Mansfield

Area Guide For Mansfield

Mansfield is a town in Nottinghamshire, England. It is the main town in the Mansfield local government district. Mansfield is a part of the Mansfield Urban Area. The town is surrounded by a pocket of steep hills within the Maun Valley, and has a population of 67,885, with the entire of Mansfield district being 98,181. Mansfield is thought to date back at least to Roman times, with coins from those times having been found there, as well as a villa. Later the early English royalty are said to have stayed there, the Mercian Kings having used it as a base for hunting in the nearby Sherwood Forest. Mansfield has a large market square and around the market a large commercial centre including a museum, the Palace Theatre and numerous pubs, bars and night clubs. It has also a new indoor market which is nearing completion. Mansfield was originally the home of Mansfield Brewery, once the largest independent brewer in the UK. The brewery was acquired by Wolverhampton & Dudley Breweries for £253m in October 1999, with production of the Mansfield range of ales moving to other parts of the country. The brewery's assets were later sold to Pubmaster Ltd and the former site of the brewery is due

 
 

Mansfield Map

Estimated Price: £129,156
Average Asking Price: £227,654
Price change in last one year: £4,528
Average Price Paid: £117,808
Average Rent Rates: £864

 
 

Property Prices Breakdown in Mansfield

Average Price for property in Mansfield is around £129,156 which varies based on type of property you are interested in and ranges from £194,653 for detached house to around £107,380 for semi-detached. Similarly terraced house is around £79,824 and a flat is worth £94,900. Values have been changing and have risen £697 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,037 in last 6 months, £4,528 in last 1 year, £7,767 in last 2 years, £13,179 in last 3 years, £8,322 in last 4 years and £4,758 in last 5 years.

Currently average asking price of a property in Mansfield is around £227,654 based on approximately 1,854 properties for sale. Same is the case with rental options based on 289 properties up for rent, average asking rent is around £864 per month.

Estimated property value in Mansfield is £129,156. Average asking price is £227,654 while average price paid is £124,087 which is up by £4,528 and Avg. asking rent £864.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Mansfield area. In last 1 year alone average price buyer paid is around £124,087 based on approximately 1,854 sales in Mansfield area alone. If you compare it to last 3 years sales of 5,285 properties where buyers paid around £118,740. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £117,808 for 8,318 and average amount paid for purchase of approx. 11,242 properties sold in last 7 years comes to about £118,008 per sale.

 
 

Properties For Sale in Mansfield

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £102,492, £109,173 for a 2 bedroom house, £136,292 for a 3 bedroom house, £225,039 for a 4 bedroom house and £341,253 for a 5 bedroom house. For a flat similarly the prices varies from £62,611 for a single bedroom to £103,107 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £70,000 and £129,995 for a 4 bedroom flat. To sum up the asking prices for properties in Mansfield it comes to around average £74,575 for 1 bedroom property, £107,950 for 2 bedroom, £136,157 for 3 bedroom, £224,716 for 4 bedroom and £341,253 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £426 for 1 bedroom to £455 for 2 bedrooms, £504 for 3 bedrooms, £753 for 4 bedrooms and £831 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £368. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £455 and £523 for 3 bedroom. You should be generally be expecting around average £384 rent per month for single bedroom property, £455 for 2 bedroom, £505 for 3 bedroom, £753 for 4 bedroom and approximately £831 for a 5 bedroom property in Mansfield area.

Popular Houses in Mansfield

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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