The line then continues to track at 153% above the HPI.

How Large is 88 CHAPEL LANE?

88 CHAPEL LANE is 270m², which includes three extensions, according to the EPC inspection conducted in April 2021. This puts it in the largest 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 88 CHAPEL LANE lies on this distribution: 93% of detached houses are smaller than 88 CHAPEL LANE, and 7% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

88 CHAPEL LANE: Plot and Title Map

88 CHAPEL LANE sits on a plot of roughly 0.289 of an acre, or 1,169m². The below map shows the location of 88 CHAPEL 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 88 CHAPEL 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 88 CHAPEL LANE?

88 CHAPEL LANE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 88 on CHAPEL LANE.