12, CROWN CLOSE, RAINWORTH, MANSFIELD, NG21 0FE - £187,000

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.

12 CROWN CLOSE is a small extended detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £233,154. It was last sold for £187,000 in July 2020, which was around 34% below the average July 2020 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2011, where the current energy rating was D, and the potential energy rating was C.

12 CROWN CLOSE Sold Prices

Land registry data shows three sales for 12 CROWN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Newark and Sherwood local authority area for the corresponding sale date. All of the three 12 CROWN 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
2020 17 JUL	£187,000	£282,314	34% below HPI
2011 8 AUG	£112,500	£215,122	48% below HPI
2002 17 MAY	£61,500	£119,967	49% below HPI

12 CROWN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Newark and Sherwood local authority area over time, sourced from the HPI. The three 12 CROWN CLOSE sales between May 2002 and July 2020 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 2011 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2020 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 12 CROWN CLOSE be worth now?

12 CROWN CLOSE might now be worth an estimated £233,154.

This is based on house price inflation of 24.7%, between July 2020 and February 2025, for detached houses, in the Newark and Sherwood local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24.7% inflationary increase is applied to the most recent sale price for 12 CROWN CLOSE of £187,000 on 17th July 2020. For the value to have increased from £187,000 to £233,154 over the five years and five months to February 2025, the following assumptions must hold true:

• The value of 12 CROWN CLOSE has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The July 2020 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of 12 CROWN CLOSE has not materially changed since July 2020.

How Large is 12 CROWN CLOSE?

12 CROWN CLOSE is 77m², which includes one extension, according to the EPC inspection conducted in February 2011. This puts it in the smallest 30% of detached houses houses in Rainworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Rainworth, and where 12 CROWN CLOSE lies on this distribution: 29% of detached houses houses are smaller than 12 CROWN CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

12 CROWN CLOSE: Plot and Title Map

12 CROWN CLOSE sits on a plot of roughly 0.052 of an acre, or 209m². The below map shows the location of 12 CROWN 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 12 CROWN 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 12 CROWN CLOSE?

12 CROWN CLOSE is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 12 on CROWN CLOSE.