14, DERWENT CLOSE, RAINWORTH, MANSFIELD, NG21 0FN - £95,000

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.

14 DERWENT CLOSE is a very small semi-detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £149,021. It was last sold for £95,000 in March 2007, which was around 28% below the average March 2007 semi-detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was C.

14 DERWENT CLOSE Sold Prices

Land registry data shows three sales for 14 DERWENT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 14 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
2007 2 MAR	£95,000	£131,165	28% below HPI
2001 27 JUL	£40,000	£56,997	30% below HPI
1995 15 DEC	£34,500	£40,179	14% below HPI

14 DERWENT CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 14 DERWENT CLOSE sales between December 1995 and March 2007 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 July 2001 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the March 2007 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 14 DERWENT CLOSE be worth now?

14 DERWENT CLOSE might now be worth an estimated £149,021.

This is based on house price inflation of 56.9%, between March 2007 and February 2025, for semi-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 56.9% inflationary increase is applied to the most recent sale price for 14 DERWENT CLOSE of £95,000 on 2nd March 2007. For the value to have increased from £95,000 to £149,021 over the eighteen years and one month to February 2025, the following assumptions must hold true:

• The value of 14 DERWENT CLOSE has moved in line with the HPI for semi-detached houses in the Newark and Sherwood local authority area.
• The March 2007 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 14 DERWENT CLOSE has not materially changed since March 2007.

How Large is 14 DERWENT CLOSE?

14 DERWENT CLOSE is 65m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 20% of semi-detached houses houses in Rainworth, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Rainworth, and where 14 DERWENT CLOSE lies on this distribution: 15% of semi-detached houses houses are smaller than 14 DERWENT CLOSE, and 84% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

14 DERWENT CLOSE: Plot and Title Map

14 DERWENT CLOSE sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 14 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 14 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 14 DERWENT CLOSE?

14 DERWENT CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 14 on DERWENT CLOSE.