1, Spring Lane
1, Spring Lane
Description & Estimates
Public records show 1, Spring Lane, Newark to be an early-century freehold house with 734 ft2 of internal area.
In this area, houses of this size normally have 3 bedrooms with a garden.
1, Spring Lane, Newark has an estimated sale value of £178,024 and an estimated rental value of £893 per month, assuming reasonable condition and based on the information available.
Spring Lane, Balderton, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
1, Spring Lane, Newark has a single entry in the Land Registry from December 2009 and a single entry in the EPC database dated October 2009.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate 1, Spring Lane, Newark would be worth £186,926, with a potential rental value of £938 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £165,563, with a rental value of £831 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1, Spring Lane, Newark has declined by £2,146 (1.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £20 (2.3%). The property's estimated gross yield is currently 6.0%.
Energy Efficiency
1, Spring Lane, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 Oct 2009.
The property is connected to mains gas and has partial double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
1, Spring Lane, Newark last changed hands on 21st December 2009, selling for £96,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 39.2% since December 2009.
- Sold Dec 2009£96,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 710 metres of 1, Spring Lane, Newark across the last 2 years.
Most recently, 4, Spring Lane, Newark, NG24 3NZ, a freehold house, sold at £170,000 on the 25th November 2024.
Read more about house prices in NG24.
- Sold Nov 2024£170,000 | 3 Bed House4, Spring Lane, Newark, NG24 3NZ4, Spring Lane, Newark, NG24 3NZ
- Sold Dec 2023£195,000 | 3 Bed House9, Spring Lane, Newark, NG24 3NZ9, Spring Lane, Newark, NG24 3NZ
- Sold Oct 2016£123,500 | 3 Bed House15, Wetsyke Lane, Newark, NG24 3NY15, Wetsyke Lane, Newark, NG24 3NY
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1, Spring Lane, Newark as the 30th largest and the 31st most expensive of the 46 addresses on Spring Lane, Balderton, Newark, NG24.
Against the NG24 postcode district average, it is £34k less expensive than the typical property.
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Schools Nearby
- 500mChuter Ede Primary School
- 1.2kmJohn Hunt Academy
- 2.5kmBarnby Road Academy Primary and Nursery school
- 1.3kmThe Newark Academy
- 1.6kmThe Suthers School
- 2.6kmMagnus Church of England Academy
More reading links
Public Transport Nearby
Newark Northgate station is the nearest stop to 1, Spring Lane, Newark at 3.6 kilometres away.
- 3.6kmNewark Northgate
- 4.0kmNewark Castle
- 8.7kmRolleston
Available Internet Speeds
Ofcom's latest figures show ultrafast broadband available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
