9, CHESTNUT AVENUE, RAVENSHEAD, NOTTINGHAM, NG15 9DN - £230,000

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

9 CHESTNUT AVENUE is a very small extended detached house of 88m², built sometime between 1983 and 1990. It was last sold for £230,000 in August 2017, which was around 9% below the average August 2017 detached price in the Gedling local authority area. The most recent EPC inspection was July 2017, where the current energy rating was D, and the potential energy rating was B.

9 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 9 CHESTNUT AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Gedling local authority area for the corresponding sale date. Both of the two 9 CHESTNUT AVENUE 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
2017 29 AUG	£230,000	£252,731	9% below HPI
2006 28 APR	£195,000	£198,455	2% below HPI

9 CHESTNUT AVENUE 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 two 9 CHESTNUT AVENUE sales from April 2006 and August 2017 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 April 2006 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the August 2017 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is 9 CHESTNUT AVENUE?

9 CHESTNUT AVENUE is 88m², which includes one extension, according to the EPC inspection conducted in July 2017. This puts it in the smallest 20% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where 9 CHESTNUT AVENUE lies on this distribution: 15% of detached houses are smaller than 9 CHESTNUT AVENUE, and 85% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

9 CHESTNUT AVENUE: Plot and Title Map

9 CHESTNUT AVENUE sits on a plot of roughly 0.127 of an acre, or 516m². The below map shows the location of 9 CHESTNUT AVENUE, 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 9 CHESTNUT AVENUE). 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 9 CHESTNUT AVENUE?

9 CHESTNUT AVENUE is located in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of No. 9 on CHESTNUT AVENUE.