MANDALAY, ROSEDALE LANE, RAVENSHEAD, NOTTINGHAM, NG15 9GU - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

MANDALAY is a midsized detached house of 118m², built sometime between 1950 and 1966. It was last sold for £325,000 in May 2014, which was around 65% above the average May 2014 detached price in the Gedling local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

MANDALAY Sold Prices

Land registry data shows two sales for MANDALAY 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 MANDALAY 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
2014 2 MAY	£325,000	£196,438	65% above HPI
2004 6 AUG	£210,000	£195,479	7% above HPI

MANDALAY 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 MANDALAY sales from August 2004 and May 2014 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 August 2004 sale was for 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the May 2014 sale, where it rises to 65% above the HPI. The line then continues to track at 65% above the HPI.

How Large is MANDALAY?

MANDALAY is 118m² according to the EPC inspection conducted in February 2013. This puts it in the smallest 50% of detached houses in Ravenshead, based on EPC data. The below chart shows the distribution of detached houses by size in Ravenshead, and where MANDALAY lies on this distribution: 41% of detached houses are smaller than MANDALAY, and 58% of houses are larger. Note that EPC data is not available for all properties in Ravenshead.

MANDALAY: Plot and Title Map

MANDALAY sits on a plot of roughly 0.258 of an acre, or 1,046m². The below map shows the location of MANDALAY, 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 MANDALAY). 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 MANDALAY?

MANDALAY is located on ROSEDALE LANE in RAVENSHEAD, in the NG15 postcode district. The below map shows the position of MANDALAY on ROSEDALE LANE.