254, NEW MILL LANE, FOREST TOWN, MANSFIELD, NG19 0HH - £270,000

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

254 NEW MILL LANE is a very large detached house of 151m², built sometime between 1996 and 2002. It was last sold for £270,000 in October 2017, which was around 49% above the average October 2017 detached price in the Mansfield local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was B.

254 NEW MILL LANE Sold Prices

Land registry data shows three sales for 254 NEW MILL LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Mansfield local authority area for the corresponding sale date. All of the three 254 NEW MILL LANE 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
2017 17 OCT	£270,000	£181,474	49% above HPI
2001 20 APR	£87,500	£70,430	24% above HPI
1999 30 JUL	£74,950	£62,951	19% above HPI

254 NEW MILL LANE 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 three 254 NEW MILL LANE sales between July 1999 and October 2017 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 2001 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2017 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

How Large is 254 NEW MILL LANE?

254 NEW MILL LANE is 151m² according to the EPC inspection conducted in November 2022. This puts it in the largest 10% of detached houses in Forest Town, based on EPC data. The below chart shows the distribution of detached houses by size in Forest Town, and where 254 NEW MILL LANE lies on this distribution: 92% of detached houses are smaller than 254 NEW MILL LANE, and 8% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

254 NEW MILL LANE: Plot and Title Map

254 NEW MILL LANE sits on a plot of roughly 0.099 of an acre, or 402m². The below map shows the location of 254 NEW MILL LANE, 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 254 NEW MILL LANE). 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 254 NEW MILL LANE?

254 NEW MILL LANE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 254 on NEW MILL LANE.