3, OLD MILL CLOSE, FOREST TOWN, MANSFIELD, NG19 0EA - £365,000

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.

3 OLD MILL CLOSE is a very large detached house of 301m², built sometime between 2003 and 2006, which could now be worth an estimated £518,437. It was last sold for £365,000 in November 2017, which was around 95% above the average November 2017 detached price in the Mansfield local authority area. The most recent EPC inspection was May 2017, where the current energy rating was C, and the potential energy rating was B.

3 OLD MILL CLOSE Sold Prices

Land registry data shows three sales for 3 OLD MILL 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 Mansfield local authority area for the corresponding sale date. One of the three 3 OLD MILL CLOSE sales was for above the average price, whilst two 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 27 NOV	£365,000	£187,608	95% above HPI
2004 16 JAN	£125,000	£129,699	4% below HPI
2003 29 AUG	£85,000	£116,040	27% below HPI

3 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 three 3 OLD MILL CLOSE sales between August 2003 and November 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 2004 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the November 2017 sale, where it rises to 95% above the HPI. The line then continues to track at 95% above the HPI.

What might 3 OLD MILL CLOSE be worth now?

3 OLD MILL CLOSE might now be worth an estimated £518,437.

This is based on house price inflation of 42%, between November 2017 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 42% inflationary increase is applied to the most recent sale price for 3 OLD MILL CLOSE of £365,000 on 27th November 2017. For the value to have increased from £365,000 to £518,437 over the nine years and seven months to April 2026, the following assumptions must hold true:

• The value of 3 OLD MILL CLOSE has moved in line with the HPI for detached houses in the Mansfield local authority area.
• The November 2017 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 3 OLD MILL CLOSE has not materially changed since November 2017.

How Large is 3 OLD MILL CLOSE?

3 OLD MILL CLOSE is 301m² according to the EPC inspection conducted in May 2017. This puts it in the largest 10% 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 3 OLD MILL CLOSE lies on this distribution: More than 99% of detached houses houses are smaller than 3 OLD MILL CLOSE, and less than 1% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

3 OLD MILL CLOSE: Plot and Title Map

3 OLD MILL CLOSE sits on a plot of roughly 0.190 of an acre, or 770m². The below map shows the location of 3 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 3 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 3 OLD MILL CLOSE?

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