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Rainworth House Prices Rainworth House Prices

The average house price in Rainworth is £130,500 using HM Land Registry data.

The average property price increased by £53,325 (37.33%) over the last 5 years and increased by £10,657 (5.75%) over the last 12 months.

Over the last year, there were 100 residential property sales – a decrease of 44 transactions (-44.00%) relative to the previous year. The majority of house sales (24) were in the £148,000 - £176,000 range. Then came properties in the £120,000 - £148,000 range, where 20 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,845 (-2%).

In April 2024, there were 12 new estate agency instructions, 6 agreed home sales and 6 property price reductions.

Neighbouring Areas: Mansfield

Postcodes Covered: NG21

5-Year Average Property Prices in Rainworth

37.33%

Property prices in Rainworth increased by 37.33% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Rainworth Over the Last Year

5.75%

Property prices in Rainworth increased by 5.75% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Rainworth - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Rainworth

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Rainworth

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Rainworth

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Rainworth since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Rainworth area since 1995.

Recent Property Sales in Rainworth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
278 Southwell Road East, Rainworth, Mansfield, Nottinghamshire, NG21 0EQ£210,000£190,000-£20,00022 Jun 202307 Mar 2024259 Days
13 Churchfield Drive, Rainworth, Mansfield, Nottinghamshire, NG21 0BJ£230,000£230,000£0009 Oct 202323 Feb 2024137 Days
46 Diamond Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0FF£270,000£265,000-£5,00023 Mar 202315 Feb 2024329 Days
28 Bevan Close, Rainworth, Mansfield, Nottinghamshire, NG21 0EX£130,000£130,000£0017 Oct 202301 Feb 2024107 Days
14 Third Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0BY£140,000£138,000-£2,00031 Mar 202315 Dec 2023259 Days
7 Warsop Lane, Rainworth, Mansfield, Nottinghamshire, NG21 0AD£225,000£222,500-£2,50018 Apr 202328 Nov 2023224 Days
12 Westbrook Drive, Rainworth, Mansfield, Nottinghamshire, NG21 0FB£245,000£245,000£0017 Jul 202310 Nov 2023116 Days
10 Derwent Close, Rainworth, Mansfield, Nottinghamshire, NG21 0FN£200,000£195,000-£5,00022 Jun 202308 Nov 2023139 Days
2 Lake Farm Road, Rainworth, Mansfield, Nottinghamshire, NG21 0ED£249,950£245,000-£4,95013 Apr 202330 Oct 2023200 Days
20 Westbrook Drive, Rainworth, Mansfield, Nottinghamshire, NG21 0FB£210,000£205,000-£5,00006 Apr 202330 Oct 2023207 Days
10 Pearl Close, Rainworth, Mansfield, Nottinghamshire, NG21 0GF£350,000£335,000-£15,00027 Apr 202313 Oct 2023169 Days
65 South Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0JH£130,000£130,000£0004 Jul 202312 Oct 2023100 Days
24 Churchfield Drive, Rainworth, Mansfield, Nottinghamshire, NG21 0BJ£190,000£190,000£0029 May 202311 Oct 2023135 Days
120 Rufford Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0LB£140,000£132,000-£8,00011 Apr 202311 Oct 2023183 Days
6 Churchfield Drive, Rainworth, Mansfield, Nottinghamshire, NG21 0BJ£260,000£260,000£0020 Jun 202311 Oct 2023113 Days
18 Beverley Close, Rainworth, Mansfield, Nottinghamshire, NG21 0LW£190,000£180,000-£10,00011 Apr 202328 Sep 2023170 Days
39 Python Hill Road, Rainworth, Mansfield, Nottinghamshire, NG21 0JE£165,000£160,000-£5,00013 May 202315 Sep 2023125 Days
18 Green Bank, Rainworth, Mansfield, Nottinghamshire, NG21 0FQ£210,000£207,000-£3,00017 Mar 202308 Sep 2023175 Days
Four Winds, Southwell Road East, Rainworth, Mansfield, Nottinghamshire, NG21 0EZ£350,000£305,000-£45,00015 May 202308 Sep 2023116 Days
4 Bishops Hill, Rainworth, Mansfield, Nottinghamshire, NG21 0EF£180,000£180,000£0021 Apr 202323 Aug 2023124 Days

Most Expensive Streets in Rainworth

PostcodeStreetAreaAverageNo. of Sales
NG21 0EYWoodpecker DriveRainworth£365,5004
NG21 0FTDiamond AvenueRainworth£300,0254
NG21 0GFPearl CloseRainworth£297,6663
NG21 0FZThe HolliesRainworth£275,2006
NG21 0EWSouthwell Road EastRainworth£259,5836
NG21 0NHLea ViewRainworth£250,6663
NG21 0FFDiamond AvenueRainworth£242,53114
NG21 0GHAmethyst CloseRainworth£227,5004
NG21 0ELSouthwell Road EastRainworth£225,60010
NG21 0DNPine CloseRainworth£217,0003

Least Expensive Streets in Rainworth

PostcodeStreetAreaAverageNo. of Sales
NG21 0TBReadwald DriveRainworth£81,6663
NG21 0BXSecond AvenueRainworth£88,9166
NG21 0JQSouth AvenueRainworth£103,86412
NG21 0EXBevan CloseRainworth£105,5008
NG21 0LAKirklington RoadRainworth£106,0003
NG21 0EUVera CrescentRainworth£110,36717
NG21 0JHSouth AvenueRainworth£113,40015
NG21 0ATRugby RoadRainworth£114,4166
NG21 0BUFirst AvenueRainworth£115,0004
NG21 0JBNorth AvenueRainworth£115,3128

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