3, BRIAR CLOSE, RAINWORTH, MANSFIELD, NG21 0FY - £190,000

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.

3 BRIAR CLOSE is a small detached house of 71m², built sometime between 1983 and 1990, which could now be worth an estimated £192,216. It was last sold for £190,000 in October 2022, which was around 45% below the average October 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was C.

3 BRIAR CLOSE Sold Prices

Land registry data shows two sales for 3 BRIAR CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. Both of the two 3 BRIAR 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 14 OCT	£190,000	£347,935	45% below HPI
2018 1 MAY	£135,000	£267,466	50% below HPI

3 BRIAR 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 two 3 BRIAR CLOSE sales from May 2018 and October 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 May 2018 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the October 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 3 BRIAR CLOSE be worth now?

3 BRIAR CLOSE might now be worth an estimated £192,216.

This is based on house price inflation of 1.2%, between October 2022 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 1.2% inflationary increase is applied to the most recent sale price for 3 BRIAR CLOSE of £190,000 on 14th October 2022. For the value to have increased from £190,000 to £192,216 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 3 BRIAR CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The October 2022 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BRIAR CLOSE has not materially changed since October 2022.

How Large is 3 BRIAR CLOSE?

3 BRIAR CLOSE is 71m² according to the EPC inspection conducted in July 2020. 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 3 BRIAR CLOSE lies on this distribution: 22% of detached houses houses are smaller than 3 BRIAR CLOSE, and 78% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

3 BRIAR CLOSE: Plot and Title Map

3 BRIAR CLOSE sits on a plot of roughly 0.091 of an acre, or 368m². The below map shows the location of 3 BRIAR 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 3 BRIAR 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 3 BRIAR CLOSE?

3 BRIAR CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 3 on BRIAR CLOSE.