2, PEARL CLOSE, RAINWORTH, MANSFIELD, NG21 0GF - £313,000

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

2 PEARL CLOSE is a very large detached house of 158m², built sometime between 1996 and 2002. It was last sold for £313,000 in March 2021, which was around 8% above the average March 2021 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2024, where the current energy rating was C, and the potential energy rating was B.

2 PEARL CLOSE Sold Prices

Land registry data shows five sales for 2 PEARL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Most of the five 2 PEARL 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 19 MAR	£313,000	£289,565	8% above HPI
2013 7 JUN	£190,000	£210,087	10% below HPI
2004 12 FEB	£195,000	£177,367	10% above HPI
2001 7 SEP	£120,000	£110,705	8% above HPI
1999 17 DEC	£117,995	£89,690	32% above HPI

2 PEARL 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 five 2 PEARL CLOSE sales between December 1999 and March 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 June 2013 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2021 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is 2 PEARL CLOSE?

2 PEARL CLOSE is 158m² according to the EPC inspection conducted in February 2024. 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 2 PEARL CLOSE lies on this distribution: 96% of detached houses are smaller than 2 PEARL CLOSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

2 PEARL CLOSE: Plot and Title Map

2 PEARL CLOSE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of 2 PEARL 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 2 PEARL 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 2 PEARL CLOSE?

2 PEARL CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 2 on PEARL CLOSE.