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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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Public records show 1, Old School Lane, Newark to be a modern leasehold house with 537 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
1, Old School Lane, Newark has an estimated sale value of £101,044 and an estimated rental value of £605 per month, assuming reasonable condition and based on the information available.
Old School Lane, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
1, Old School Lane, Newark has a single entry in the Land Registry from November 2017 and a single entry in the EPC database dated February 2009.
We combine this information with that 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.
In very good condition, we estimate 1, Old School Lane, Newark would be worth £106,096, with a potential rental value of £635 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £93,971, with a rental value of £563 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
The estimated sale value of 1, Old School Lane, Newark has dropped by £1,593 (1.6%) over the last year. During the same period, its estimated monthly rental value has risen by £12 (1.9%). The property's estimated gross yield is currently 7.2%.
1, Old School Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Feb 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using SAP05:Main-Heating.
1, Old School Lane, Newark last changed hands on 21st November 2017, selling for £80,000. The transaction was logged as a leasehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 48.1% since November 2017.
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 540 metres of 1, Old School Lane, Newark across the last 2 years.
Most recently, 1, Long Row, Newark, NG24 1RW, a freehold house, sold at £111,500 on the 31st March 2023.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Our analysis of the public data ranks 1, Old School Lane, Newark as the 2nd largest and the 2nd most expensive of the 4 addresses on Old School Lane, Newark, NG24.
Against the NG24 postcode district average, it is £111k less expensive than the typical property.
Newark Northgate station is the nearest stop to 1, Old School Lane, Newark at 1.1 kilometres away.
Environment Agency data suggests this area has a very low risk of flooding.
The recent census recorded whether a resident owned or rented their home.
In the area around 1, Old School Lane, Newark, 43.1% of property is privately owned outright and 29.9% is privately owned with a mortgage.
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 1, Old School Lane, Newark, 18.5% of residents are recorded as possessing school level qualifications and 27.6% 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 1, Old School Lane, Newark, the average age was 40.7 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 1, Old School Lane, Newark, 0.5% 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 1, Old School Lane, Newark, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
