RICHMOND HOUSE, NEW MILL LANE, FOREST TOWN, MANSFIELD, NG19 0HH - £450,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

RICHMOND HOUSE is a very large extended detached house of 180m², built sometime between 1950 and 1966. It was last sold for £450,000 in March 2018, which was around 150% above the average March 2018 detached price in the Mansfield local authority area. The most recent EPC inspection was November 2017, where the current energy rating was C, and the potential energy rating was B.

RICHMOND HOUSE Sold Prices

Land registry data shows two sales for RICHMOND HOUSE 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 RICHMOND HOUSE 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 29 MAR	£450,000	£179,904	150% above HPI
2013 9 AUG	£250,000	£145,982	71% above HPI

RICHMOND HOUSE 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 RICHMOND HOUSE sales from August 2013 and March 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 2013 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the March 2018 sale, where it rises to 150% above the HPI. The line then continues to track at 150% above the HPI.

How Large is RICHMOND HOUSE?

RICHMOND HOUSE is 180m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the largest 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 RICHMOND HOUSE lies on this distribution: 97% of detached houses are smaller than RICHMOND HOUSE, and 3% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

RICHMOND HOUSE: Plot and Title Map

RICHMOND HOUSE sits on a plot of roughly 0.485 of an acre, or 1,962m². The below map shows the location of RICHMOND HOUSE, 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 RICHMOND HOUSE). 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 RICHMOND HOUSE?

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