1, Bacon Lane
1, Bacon Lane
Description & Estimates
1, Bacon Lane, Newark is described in the public record as a modern house with 1,797 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 1, Bacon Lane, Newark is £491,249 and its rental estimate is £1,888 per month, given the available information and assuming reasonable condition.
Bacon Lane, West Markham, Newark, NG22 falls within the NG22 postal district, in the borough of Bassetlaw.
Our Data Sources
1, Bacon Lane, Newark has no records in the the Land Registry and a single entry in the EPC database dated November 2018.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 1, Bacon Lane, Newark, we estimate a market value of £515,812 and a rental value of £1,982 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £456,862 and £1,756 per month respectively.
Recent Market Change
Over the last year, 1, Bacon Lane, Newark has seen its estimated sale value fall by £11,088 (2.3%) and its estimated rental value move up by £32 per month (1.7%). This results in an estimated gross rental yield of 4.6%.
Energy Efficiency
1, Bacon Lane, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Nov 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, Bacon Lane, Newark have sold within a radius of 2.7 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 18th June 2021, was Willersey Cottage, Main Street, Newark, NG22 0GT, a freehold house which sold for £525,000.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on Bacon Lane, West Markham, Newark, NG22, 1, Bacon Lane, Newark comes out as the 7th largest and the 7th most expensive in our analysis of the public data.
It is also £245k more expensive than the average property across the NG22 district.
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Schools Nearby
- 2.1kmEast Markham Primary School
- 2.2kmTuxford Primary Academy
- 3.7kmGamston St Peter's CofE Primary School
- 2.7kmTuxford Academy
- 6.6kmThe Dukeries Academy
- 8.9kmRetford Oaks Academy
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Public Transport Nearby
From 1, Bacon Lane, Newark, the nearest station is Retford, 8.1 kilometres away.
- 8.1kmRetford
- 15.4kmWorksop
- 15.8kmCollingham
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
