1, PEARL CLOSE, RAINWORTH, MANSFIELD, NG21 0GF - £171,500

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 PEARL CLOSE is a very large extended detached house of 123m², built sometime between 1991 and 1995, which could now be worth an estimated £268,345. It was last sold for £171,500 in May 2015, which was around 24% below the average May 2015 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was December 2013, where the current energy rating was D, and the potential energy rating was C.

1 PEARL CLOSE Sold Prices

Land registry data shows three sales for 1 PEARL 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 Newark and Sherwood local authority area for the corresponding sale date. The three 1 PEARL CLOSE sales were a mix of below the average price, and roughly equal to 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
2015 13 MAY	£171,500	£226,944	24% below HPI
1999 10 DEC	£87,500	£93,369	6% below HPI
1997 27 JUN	£81,000	£80,977	Close to HPI

1 PEARL CLOSE 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 three 1 PEARL CLOSE sales between June 1997 and May 2015 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 December 1999 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2015 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 1 PEARL CLOSE be worth now?

1 PEARL CLOSE might now be worth an estimated £268,345.

This is based on house price inflation of 56.5%, between May 2015 and March 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 56.5% inflationary increase is applied to the most recent sale price for 1 PEARL CLOSE of £171,500 on 13th May 2015. For the value to have increased from £171,500 to £268,345 over the ten years and two months to March 2025, the following assumptions must hold true:

• The value of 1 PEARL CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The May 2015 sale price of £171,500 represented a fair market value for the property.
• The size, condition, and specification of 1 PEARL CLOSE has not materially changed since May 2015.

How Large is 1 PEARL CLOSE?

1 PEARL CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in December 2013. This puts it in the largest 20% of detached houses houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rainworth, and where 1 PEARL CLOSE lies on this distribution: 89% of detached houses houses are smaller than 1 PEARL CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

1 PEARL CLOSE: Plot and Title Map

1 PEARL CLOSE sits on a plot of roughly 0.072 of an acre, or 290m². The below map shows the location of 1 PEARL 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 PEARL 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 PEARL CLOSE?

1 PEARL CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 1 on PEARL CLOSE.