5, SAPPHIRE CLOSE, RAINWORTH, MANSFIELD, NG21 0GE - £199,950

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 SAPPHIRE CLOSE is a large extended detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £309,413. It was last sold for £199,950 in February 2008, which was around 12% below the average February 2008 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was June 2016, where the current energy rating was E, and the potential energy rating was B.

5 SAPPHIRE CLOSE Sold Prices

Land registry data shows three sales for 5 SAPPHIRE 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. Two of the three 5 SAPPHIRE CLOSE sales were for below the average price, whilst one 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
2008 15 FEB	£199,950	£227,466	12% below HPI
2000 4 MAY	£83,995	£93,650	10% below HPI
1995 8 SEP	£80,000	£77,236	4% above HPI

5 SAPPHIRE 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 5 SAPPHIRE CLOSE sales between September 1995 and February 2008 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 2000 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the February 2008 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 5 SAPPHIRE CLOSE be worth now?

5 SAPPHIRE CLOSE might now be worth an estimated £309,413.

This is based on house price inflation of 54.7%, between February 2008 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 54.7% inflationary increase is applied to the most recent sale price for 5 SAPPHIRE CLOSE of £199,950 on 15th February 2008. For the value to have increased from £199,950 to £309,413 over the seventeen years to February 2025, the following assumptions must hold true:

• The value of 5 SAPPHIRE CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The February 2008 sale price of £199,950 represented a fair market value for the property.
• The size, condition, and specification of 5 SAPPHIRE CLOSE has not materially changed since February 2008.

How Large is 5 SAPPHIRE CLOSE?

5 SAPPHIRE CLOSE is 102m², which includes one extension, according to the EPC inspection conducted in June 2016. 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 5 SAPPHIRE CLOSE lies on this distribution: 65% of detached houses houses are smaller than 5 SAPPHIRE CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

5 SAPPHIRE CLOSE: Plot and Title Map

5 SAPPHIRE CLOSE sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 5 SAPPHIRE 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 SAPPHIRE 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 SAPPHIRE CLOSE?

5 SAPPHIRE CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 5 on SAPPHIRE CLOSE.