23, PHILIP CLOSE, RAINWORTH, MANSFIELD, NG21 0GB - £192,500

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.

23 PHILIP CLOSE is a midsized extended detached house of 97m², built sometime between 1991 and 1995, which could now be worth an estimated £289,126. It was last sold for £192,500 in August 2014, which was around 18% below the average August 2014 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

23 PHILIP CLOSE Sold Prices

Land registry data shows five sales for 23 PHILIP 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. All of the five 23 PHILIP 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
2014 1 AUG	£192,500	£234,357	18% below HPI
2011 21 MAR	£145,000	£205,267	29% below HPI
2008 3 APR	£156,000	£223,022	30% below HPI
2004 27 AUG	£152,000	£201,098	24% below HPI
1999 17 SEP	£64,500	£93,348	31% below HPI

23 PHILIP 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 23 PHILIP CLOSE sales between September 1999 and August 2014 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 2011 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the August 2014 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might 23 PHILIP CLOSE be worth now?

23 PHILIP CLOSE might now be worth an estimated £289,126.

This is based on house price inflation of 50.2%, between August 2014 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 50.2% inflationary increase is applied to the most recent sale price for 23 PHILIP CLOSE of £192,500 on 1st August 2014. For the value to have increased from £192,500 to £289,126 over the eleven years and six months to February 2025, the following assumptions must hold true:

• The value of 23 PHILIP CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The August 2014 sale price of £192,500 represented a fair market value for the property.
• The size, condition, and specification of 23 PHILIP CLOSE has not materially changed since August 2014.

How Large is 23 PHILIP CLOSE?

23 PHILIP CLOSE is 97m², which includes one extension, according to the EPC inspection conducted in September 2014. This puts it in the largest 40% 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 23 PHILIP CLOSE lies on this distribution: 59% of detached houses houses are smaller than 23 PHILIP CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

23 PHILIP CLOSE: Plot and Title Map

23 PHILIP CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 23 PHILIP 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 23 PHILIP 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 23 PHILIP CLOSE?

23 PHILIP CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 23 on PHILIP CLOSE.