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

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

8 LONAN CLOSE is a very small detached house of 54m², built sometime between 1996 and 2002. It was last sold for £150,000 in April 2019, which was around 22% 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	£191,701	22% below HPI
2012 2 AUG	£108,000	£142,375	24% below HPI
2004 11 NOV	£115,000	£146,425	21% below HPI
1998 20 FEB	£44,000	£58,037	24% 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 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2019 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

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 in Forest Town, based on EPC data. The below chart shows the distribution of detached houses by size in Forest Town, and where 8 LONAN CLOSE lies on this distribution: 4% of detached houses are smaller than 8 LONAN CLOSE, and 95% 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.