1, PALACE GARDENS, CLIPSTONE VILLAGE, MANSFIELD, NG21 9FY - £232,305

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.

1 PALACE GARDENS is a large detached house of 125m², which could now be worth an estimated £275,807. It was last sold for £232,305 in October 2020, which was around 22% below the average October 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was August 2015, where the current energy rating was B, and the potential energy rating was A.

1 PALACE GARDENS Sold Prices

Land registry data shows two sales for 1 PALACE GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 1 PALACE GARDENS 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
2020 6 OCT	£232,305	£296,475	22% below HPI
2015 24 AUG	£219,995	£240,296	8% below HPI

1 PALACE GARDENS Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The two 1 PALACE GARDENS sales from August 2015 and October 2020 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 2015 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 1 PALACE GARDENS be worth now?

1 PALACE GARDENS might now be worth an estimated £275,807.

This is based on house price inflation of 18.7%, between October 2020 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.7% inflationary increase is applied to the most recent sale price for 1 PALACE GARDENS of £232,305 on 6th October 2020. For the value to have increased from £232,305 to £275,807 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 1 PALACE GARDENS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2020 sale price of £232,305 represented a fair market value for the property.
• The size, condition, and specification of 1 PALACE GARDENS has not materially changed since October 2020.

How Large is 1 PALACE GARDENS?

1 PALACE GARDENS is 125m² according to the EPC inspection conducted in August 2015. This puts it in the largest 40% of detached houses houses in Clipstone, based on EPC data. The below chart shows the distribution of detached houses houses by size in Clipstone, and where 1 PALACE GARDENS lies on this distribution: 64% of detached houses houses are smaller than 1 PALACE GARDENS, and 35% of houses are larger. Note that EPC data is not available for all properties in Clipstone.

1 PALACE GARDENS: Plot and Title Map

1 PALACE GARDENS sits on a plot of roughly 9.4 acres, or 38,136m². The below map shows the location of 1 PALACE GARDENS, 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 PALACE GARDENS). 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 PALACE GARDENS?

1 PALACE GARDENS is located in CLIPSTONE VILLAGE, in the NG21 postcode district. The below map shows the position of No. 1 on PALACE GARDENS.