8, LONAN CLOSE, FOREST TOWN, MANSFIELD, NG19 0PS - £150,000

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.

8 LONAN CLOSE is a very small detached house of 54m², built sometime between 1996 and 2002, which could now be worth an estimated £204,489. It was last sold for £150,000 in April 2019, which was around 23% below the average April 2019 detached price in the Mansfield local authority area. The most recent EPC inspection was November 2018, where the current energy rating was C, and the potential energy rating was B.

8 LONAN CLOSE Sold Prices

Land registry data shows four sales for 8 LONAN 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 Mansfield local authority area for the corresponding sale date. All of the four 8 LONAN 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
2019 16 APR	£150,000	£195,461	23% below HPI
2012 2 AUG	£108,000	£145,168	26% below HPI
2004 11 NOV	£115,000	£149,298	23% below HPI
1998 20 FEB	£44,000	£59,175	26% below HPI

8 LONAN 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 four 8 LONAN CLOSE sales between February 1998 and April 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 August 2012 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 8 LONAN CLOSE be worth now?

8 LONAN CLOSE might now be worth an estimated £204,489.

This is based on house price inflation of 36.3%, between April 2019 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 36.3% inflationary increase is applied to the most recent sale price for 8 LONAN CLOSE of £150,000 on 16th April 2019. For the value to have increased from £150,000 to £204,489 over the six years and two months to February 2025, the following assumptions must hold true:

• The value of 8 LONAN CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The April 2019 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 8 LONAN CLOSE has not materially changed since April 2019.

How Large is 8 LONAN CLOSE?

8 LONAN CLOSE is 54m² according to the EPC inspection conducted in November 2018. 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 8 LONAN CLOSE lies on this distribution: 4% of detached houses houses are smaller than 8 LONAN CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

8 LONAN CLOSE: Plot and Title Map

8 LONAN CLOSE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 8 LONAN 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 8 LONAN 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 8 LONAN CLOSE?

8 LONAN CLOSE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 8 on LONAN CLOSE.