7, PEARL CLOSE, RAINWORTH, MANSFIELD, NG21 0GF - £245,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

7 PEARL CLOSE is a midsized detached house of 89m², built sometime between 1996 and 2002. It was last sold for £245,000 in July 2022, which was around 24% below the average July 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

7 PEARL CLOSE Sold Prices

Land registry data shows four sales for 7 PEARL 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 7 PEARL 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 7 JUL	£245,000	£324,114	24% below HPI
2019 22 MAR	£190,500	£259,979	27% below HPI
2004 24 SEP	£156,500	£192,064	19% below HPI
1996 27 SEP	£63,995	£76,835	17% below HPI

7 PEARL 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 7 PEARL CLOSE sales between September 1996 and July 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 March 2019 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2022 sale, where it rises to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is 7 PEARL CLOSE?

7 PEARL CLOSE is 89m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 50% of detached houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses by size in Rainworth, and where 7 PEARL CLOSE lies on this distribution: 49% of detached houses are smaller than 7 PEARL CLOSE, and 51% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

7 PEARL CLOSE: Plot and Title Map

7 PEARL CLOSE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of 7 PEARL 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 7 PEARL 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 7 PEARL CLOSE?

7 PEARL CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 7 on PEARL CLOSE.