2, OLD MILL CLOSE, FOREST TOWN, MANSFIELD, NG19 0EA - £255,000

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.

2 OLD MILL CLOSE is a very large extended detached house of 129m², built sometime between 2003 and 2006, which could now be worth an estimated £344,433. It was last sold for £255,000 in January 2019, which was around 29% above the average January 2019 detached price in the Mansfield local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

2 OLD MILL CLOSE Sold Prices

Land registry data shows four sales for 2 OLD MILL CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mansfield local authority area for the corresponding sale date. All of the four 2 OLD MILL CLOSE 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
2019 11 JAN	£255,000	£197,283	29% above HPI
2007 19 NOV	£218,000	£169,442	29% above HPI
2004 20 FEB	£186,000	£126,852	47% above HPI
2003 17 APR	£159,950	£103,078	55% above HPI

2 OLD MILL CLOSE 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 four 2 OLD MILL CLOSE sales between April 2003 and January 2019 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 2007 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the January 2019 sale, which was also at 29% above the HPI.

What might 2 OLD MILL CLOSE be worth now?

2 OLD MILL CLOSE might now be worth an estimated £344,433.

This is based on house price inflation of 35.1%, between January 2019 and April 2026, 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 35.1% inflationary increase is applied to the most recent sale price for 2 OLD MILL CLOSE of £255,000 on 11th January 2019. For the value to have increased from £255,000 to £344,433 over the six years and nine months to April 2026, the following assumptions must hold true:

• The value of 2 OLD MILL CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The January 2019 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of 2 OLD MILL CLOSE has not materially changed since January 2019.

How Large is 2 OLD MILL CLOSE?

2 OLD MILL CLOSE is 129m², which includes two extensions, according to the EPC inspection conducted in July 2018. 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 2 OLD MILL CLOSE lies on this distribution: 80% of detached houses houses are smaller than 2 OLD MILL CLOSE, and 19% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

2 OLD MILL CLOSE: Plot and Title Map

2 OLD MILL CLOSE sits on a plot of roughly 0.097 of an acre, or 393m². The below map shows the location of 2 OLD MILL 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 2 OLD MILL 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 2 OLD MILL CLOSE?

2 OLD MILL CLOSE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 2 on OLD MILL CLOSE.