10, PEARL CLOSE, RAINWORTH, MANSFIELD, NG21 0GF - £335,000

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 PEARL CLOSE is a very large detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £344,122. It was last sold for £335,000 in October 2023, which was around 4% below the average October 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

10 PEARL CLOSE Sold Prices

Land registry data shows two sales for 10 PEARL CLOSE 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. One of the two 10 PEARL CLOSE sales was for below the average price, whilst the other 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
2023 13 OCT	£335,000	£349,511	4% below HPI
1998 23 APR	£102,450	£81,380	26% above HPI

10 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 two 10 PEARL CLOSE sales from April 1998 and October 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 April 1998 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the October 2023 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 10 PEARL CLOSE be worth now?

10 PEARL CLOSE might now be worth an estimated £344,122.

This is based on house price inflation of 2.7%, between October 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 2.7% inflationary increase is applied to the most recent sale price for 10 PEARL CLOSE of £335,000 on 13th October 2023. For the value to have increased from £335,000 to £344,122 over the ten months to December 2024, the following assumptions must hold true:

• The value of 10 PEARL CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2023 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 10 PEARL CLOSE has not materially changed since October 2023.

How Large is 10 PEARL CLOSE?

10 PEARL CLOSE is 127m² according to the EPC inspection conducted in March 2023. This puts it in the largest 10% 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 PEARL CLOSE lies on this distribution: 91% of detached houses houses are smaller than 10 PEARL CLOSE, and 9% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

10 PEARL CLOSE: Plot and Title Map

10 PEARL CLOSE sits on a plot of roughly 0.097 of an acre, or 391m². The below map shows the location of 10 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 10 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 10 PEARL CLOSE?

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