1, School Lane
1, School Lane
Description & Estimates
1, School Lane, Newark is recorded publicly as a modern freehold house across 2,647 ft2 of internal area, sitting on a 653 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 1, School Lane, Newark is £504,080 and its rental estimate is £1,627 per month, given the available information and assuming reasonable condition.
School Lane, Farndon, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
1, School Lane, Newark has a single entry in the Land Registry from June 2017 and a single entry in the EPC database dated October 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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, School Lane, Newark, we estimate a market value of £529,284 and a rental value of £1,708 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £468,794 and £1,513 per month respectively.
Recent Market Change
Over the last year, 1, School Lane, Newark has seen its estimated sale value drop by £6,307 (1.3%) and its estimated rental value rise by £37 per month (2.3%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 1, School Lane, Newark as measuring 653 m2.
That makes it the 5th largest plot in the postcode, where 17 of the 26 other houses have recorded plot data.
Energy Efficiency
1, School Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 03 Oct 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
The most recent sale of 1, School Lane, Newark completed on 23rd June 2017 at £350,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 13.7% over the period since June 2017.
- Sold Jun 2017£350,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 1, School Lane, Newark have sold within a radius of 2.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th February 2022, was 1, Larkfields, Newark, NG24 4NW, a freehold house which sold for £550,000.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 26 addresses on School Lane, Farndon, Newark, NG24, 1, School Lane, Newark comes out as the largest and the most expensive in our analysis of the public data.
It is also £292k more expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 800mSt Peter's Crosskeys CofE Academy
- 2.9kmHoly Trinity Catholic Voluntary Academy
- 3.1kmThe Sir Donald Bailey Academy
- 3.6kmMagnus Church of England Academy
- 4.5kmThe Newark Academy
- 5.4kmThe Suthers School
More reading links
Public Transport Nearby
From 1, School Lane, Newark, the nearest station is Rolleston, 3.2 kilometres away.
- 3.2kmRolleston
- 3.7kmNewark Castle
- 4.0kmFiskerton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
