2, LEY BANK, MANSFIELD, NG18 4LG - £230,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

2 LEY BANK is a very small detached house of 78m², which could now be worth an estimated £228,428. It was last sold for £230,000 in September 2022, which was around 14% below the average September 2022 detached price in the Mansfield local authority area. The most recent EPC inspection was November 2016, where the current energy rating was B, and the potential energy rating was A.

2 LEY BANK Sold Prices

Land registry data shows four sales for 2 LEY BANK 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 2 LEY BANK 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
2022 26 SEP	£230,000	£267,783	14% below HPI
2020 24 APR	£158,000	£201,959	22% below HPI
2020 10 JAN	£128,000	£201,374	36% below HPI
2017 26 JUL	£154,000	£185,084	17% below HPI

2 LEY BANK 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 2 LEY BANK sales between July 2017 and September 2022 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 April 2020 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2022 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 2 LEY BANK be worth now?

2 LEY BANK might now be worth an estimated £228,428.

This is based on house price deflation of 0.7%, between September 2022 and December 2024, for detached houses, in the Mansfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 2 LEY BANK of £230,000 on 26th September 2022. For the value to have decreased from £230,000 to £228,428 over the one year and nine months to December 2024, the following assumptions must hold true:

• The value of 2 LEY BANK has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The September 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 LEY BANK has not materially changed since September 2022.

How Large is 2 LEY BANK?

2 LEY BANK is 78m² according to the EPC inspection conducted in November 2016. This puts it in the smallest 20% of detached houses houses in Mansfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mansfield, and where 2 LEY BANK lies on this distribution: 15% of detached houses houses are smaller than 2 LEY BANK, and 84% of houses are larger. Note that EPC data is not available for all properties in Mansfield.

2 LEY BANK: Plot and Title Map

2 LEY BANK sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 2 LEY BANK, 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 2 LEY BANK). 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 2 LEY BANK?

2 LEY BANK is located in MANSFIELD, in the NG18 postcode district. The below map shows the position of No. 2 on LEY BANK.