5, GARWICK CLOSE, FOREST TOWN, MANSFIELD, NG19 0LU - £185,000

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.

5 GARWICK CLOSE is a very small detached house of 49m², built sometime between 1950 and 1966, which could now be worth an estimated £184,671. It was last sold for £185,000 in December 2022, which was around 31% below the average December 2022 detached price in the Mansfield local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

5 GARWICK CLOSE Sold Prices

Land registry data shows three sales for 5 GARWICK 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 Mansfield local authority area for the corresponding sale date. All of the three 5 GARWICK 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 9 DEC	£185,000	£266,939	31% below HPI
1999 26 NOV	£41,500	£63,003	34% below HPI
1997 1 AUG	£34,000	£56,101	39% below HPI

5 GARWICK CLOSE 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 5 GARWICK CLOSE sales between August 1997 and December 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 November 1999 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the December 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might 5 GARWICK CLOSE be worth now?

5 GARWICK CLOSE might now be worth an estimated £184,671.

This is based on house price deflation of 0.2%, between December 2022 and February 2025, for detached houses, in the Mansfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% deflationary decrease is applied to the most recent sale price for 5 GARWICK CLOSE of £185,000 on 9th December 2022. For the value to have decreased from £185,000 to £184,671 over the three years and ten months to February 2025, the following assumptions must hold true:

• The value of 5 GARWICK CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The December 2022 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 GARWICK CLOSE has not materially changed since December 2022.

How Large is 5 GARWICK CLOSE?

5 GARWICK CLOSE is 49m² according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses houses in Forest Town, based on EPC data. The below chart shows the distribution of detached houses houses by size in Forest Town, and where 5 GARWICK CLOSE lies on this distribution: 1% of detached houses houses are smaller than 5 GARWICK CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

5 GARWICK CLOSE: Plot and Title Map

5 GARWICK CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 5 GARWICK 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 5 GARWICK 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 5 GARWICK CLOSE?

5 GARWICK CLOSE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 5 on GARWICK CLOSE.