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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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16, Gaitskell Way, Newark is described in the public record as a mid-century house with 462 ft2 of internal area.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 16, Gaitskell Way, Newark is £97,809 and its rental estimate is £586 per month, given the available information and assuming reasonable condition.
Gaitskell Way, Balderton, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
16, Gaitskell Way, Newark has no records in the the Land Registry and a single entry in the EPC database dated January 2022.
We combine this information with public data 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.
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 16, Gaitskell Way, Newark, we estimate a market value of £102,700 and a rental value of £615 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £90,963 and £545 per month respectively.
Over the last year, 16, Gaitskell Way, Newark has seen its estimated sale value drop by £1,542 (1.6%) and its estimated rental value rise by £11 per month (1.9%). This results in an estimated gross rental yield of 7.2%.
16, Gaitskell Way, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 20 Jan 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties have sold within 700 metres of 16, Gaitskell Way, Newark, per the Land Registry and our network of Estate Agents.
The latest, on the 25th March 2013, was 23, Dorewood Court, Newark, NG24 3PR, a leasehold flat which sold for £80,000.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 21 addresses on Gaitskell Way, Balderton, Newark, NG24, 16, Gaitskell Way, Newark comes out as the 19th largest and the 19th most expensive in our analysis of the public data.
It is also £114k less expensive than the average property across the NG24 district.
From 16, Gaitskell Way, Newark, the nearest station is Newark Northgate, 3.3 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Gaitskell Way, Newark, 29.4% of property is privately owned outright and 29.4% is socially 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 16, Gaitskell Way, Newark, 19.1% of residents are recorded as possessing school level qualifications and 16.7% 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 16, Gaitskell Way, Newark, the average age was 44.2 and the most common age was 52.
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 16, Gaitskell Way, Newark, 0.0% 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 16, Gaitskell Way, Newark, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
