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Rainworth House Prices Rainworth House Prices

The average house price in Rainworth is £194,365 using HM Land Registry data.

The average property price increased by £54,271 (37.97%) over the last 5 years and increased by £10,849 (5.82%) over the last 12 months.

Over the last year, there were 117 residential property sales – a decrease of 29 transactions (-24.79%) relative to the previous year. The majority of house sales (34) were in the £148,000 - £176,000 range. Then came properties in the £176,000 - £204,000 range, where 19 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-4,845 (-2%).

In Oct 24, there were new estate agency instructions, agreed home sales and property price reductions.

Neighbouring Areas: Mansfield

Postcodes Covered: NG21

5-Year Average Property Prices in Rainworth

37.97%

Property prices in Rainworth increased by 37.97% 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

5.82%

Property prices in Rainworth increased by 5.82% 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 - Oct 24

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 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer 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
14 Farnsworth Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0EN£435,000£420,000-£15,00018 Mar 202416 Aug 2024151 Days
20 Birch Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0LQ£210,000£210,000£0018 Jan 202426 Jul 2024190 Days
67 North Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0JB£150,000£150,000£0008 Mar 202401 Jul 2024115 Days
143 Kirklington Road, Rainworth, Mansfield, Nottinghamshire, NG21 0LA£170,000£170,000£0030 Jan 202428 Jun 2024150 Days
10 Curzon Close, Rainworth, Mansfield, Nottinghamshire, NG21 0BQ£210,000£205,000-£5,00026 Jan 202411 Jun 2024137 Days
11 Opal Close, Rainworth, Mansfield, Nottinghamshire, NG21 0FA£220,000£220,000£0029 Nov 202331 May 2024184 Days
3 Allendale Road, Rainworth, Mansfield, Nottinghamshire, NG21 0FL£195,000£190,000-£5,00017 Nov 202324 May 2024189 Days
15 Python Hill Road, Rainworth, Mansfield, Nottinghamshire, NG21 0JD£150,000£150,000£0003 Nov 202330 Apr 2024179 Days
74 Kirklington Road, Rainworth, Mansfield, Nottinghamshire, NG21 0JX£289,950£280,000-£9,95026 Aug 202319 Apr 2024237 Days
45 Vera Crescent, Rainworth, Mansfield, Nottinghamshire, NG21 0EU£130,000£128,500-£1,50028 Dec 202312 Apr 2024106 Days
6 Farnsworth Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0EN£225,000£225,000£0031 Jan 202405 Apr 202465 Days
36 Kirklington Road, Rainworth, Mansfield, Nottinghamshire, NG21 0JR£135,000£130,000-£5,00007 Sep 202328 Mar 2024203 Days
30 Diamond Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 0FF£280,000£260,000-£20,00005 Jun 202325 Mar 2024294 Days
10 Kingfield Close, Rainworth, Mansfield, Nottinghamshire, NG21 0FD£230,000£230,000£0018 Oct 202322 Mar 2024156 Days
26 Thoresby Road, Rainworth, Mansfield, Nottinghamshire, NG21 0DZ£220,000£220,000£0025 May 202312 Mar 2024292 Days
8 Sycamore Close, Rainworth, Mansfield, Nottinghamshire, NG21 0FX£245,000£245,000£0022 Sep 202308 Mar 2024168 Days
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
17 Rainworth Water Road, Rainworth, Mansfield, Nottinghamshire, NG21 0DU£180,000£176,000-£4,00002 Oct 202323 Feb 2024144 Days
1 Lind Close, Rainworth, Mansfield, Nottinghamshire, NG21 0EG£200,000£188,000-£12,00022 Sep 202316 Feb 2024147 Days

Most Expensive Streets in Rainworth

PostcodeStreetAreaAverageNo. of Sales
NG21 0EYWoodpecker DriveRainworth£384,4005
NG21 0FTDiamond AvenueRainworth£300,0254
NG21 0GFPearl CloseRainworth£297,6663
NG21 0FZThe HolliesRainworth£275,2006
NG21 0GHAmethyst CloseRainworth£269,0003
NG21 0EWSouthwell Road EastRainworth£259,5836
NG21 0NHLea ViewRainworth£250,6663
NG21 0FFDiamond AvenueRainworth£248,60314
NG21 0ELSouthwell Road EastRainworth£234,0009
NG21 0JXKirklington RoadRainworth£223,85010

Least Expensive Streets in Rainworth

PostcodeStreetAreaAverageNo. of Sales
NG21 0TBReadwald DriveRainworth£81,6663
NG21 0BXSecond AvenueRainworth£89,9005
NG21 0JQSouth AvenueRainworth£110,24114
NG21 0ATRugby RoadRainworth£115,9287
NG21 0EXBevan CloseRainworth£117,0005
NG21 0BHParkstone AvenueRainworth£117,2504
NG21 0JHSouth AvenueRainworth£117,54112
NG21 0EUVera CrescentRainworth£119,86513
NG21 0JJLittle John DriveRainworth£120,4005
NG21 0LAKirklington RoadRainworth£122,0004

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