10, DERWENT CLOSE, RAINWORTH, MANSFIELD, NG21 0FN - £195,000

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

10 DERWENT CLOSE is a very small detached house of 66m², built sometime between 1983 and 1990, which could now be worth an estimated £201,433. It was last sold for £195,000 in November 2023, which was around 44% below the average November 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2023, where the current energy rating was C, and the potential energy rating was B.

10 DERWENT CLOSE Sold Prices

Land registry data shows four sales for 10 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 10 DERWENT 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
2023 8 NOV	£195,000	£347,562	44% below HPI
2006 6 NOV	£129,995	£218,163	40% below HPI
1996 18 OCT	£39,950	£76,938	48% below HPI
1996 29 MAY	£40,000	£75,569	47% below HPI

10 DERWENT 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 four 10 DERWENT CLOSE sales between May 1996 and November 2023 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 November 2006 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the November 2023 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 10 DERWENT CLOSE be worth now?

10 DERWENT CLOSE might now be worth an estimated £201,433.

This is based on house price inflation of 3.3%, between November 2023 and December 2024, 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 3.3% inflationary increase is applied to the most recent sale price for 10 DERWENT CLOSE of £195,000 on 8th November 2023. For the value to have increased from £195,000 to £201,433 over the eleven months to December 2024, the following assumptions must hold true:

• The value of 10 DERWENT CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2023 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of 10 DERWENT CLOSE has not materially changed since November 2023.

How Large is 10 DERWENT CLOSE?

10 DERWENT CLOSE is 66m² according to the EPC inspection conducted in February 2023. This puts it in the smallest 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 10 DERWENT CLOSE lies on this distribution: 17% of detached houses houses are smaller than 10 DERWENT CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

10 DERWENT CLOSE: Plot and Title Map

10 DERWENT CLOSE sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 10 DERWENT 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 10 DERWENT 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 10 DERWENT CLOSE?

10 DERWENT CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 10 on DERWENT CLOSE.