3, RAYSMITH CLOSE, SOUTHWELL, NG25 0BG - £387,500

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

3 RAYSMITH CLOSE is a large extended detached house of 156m², built sometime between 1991 and 1995. It was last sold for £387,500 in May 2019, which was around 46% above the average May 2019 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was C.

3 RAYSMITH CLOSE Sold Prices

Land registry data shows four sales for 3 RAYSMITH CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the four 3 RAYSMITH CLOSE 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
2019 17 MAY	£387,500	£264,550	46% above HPI
2013 18 DEC	£368,000	£210,215	75% above HPI
2006 21 JUL	£240,000	£209,622	14% above HPI
2001 30 MAR	£160,000	£97,071	65% above HPI

3 RAYSMITH 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 four 3 RAYSMITH CLOSE sales between March 2001 and May 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 December 2013 sale was for 75% above the HPI. So the extrapolation line tracks at 75% above the HPI over time, until the May 2019 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is 3 RAYSMITH CLOSE?

3 RAYSMITH CLOSE is 156m², which includes one extension, according to the EPC inspection conducted in June 2013. This puts it in the largest 30% of detached houses in Southwell, based on EPC data. The below chart shows the distribution of detached houses by size in Southwell, and where 3 RAYSMITH CLOSE lies on this distribution: 80% of detached houses are smaller than 3 RAYSMITH CLOSE, and 20% of houses are larger. Note that EPC data is not available for all properties in Southwell.

3 RAYSMITH CLOSE: Plot and Title Map

3 RAYSMITH CLOSE sits on a plot of roughly 0.132 of an acre, or 535m². The below map shows the location of 3 RAYSMITH 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 RAYSMITH 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 RAYSMITH CLOSE?

3 RAYSMITH CLOSE is located in SOUTHWELL, in the NG25 postcode district. The below map shows the position of No. 3 on RAYSMITH CLOSE.