12, PALACE GARDENS, CLIPSTONE VILLAGE, MANSFIELD, NG21 9FY - £218,000

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

12 PALACE GARDENS is a very small detached house of 87m², which could now be worth an estimated £221,903. It was last sold for £218,000 in March 2023, which was around 38% below the average March 2023 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was October 2015, where the current energy rating was B, and the potential energy rating was A.

12 PALACE GARDENS Sold Prices

Land registry data shows two sales for 12 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 12 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
2023 24 MAR	£218,000	£352,713	38% below HPI
2015 6 NOV	£169,995	£247,102	31% below HPI

12 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 12 PALACE GARDENS sales from November 2015 and March 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 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2023 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 12 PALACE GARDENS be worth now?

12 PALACE GARDENS might now be worth an estimated £221,903.

This is based on house price inflation of 1.8%, between March 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 1.8% inflationary increase is applied to the most recent sale price for 12 PALACE GARDENS of £218,000 on 24th March 2023. For the value to have increased from £218,000 to £221,903 over the three months to December 2024, the following assumptions must hold true:

• The value of 12 PALACE GARDENS has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2023 sale price of £218,000 represented a fair market value for the property.
• The size, condition, and specification of 12 PALACE GARDENS has not materially changed since March 2023.

How Large is 12 PALACE GARDENS?

12 PALACE GARDENS is 87m² according to the EPC inspection conducted in October 2015. This puts it in the smallest 10% 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 12 PALACE GARDENS lies on this distribution: 9% of detached houses houses are smaller than 12 PALACE GARDENS, and 90% of houses are larger. Note that EPC data is not available for all properties in Clipstone.

12 PALACE GARDENS: Plot and Title Map

12 PALACE GARDENS sits on a plot of roughly 9.4 acres, or 38,136m². The below map shows the location of 12 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 12 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 12 PALACE GARDENS?

12 PALACE GARDENS is located in CLIPSTONE VILLAGE, in the NG21 postcode district. The below map shows the position of No. 12 on PALACE GARDENS.