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

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

23 PHILIP CLOSE is a midsized extended detached house of 97m², built sometime between 1991 and 1995. It was last sold for £192,500 in August 2014, which was around 14% 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	£225,122	14% below HPI
2011 21 MAR	£145,000	£197,179	26% below HPI
2008 3 APR	£156,000	£214,234	27% below HPI
2004 27 AUG	£152,000	£193,174	21% below HPI
1999 17 SEP	£64,500	£89,670	28% 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

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 50% of detached houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses by size in Rainworth, and where 23 PHILIP CLOSE lies on this distribution: 58% of detached houses are smaller than 23 PHILIP CLOSE, and 40% 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.