BROOMBANK, NEW MILL LANE, FOREST TOWN, MANSFIELD, NG19 0HH - £270,000

BROOMBANK is a very large extended detached house of 145m², built sometime between 1967 and 1975. It was last sold for £270,000 in September 2018, which was around 40% above the average September 2018 detached price in the Mansfield local authority area. The most recent EPC inspection was April 2017, where the current energy rating was F, and the potential energy rating was C.

BROOMBANK Sold Prices

Land registry data shows two sales for BROOMBANK 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 BROOMBANK 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
2018 28 SEP	£270,000	£192,920	40% above HPI
2002 30 AUG	£169,950	£87,657	94% above HPI

BROOMBANK 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 BROOMBANK sales from August 2002 and September 2018 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 2002 sale was for 94% above the HPI. So the extrapolation line tracks at 94% above the HPI over time, until the September 2018 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is BROOMBANK?

BROOMBANK is 145m², which includes three extensions, according to the EPC inspection conducted in April 2017. This puts it in the largest 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 BROOMBANK lies on this distribution: 89% of detached houses are smaller than BROOMBANK, and 11% of houses are larger. Note that EPC data is not available for all properties in Forest Town.

BROOMBANK: Plot and Title Map

BROOMBANK sits on a plot of roughly 0.345 of an acre, or 1,396m². The below map shows the location of BROOMBANK, 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 BROOMBANK). 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 BROOMBANK?

BROOMBANK is located on NEW MILL LANE in FOREST TOWN, in the NG19 postcode district. The below map shows the position of BROOMBANK on NEW MILL LANE.