21, THE CLOSE, RAINWORTH, MANSFIELD, NG21 0DF - £190,000

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

21 THE CLOSE is a small detached house of 72m², built sometime between 1976 and 1982, which could now be worth an estimated £204,467. It was last sold for £190,000 in May 2022, which was around 23% below the average May 2022 detached price in the Mansfield local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

21 THE CLOSE Sold Prices

Land registry data shows four sales for 21 THE 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 21 THE 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
2022 20 MAY	£190,000	£247,135	23% below HPI
2017 31 MAR	£132,500	£180,407	27% below HPI
2013 26 APR	£125,000	£144,608	14% below HPI
1999 21 JUL	£46,000	£64,186	28% below HPI

21 THE 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 21 THE CLOSE sales between July 1999 and May 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 March 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the May 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 21 THE CLOSE be worth now?

21 THE CLOSE might now be worth an estimated £204,467.

This is based on house price inflation of 7.6%, between May 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 7.6% inflationary increase is applied to the most recent sale price for 21 THE CLOSE of £190,000 on 20th May 2022. For the value to have increased from £190,000 to £204,467 over the one year and five months to December 2024, the following assumptions must hold true:

• The value of 21 THE CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The May 2022 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 21 THE CLOSE has not materially changed since May 2022.

How Large is 21 THE CLOSE?

21 THE CLOSE is 72m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 30% 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 21 THE CLOSE lies on this distribution: 22% of detached houses houses are smaller than 21 THE CLOSE, and 77% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

21 THE CLOSE: Plot and Title Map

21 THE CLOSE sits on a plot of roughly 0.071 of an acre, or 287m². The below map shows the location of 21 THE 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 21 THE 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 21 THE CLOSE?

21 THE CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 21 on THE CLOSE.