14, PHILIP CLOSE, RAINWORTH, MANSFIELD, NG21 0GB - £160,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

14 PHILIP CLOSE is a very large detached house of 144m², built sometime between 1996 and 2002. It was last sold for £160,000 in November 2012, which was around 23% below the average November 2012 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was E, and the potential energy rating was B.

14 PHILIP CLOSE Sold Prices

Land registry data shows two sales for 14 PHILIP 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 14 PHILIP 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
2012 2 NOV	£160,000	£207,818	23% below HPI
2003 5 MAY	£179,950	£155,031	16% above HPI

14 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 two 14 PHILIP CLOSE sales from May 2003 and November 2012 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 May 2003 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2012 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 14 PHILIP CLOSE?

14 PHILIP CLOSE is 144m² according to the EPC inspection conducted in June 2015. This puts it in the largest 10% of detached houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses by size in Rainworth, and where 14 PHILIP CLOSE lies on this distribution: 94% of detached houses are smaller than 14 PHILIP CLOSE, and 6% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

14 PHILIP CLOSE: Plot and Title Map

14 PHILIP CLOSE sits on a plot of roughly 0.089 of an acre, or 360m². The below map shows the location of 14 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 14 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 14 PHILIP CLOSE?

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