1, PHILIP CLOSE, RAINWORTH, MANSFIELD, NG21 0GB - £238,000

1 PHILIP CLOSE is a very large extended detached house of 123m², built sometime between 1991 and 1995. It was last sold for £238,000 in July 2019, which was around 11% below the average July 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2019, where the current energy rating was D, and the potential energy rating was C.

1 PHILIP CLOSE Sold Prices

Land registry data shows three sales for 1 PHILIP 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. Two of the three 1 PHILIP CLOSE sales were for below the average price, whilst one was for above 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
2019 12 JUL	£238,000	£267,974	11% below HPI
2005 29 APR	£205,000	£198,859	3% above HPI
1999 12 AUG	£87,000	£87,863	1% below HPI

1 PHILIP 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 PHILIP CLOSE sales between August 1999 and July 2019 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 April 2005 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2019 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is 1 PHILIP CLOSE?

1 PHILIP CLOSE is 123m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the largest 20% of detached houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses by size in Rainworth, and where 1 PHILIP CLOSE lies on this distribution: 89% of detached houses are smaller than 1 PHILIP CLOSE, and 11% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

1 PHILIP CLOSE: Plot and Title Map

1 PHILIP CLOSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 1 PHILIP 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 PHILIP 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 PHILIP CLOSE?

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