15, PINE CLOSE, RAINWORTH, MANSFIELD, NG21 0DN - £161,000

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.

15 PINE CLOSE is a very large detached house of 117m², built sometime between 1991 and 1995, which could now be worth an estimated £283,354. It was last sold for £161,000 in July 2009, which was around 20% below the average July 2009 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was April 2009, where the current energy rating was D, and the potential energy rating was C.

15 PINE CLOSE Sold Prices

Land registry data shows three sales for 15 PINE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 15 PINE 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
2009 30 JUL	£161,000	£200,000	20% below HPI
2003 22 AUG	£142,000	£176,567	20% below HPI
1995 13 OCT	£71,950	£72,933	1% below HPI

15 PINE 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 three 15 PINE CLOSE sales between October 1995 and July 2009 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 August 2003 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2009 sale, which was also at 20% below the HPI.

What might 15 PINE CLOSE be worth now?

15 PINE CLOSE might now be worth an estimated £283,354.

This is based on house price inflation of 76%, between July 2009 and February 2025, 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 76% inflationary increase is applied to the most recent sale price for 15 PINE CLOSE of £161,000 on 30th July 2009. For the value to have increased from £161,000 to £283,354 over the sixteen years and five months to February 2025, the following assumptions must hold true:

• The value of 15 PINE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2009 sale price of £161,000 represented a fair market value for the property.
• The size, condition, and specification of 15 PINE CLOSE has not materially changed since July 2009.

How Large is 15 PINE CLOSE?

15 PINE CLOSE is 117m² according to the EPC inspection conducted in April 2009. This puts it in the largest 20% 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 15 PINE CLOSE lies on this distribution: 85% of detached houses houses are smaller than 15 PINE CLOSE, and 15% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

15 PINE CLOSE: Plot and Title Map

15 PINE CLOSE sits on a plot of roughly 0.086 of an acre, or 347m². The below map shows the location of 15 PINE 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 PINE 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 PINE CLOSE?

15 PINE CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 15 on PINE CLOSE.