8, PENZANCE PLACE, MANSFIELD, NG18 3ER - £225,000

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

8 PENZANCE PLACE is a very small detached house of 73m², built sometime between 1967 and 1975, which could now be worth an estimated £224,745. It was last sold for £225,000 in October 2024, which was around 15% below the average October 2024 detached price in the Mansfield local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

8 PENZANCE PLACE Sold Prices

Land registry data shows two sales for 8 PENZANCE PLACE 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. Both of the two 8 PENZANCE PLACE 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
2024 24 OCT	£225,000	£266,255	15% below HPI
2022 12 AUG	£245,000	£267,114	8% below HPI

8 PENZANCE PLACE 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 8 PENZANCE PLACE sales from August 2022 and October 2024 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 2022 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2024 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 PENZANCE PLACE be worth now?

8 PENZANCE PLACE might now be worth an estimated £224,745.

This is based on house price deflation of 0.1%, between October 2024 and December 2024, 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 0.1% deflationary decrease is applied to the most recent sale price for 8 PENZANCE PLACE of £225,000 on 24th October 2024. For the value to have decreased from £225,000 to £224,745 over the ten months to December 2024, the following assumptions must hold true:

• The value of 8 PENZANCE PLACE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The October 2024 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PENZANCE PLACE has not materially changed since October 2024.

How Large is 8 PENZANCE PLACE?

8 PENZANCE PLACE is 73m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 20% of detached houses houses in Mansfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mansfield, and where 8 PENZANCE PLACE lies on this distribution: 11% of detached houses houses are smaller than 8 PENZANCE PLACE, and 88% of houses are larger. Note that EPC data is not available for all properties in Mansfield.

8 PENZANCE PLACE: Plot and Title Map

8 PENZANCE PLACE sits on a plot of roughly 0.096 of an acre, or 390m². The below map shows the location of 8 PENZANCE PLACE, 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 PENZANCE PLACE). 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 PENZANCE PLACE?

8 PENZANCE PLACE is located in MANSFIELD, in the NG18 postcode district. The below map shows the position of No. 8 on PENZANCE PLACE.