3, CHERMSIDE CLOSE, RAVENSHEAD, NOTTINGHAM, NG15 9BY - £145,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 CHERMSIDE CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982, which could now be worth an estimated £280,150. It was last sold for £145,000 in June 2010, which was around 24% below the average June 2010 detached price in the Gedling local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

3 CHERMSIDE CLOSE Sold Prices

Land registry data shows one sale for 3 CHERMSIDE CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the Gedling local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2010 30 JUN	£145,000	£189,865	24% below HPI

What might 3 CHERMSIDE CLOSE be worth now?

3 CHERMSIDE CLOSE might now be worth an estimated £280,150.

This is based on house price inflation of 93.2%, between June 2010 and May 2026, for 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 93.2% inflationary increase is applied to the most recent sale price for 3 CHERMSIDE CLOSE of £145,000 on 30th June 2010. For the value to have increased from £145,000 to £280,150 over the sixteen years and one month to May 2026, the following assumptions must hold true:

• The value of 3 CHERMSIDE CLOSE has moved in line with the HPI for detached houses in the Gedling local authority area.
• The June 2010 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 3 CHERMSIDE CLOSE has not materially changed since June 2010.

How Large is 3 CHERMSIDE CLOSE?

3 CHERMSIDE CLOSE is 66m² according to the EPC inspection conducted in December 2008. 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 3 CHERMSIDE CLOSE lies on this distribution: 3% of detached houses are smaller than 3 CHERMSIDE CLOSE, and 97% of detached houses are larger. Note that EPC data is not available for all properties in Ravenshead.

3 CHERMSIDE CLOSE: Plot

3 CHERMSIDE CLOSE sits on a plot of roughly 0.106 of an acre, or 429m².

Where is 3 CHERMSIDE CLOSE?

3 CHERMSIDE CLOSE is located in RAVENSHEAD, in the NG15 postcode district.