BROOMBANK, NEW MILL LANE, FOREST TOWN, MANSFIELD, NG19 0HH - £270,000

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.

BROOMBANK is a very large extended detached house of 145m², built sometime between 1967 and 1975, which could now be worth an estimated £365,754. It was last sold for £270,000 in September 2018, which was around 37% above the average September 2018 detached price in the Mansfield local authority area. The most recent EPC inspection was April 2017, where the current energy rating was F, and the potential energy rating was C.

BROOMBANK Sold Prices

Land registry data shows two sales for BROOMBANK 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 BROOMBANK sales were 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
2018 28 SEP	£270,000	£196,704	37% above HPI
2002 30 AUG	£169,950	£89,376	90% above HPI

BROOMBANK 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 BROOMBANK sales from August 2002 and September 2018 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 2002 sale was for 90% above the HPI. So the extrapolation line tracks at 90% above the HPI over time, until the September 2018 sale, where it falls to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might BROOMBANK be worth now?

BROOMBANK might now be worth an estimated £365,754.

This is based on house price inflation of 35.5%, between September 2018 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 35.5% inflationary increase is applied to the most recent sale price for BROOMBANK of £270,000 on 28th September 2018. For the value to have increased from £270,000 to £365,754 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of BROOMBANK has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The September 2018 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of BROOMBANK has not materially changed since September 2018.

How Large is BROOMBANK?

BROOMBANK is 145m², which includes three extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 20% 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 BROOMBANK lies on this distribution: 89% of detached houses houses are smaller than BROOMBANK, and 11% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

BROOMBANK: Plot and Title Map

BROOMBANK sits on a plot of roughly 0.345 of an acre, or 1,396m². The below map shows the location of BROOMBANK, 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 BROOMBANK). 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 BROOMBANK?

BROOMBANK is located on NEW MILL LANE in FOREST TOWN, in the NG19 postcode district. The below map shows the position of BROOMBANK on NEW MILL LANE.