3, PINE CLOSE, RAINWORTH, MANSFIELD, NG21 0DN - £215,000

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

3 PINE CLOSE is a large detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £271,095. It was last sold for £215,000 in November 2019, which was around 24% below the average November 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was B.

3 PINE CLOSE Sold Prices

Land registry data shows three sales for 3 PINE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 3 PINE 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
2019 15 NOV	£215,000	£284,738	24% below HPI
2004 5 NOV	£148,000	£208,702	29% below HPI
1995 23 JUN	£69,950	£73,951	5% below HPI

3 PINE 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 three 3 PINE CLOSE sales between June 1995 and November 2019 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 November 2004 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the November 2019 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

What might 3 PINE CLOSE be worth now?

3 PINE CLOSE might now be worth an estimated £271,095.

This is based on house price inflation of 26.1%, between November 2019 and December 2024, 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 26.1% inflationary increase is applied to the most recent sale price for 3 PINE CLOSE of £215,000 on 15th November 2019. For the value to have increased from £215,000 to £271,095 over the four years and eleven months to December 2024, the following assumptions must hold true:

• The value of 3 PINE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The November 2019 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 3 PINE CLOSE has not materially changed since November 2019.

How Large is 3 PINE CLOSE?

3 PINE CLOSE is 103m² according to the EPC inspection conducted in November 2018. 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 3 PINE CLOSE lies on this distribution: 66% of detached houses houses are smaller than 3 PINE CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

3 PINE CLOSE: Plot and Title Map

3 PINE CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 3 PINE 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 PINE 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 PINE CLOSE?

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