19, GREEN BANK, RAINWORTH, MANSFIELD, NG21 0FQ - £180,000

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.

19 GREEN BANK is a very small detached house of 58m², built sometime between 1976 and 1982, which could now be worth an estimated £193,550. It was last sold for £180,000 in March 2022, which was around 45% below the average March 2022 detached price in the Newark and Sherwood local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

19 GREEN BANK Sold Prices

Land registry data shows three sales for 19 GREEN BANK 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 19 GREEN BANK 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
2022 8 MAR	£180,000	£327,350	45% below HPI
2019 29 NOV	£140,000	£284,738	51% below HPI
1998 27 NOV	£52,000	£90,100	42% below HPI

19 GREEN BANK 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 19 GREEN BANK sales between November 1998 and March 2022 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 November 2019 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

What might 19 GREEN BANK be worth now?

19 GREEN BANK might now be worth an estimated £193,550.

This is based on house price inflation of 7.5%, between March 2022 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 7.5% inflationary increase is applied to the most recent sale price for 19 GREEN BANK of £180,000 on 8th March 2022. For the value to have increased from £180,000 to £193,550 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of 19 GREEN BANK has moved in line with the HPI for detached houses in the Newark and Sherwood local authority area.
• The March 2022 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 19 GREEN BANK has not materially changed since March 2022.

How Large is 19 GREEN BANK?

19 GREEN BANK is 58m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 10% 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 19 GREEN BANK lies on this distribution: 8% of detached houses houses are smaller than 19 GREEN BANK, and 92% of houses are larger. Note that EPC data is not available for all properties in Rainworth.

19 GREEN BANK: Plot and Title Map

19 GREEN BANK sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of 19 GREEN BANK, 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 19 GREEN BANK). 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 19 GREEN BANK?

19 GREEN BANK is located in RAINWORTH, in the NG21 postcode district. The below map shows the position of No. 19 on GREEN BANK.