5, HANOVER CLOSE, FOREST TOWN, MANSFIELD, NG19 0AF - £187,000

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

5 HANOVER CLOSE is a small detached house of 86m², which could now be worth an estimated £264,449. It was last sold for £187,000 in May 2018, which was around 1% below the average May 2018 detached price in the Mansfield local authority area. The most recent EPC inspection was February 2018, where the current energy rating was C, and the potential energy rating was B.

5 HANOVER CLOSE Sold Prices

Land registry data shows two sales for 5 HANOVER 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 Mansfield local authority area for the corresponding sale date. One of the two 5 HANOVER CLOSE sales was for below the average price, whilst the other was 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
2018 17 MAY	£187,000	£188,425	1% below HPI
2011 10 JUN	£162,950	£149,317	9% above HPI

5 HANOVER 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 two 5 HANOVER CLOSE sales from June 2011 and May 2018 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 June 2011 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the May 2018 sale, where it falls to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might 5 HANOVER CLOSE be worth now?

5 HANOVER CLOSE might now be worth an estimated £264,449.

This is based on house price inflation of 41.4%, between May 2018 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 41.4% inflationary increase is applied to the most recent sale price for 5 HANOVER CLOSE of £187,000 on 17th May 2018. For the value to have increased from £187,000 to £264,449 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 5 HANOVER CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The May 2018 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 5 HANOVER CLOSE has not materially changed since May 2018.

How Large is 5 HANOVER CLOSE?

5 HANOVER CLOSE is 86m² according to the EPC inspection conducted in February 2018. This puts it in the smallest 40% 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 HANOVER CLOSE lies on this distribution: 37% of detached houses houses are smaller than 5 HANOVER CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

5 HANOVER CLOSE: Plot and Title Map

5 HANOVER CLOSE sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 5 HANOVER 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 HANOVER 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 HANOVER CLOSE?

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