15, LONAN CLOSE, FOREST TOWN, MANSFIELD, NG19 0PS - £196,000

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

15 LONAN CLOSE is a very small detached house of 55m², built sometime between 1983 and 1990. It was last sold for £196,000 in June 2023, which was around 23% below the average June 2023 detached price in the Mansfield local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

15 LONAN CLOSE Sold Prices

Land registry data shows four sales for 15 LONAN 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 Mansfield local authority area for the corresponding sale date. All of the four 15 LONAN 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 12 JUN	£196,000	£255,877	23% below HPI
2004 4 JUN	£118,000	£130,167	9% below HPI
2001 19 APR	£59,000	£70,430	16% below HPI
1996 15 MAR	£42,950	£53,045	19% below HPI

15 LONAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mansfield local authority area over time, sourced from the HPI. The four 15 LONAN CLOSE sales between March 1996 and June 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 June 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2023 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 15 LONAN CLOSE?

15 LONAN CLOSE is 55m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Forest Town, based on EPC data. The below chart shows the distribution of detached houses by size in Forest Town, and where 15 LONAN CLOSE lies on this distribution: 6% of detached houses are smaller than 15 LONAN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

15 LONAN CLOSE: Plot and Title Map

15 LONAN CLOSE sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 15 LONAN 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 15 LONAN 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 15 LONAN CLOSE?

15 LONAN CLOSE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 15 on LONAN CLOSE.