Be the first Estate
Agent here!
Mayfair House Spring Gardens is a residential building situated on Spring Gardens, Newark, NG24 with 4 addresses.
It ranks as the 282nd largest and 268th most expensive of the 422 buildings in the NG24 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 4 properties: 4 flats.
Mayfair House Spring Gardens is a residential building situated on Spring Gardens, Newark, NG24 with 4 addresses.
It ranks as the 282nd largest and 268th most expensive of the 422 buildings in the NG24 area. The dominant property type is a mid-century flat built between 1936 and 1979.
The building contains a total of 4 properties: 4 flats.
Sale prices range from £112,600 for 2 bedroom leasehold flats (613 ft2) to £122,560 for 2 bedroom leasehold flats (742 ft2) .
Monthly rental prices range from £660 pcm for 2 bed flats to £693 pcm for 2 bed flats.
The gross rental yield is between 6.8% and 7.0%.
The average value per square foot is £175.
The last sale in Mayfair House Spring Gardens sold for £123,500 on 24th May 2023. Since then prices have on average remained the same.
The current average value in the building is £117,209.
The Mayfair House Spring Gardens Sales Market has increased by 22.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.2% | £117,209 |
| May 2025 | -0.8% | £117,471 |
| May 2024 | 1.1% | £118,410 |
| May 2023 | 0.8% | £117,169 |
| May 2022 | 7.3% | £116,203 |
| May 2021 | 5.3% | £108,329 |
| May 2020 | -0.1% | £102,896 |
| May 2019 | 0.4% | £102,986 |
| May 2018 | 4.5% | £102,573 |
| May 2017 | 2.8% | £98,138 |
| May 2016 | 2.5% | £95,455 |
| May 2015 | 3.9% | £93,138 |
| May 2014 | 5% | £89,679 |
| May 2013 | 1% | £85,391 |
| May 2012 | -0.1% | £84,536 |
| May 2011 | -3.6% | £84,649 |
| May 2010 | 0.8% | £87,840 |
| May 2009 | -13.2% | £87,141 |
| May 2008 | -1.2% | £100,397 |
| May 2007 | 0% | £101,615 |
The current average rental value in the building is £676.
The Mayfair House Spring Gardens Rental Market has increased by 32.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.3% | £676pcm |
| May 2025 | 2.6% | £654pcm |
| May 2024 | 7.4% | £638pcm |
| May 2023 | 7.9% | £593pcm |
| May 2022 | 1.2% | £550pcm |
| May 2021 | 2% | £544pcm |
| May 2020 | 1% | £533pcm |
| May 2019 | 2% | £527pcm |
| May 2018 | -0.9% | £517pcm |
| May 2017 | 2.1% | £521pcm |
| May 2016 | 2.7% | £511pcm |
| May 2015 | 0.5% | £498pcm |
| May 2014 | 2.3% | £495pcm |
| May 2013 | -0.3% | £484pcm |
| May 2012 | 0.9% | £485pcm |
| May 2011 | -0.2% | £481pcm |
| May 2010 | -2.1% | £482pcm |
| May 2009 | -4.5% | £492pcm |
| May 2008 | 1.6% | £515pcm |
| May 2007 | 0% | £507pcm |
The last sale was on 24th May 2023 for £123,500 and since then the market in the area has remained stable. The building has had a total of 6 sales since 1995.
Mayfair House, Spring Gardens, Newark, NG24 4UW has seen 2 sales in the last three years and no sales in the last twelve months.
The closest station to Mayfair House, Spring Gardens, Newark, NG24 4UW is Newark Castle station, which is 900 metres away.
Be the first Estate
Agent here!
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Mayfair House, Spring Gardens, Newark, NG24 4UW, 34.5% of property is privately owned outright and 30.3% is privately rented.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Mayfair House, Spring Gardens, Newark, NG24 4UW, 12.6% of residents are recorded as possessing school level qualifications and 33.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Mayfair House, Spring Gardens, Newark, NG24 4UW, the average age was 39.6 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Mayfair House, Spring Gardens, Newark, NG24 4UW, 0.7% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Mayfair House, Spring Gardens, Newark, NG24 4UW, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.