19, RAYSMITH CLOSE, SOUTHWELL, NG25 0BG - £530,000

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.

19 RAYSMITH CLOSE is a large detached house of 140m², built sometime between 1996 and 2002, which could now be worth an estimated £605,028. It was last sold for £530,000 in September 2021, which was around 72% above the average September 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was C.

19 RAYSMITH CLOSE Sold Prices

Land registry data shows three sales for 19 RAYSMITH 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 19 RAYSMITH CLOSE sales were 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
2021 21 SEP	£530,000	£308,343	72% above HPI
2020 1 OCT	£450,000	£296,475	52% above HPI
2015 2 SEP	£395,000	£247,360	60% above HPI

19 RAYSMITH 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 19 RAYSMITH CLOSE sales between September 2015 and September 2021 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 October 2020 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the September 2021 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 19 RAYSMITH CLOSE be worth now?

19 RAYSMITH CLOSE might now be worth an estimated £605,028.

This is based on house price inflation of 14.2%, between September 2021 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 14.2% inflationary increase is applied to the most recent sale price for 19 RAYSMITH CLOSE of £530,000 on 21st September 2021. For the value to have increased from £530,000 to £605,028 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of 19 RAYSMITH CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The September 2021 sale price of £530,000 represented a fair market value for the property.
• The size, condition, and specification of 19 RAYSMITH CLOSE has not materially changed since September 2021.

How Large is 19 RAYSMITH CLOSE?

19 RAYSMITH CLOSE is 140m² according to the EPC inspection conducted in June 2015. This puts it in the largest 40% of detached houses houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Southwell, and where 19 RAYSMITH CLOSE lies on this distribution: 69% of detached houses houses are smaller than 19 RAYSMITH CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Southwell.

19 RAYSMITH CLOSE: Plot and Title Map

19 RAYSMITH CLOSE sits on a plot of roughly 0.183 of an acre, or 741m². The below map shows the location of 19 RAYSMITH 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 19 RAYSMITH 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 19 RAYSMITH CLOSE?

19 RAYSMITH CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 19 on RAYSMITH CLOSE.