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Ravenshead House Prices Ravenshead House Prices

The average house price in Ravenshead is £233,100 using HM Land Registry data.

The average property price increased by £183,594 (59.51%) over the last 5 years and increased by £36,693 (8.06%) over the last 12 months.

Over the last year, there were 60 residential property sales – a decrease of 17 transactions (-28.33%) relative to the previous year. The majority of house sales (14) were in the £304,000 - £378,000 range. Then came properties in the £230,000 - £304,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 42 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,807 (-2%).

In April 2024, there were 14 new estate agency instructions, 6 agreed home sales and 15 property price reductions.

Postcodes Covered: NG15

5-Year Average Property Prices in Ravenshead

59.51%

Property prices in Ravenshead increased by 59.51% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Ravenshead Over the Last Year

8.06%

Property prices in Ravenshead increased by 8.06% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Ravenshead - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Ravenshead

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Ravenshead

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Ravenshead

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Ravenshead since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Ravenshead area since 1995.

Recent Property Sales in Ravenshead

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Silverwood Avenue, Ravenshead, Nottingham, Nottinghamshire, NG15 9BU£450,000£430,000-£20,00010 Jul 202312 Feb 2024217 Days
24 Haddon Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9EZ£399,995£380,000-£19,99519 Jan 202302 Feb 2024379 Days
75 Vernon Crescent, Ravenshead, Nottingham, Nottinghamshire, NG15 9BP£550,000£511,500-£38,50018 Aug 202326 Jan 2024161 Days
8 Chapel Fields, Ravenshead, Nottingham, Nottinghamshire, NG15 9DT£259,950£242,000-£17,95003 May 202319 Dec 2023230 Days
20 Haddon Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9EZ£295,000£275,000-£20,00019 Oct 202315 Dec 202357 Days
12 Birchwood Drive, Ravenshead, Nottingham, Nottinghamshire, NG15 9EE£290,000£285,000-£5,00003 Jun 202308 Dec 2023188 Days
3 Hutt Farm Court, Ravenshead, Nottingham, Nottinghamshire, NG15 9AW£130,000£123,500-£6,50017 Jan 202208 Dec 2023690 Days
11 Bretton Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9DB£300,000£285,000-£15,00004 Jun 202330 Nov 2023179 Days
90 Church Drive, Ravenshead, Nottingham, Nottinghamshire, NG15 9FF£360,000£340,000-£20,00016 Aug 202317 Nov 202393 Days
1 Winster Avenue, Ravenshead, Nottingham, Nottinghamshire, NG15 9DD£299,995£295,000-£4,99506 Jan 202331 Oct 2023298 Days
160 Nottingham Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9HL£1,950,000£1,950,000£0002 Sep 202325 Oct 202353 Days
1 Lea Close, Ravenshead, Nottingham, Nottinghamshire, NG15 9EH£400,000£385,000-£15,00017 May 202312 Oct 2023148 Days
37 Vernon Crescent, Ravenshead, Nottingham, Nottinghamshire, NG15 9BN£595,000£585,000-£10,00003 Feb 202303 Oct 2023242 Days
20 South View Gardens, Ravenshead, Nottingham, Nottinghamshire, NG15 9GB£460,000£460,000£0008 Apr 202326 Sep 2023171 Days
55 Vernon Crescent, Ravenshead, Nottingham, Nottinghamshire, NG15 9BP£325,000£300,000-£25,00005 Apr 202326 Sep 2023174 Days
6 Milton Drive, Ravenshead, Nottingham, Nottinghamshire, NG15 9BB£375,000£362,500-£12,50027 Jun 202325 Sep 202390 Days
3 Haddon Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9EZ£230,000£220,000-£10,00004 May 202322 Sep 2023141 Days
37 Main Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9GP£230,000£212,500-£17,50029 Mar 202314 Sep 2023169 Days
31 Milton Drive, Ravenshead, Nottingham, Nottinghamshire, NG15 9BE£360,000£340,000-£20,00006 Feb 202304 Sep 2023210 Days
2 Haddon Road, Ravenshead, Nottingham, Nottinghamshire, NG15 9EZ£285,000£285,000£0011 Apr 202301 Sep 2023143 Days

Most Expensive Streets in Ravenshead

PostcodeStreetAreaAverageNo. of Sales
NG15 9HLNottingham RoadRavenshead£1,146,6663
NG15 9HDKirkby RoadRavenshead£1,011,6663
NG15 9FBSheepwalk LaneRavenshead£661,9287
NG15 9ADLongdale LaneRavenshead£657,0836
NG15 9HJNottingham RoadRavenshead£642,5004
NG15 9FDSheepwalk LaneRavenshead£638,6119
NG15 9DHChapel LaneRavenshead£632,7779
NG15 9AERegina CrescentRavenshead£626,0007
NG15 9HNKighill LaneRavenshead£594,6169
NG15 9ABLongdale LaneRavenshead£509,0005

Least Expensive Streets in Ravenshead

PostcodeStreetAreaAverageNo. of Sales
NG15 9JPDunnock CloseRavenshead£148,8754
NG15 9GFWoodside GardensRavenshead£171,2005
NG15 9JRRosedale MewsRavenshead£191,3333
NG15 9JJSwallow CrescentRavenshead£200,8128
NG15 9JNSwallow CrescentRavenshead£213,53813
NG15 9FYWestbrook AvenueRavenshead£235,3313
NG15 9GPMain RoadRavenshead£237,5003
NG15 9GLByron CrescentRavenshead£250,0003
NG15 9DDWinster AvenueRavenshead£256,38512
NG15 9DTChapel FieldsRavenshead£261,0007

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