1, OAKS CLOSE, RANSKILL, RETFORD, DN22 8PH - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 OAKS CLOSE is a very small detached house of 61m², built sometime between 1967 and 1975, which could now be worth an estimated £262,781. It was last sold for £240,000 in June 2024, which was around 16% below the average June 2024 detached price in the Bassetlaw local authority area. The most recent EPC inspection was November 2023, where the current energy rating was C, and the potential energy rating was B.

1 OAKS CLOSE Sold Prices

Land registry data shows three sales for 1 OAKS CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Bassetlaw local authority area for the corresponding sale date. All of the three 1 OAKS CLOSE 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
2024 28 JUN	£240,000	£285,607	16% below HPI
2007 11 SEP	£159,950	£202,928	21% below HPI
2006 8 NOV	£100,000	£191,268	48% below HPI

1 OAKS CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Bassetlaw local authority area over time, sourced from the HPI. The three 1 OAKS CLOSE sales between November 2006 and June 2024 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 September 2007 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 1 OAKS CLOSE be worth now?

1 OAKS CLOSE might now be worth an estimated £262,781.

This is based on house price inflation of 9.5%, between June 2024 and February 2025, for detached houses, in the Bassetlaw local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.5% inflationary increase is applied to the most recent sale price for 1 OAKS CLOSE of £240,000 on 28th June 2024. For the value to have increased from £240,000 to £262,781 over the one year and four months to February 2025, the following assumptions must hold true:

• The value of 1 OAKS CLOSE has moved in line with the HPI for detached houses in the Bassetlaw local authority area.
• The June 2024 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 1 OAKS CLOSE has not materially changed since June 2024.

How Large is 1 OAKS CLOSE?

1 OAKS CLOSE is 61m² according to the EPC inspection conducted in November 2023. This puts it in the smallest 10% of detached houses houses in Ranskill, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ranskill, and where 1 OAKS CLOSE lies on this distribution: 2% of detached houses houses are smaller than 1 OAKS CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Ranskill.

1 OAKS CLOSE: Plot and Title Map

1 OAKS CLOSE sits on a plot of roughly 0.106 of an acre, or 428m². The below map shows the location of 1 OAKS CLOSE, 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 1 OAKS CLOSE). 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 1 OAKS CLOSE?

1 OAKS CLOSE is located in RANSKILL, in the DN22 postcode district. The below map shows the position of No. 1 on OAKS CLOSE.