3, ALDER CLOSE, FOREST TOWN, MANSFIELD, NG19 0NQ - £127,000

3 ALDER CLOSE is a very small detached house of 66m², built sometime between 1976 and 1982. It was last sold for £127,000 in July 2017, which was around 30% below the average July 2017 detached price in the Mansfield local authority area. The most recent EPC inspection was September 2015, where the current energy rating was E, and the potential energy rating was B.

3 ALDER CLOSE Sold Prices

Land registry data shows two sales for 3 ALDER CLOSE 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 3 ALDER 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
2017 19 JUL	£127,000	£181,523	30% below HPI
2016 15 JAN	£117,500	£165,334	29% below HPI

3 ALDER 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 two 3 ALDER CLOSE sales from January 2016 and July 2017 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 January 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2017 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 3 ALDER CLOSE?

3 ALDER CLOSE is 66m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 20% 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 3 ALDER CLOSE lies on this distribution: 14% of detached houses are smaller than 3 ALDER CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

3 ALDER CLOSE: Plot and Title Map

3 ALDER CLOSE sits on a plot of roughly 0.039 of an acre, or 158m². The below map shows the location of 3 ALDER 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 3 ALDER 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 3 ALDER CLOSE?

3 ALDER CLOSE is located in FOREST TOWN, in the NG19 postcode district. The below map shows the position of No. 3 on ALDER CLOSE.