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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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According to the public record, 16, Lamb Close, Newark is a modern freehold house with 1,076 ft2 of internal area and sits on a 352 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 16, Lamb Close, Newark is £287,005 and the estimated rental value is £1,077 per month.
Lamb Close, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
16, Lamb Close, Newark has 2 entries in the Land Registry , most recently in February 2021 and a single entry in the EPC database dated May 2015.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 16, Lamb Close, Newark is in very good condition we estimate a sale value of £301,355 and a rental value of £1,131 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £266,915 and a rental value of £1,001 per month.
Over the last 12 months the sale value of 16 Lamb Close Newark has decreased by an estimated £2,151 (0.7%) and its rental value has increased by an estimated £23 per month (2.2%), giving an expected gross yield of 4.5%.
According to data from HM Land Registry, 16, Lamb Close, Newark sits on a plot of 352m2.
We have plot size data on 22 out of 22 other houses in the postcode and 16, Lamb Close, Newark sits on the 9th largest plot.
16, Lamb Close, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 12 May 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 16, Lamb Close, Newark was last sold on 23rd February 2021 for £295,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since February 2021, the market for similar properties has dropped 8.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Lamb Close, Newark within a radius of 1.0 kilometres over the last 2 years.
The most recent example is 3, The Weavers, Newark, NG24 4RY, a freehold house which sold for £290,000 on the 2nd September 2022.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Lamb Close, Newark, NG24 has a total of 22 addresses. According to our analysis of all the public data, 16, Lamb Close, Newark is the 11th largest and the 11th most expensive property on the street.
When compared to the postcode district it is £75k more expensive than the average property in NG24.
The closest station to 16, Lamb Close, Newark is Newark Castle station which is 1.7 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 16, Lamb Close, Newark, 47.0% of property is privately owned outright and 33.7% 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 16, Lamb Close, Newark, 13.5% of residents are recorded as possessing school level qualifications and 39.1% 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, Lamb Close, Newark, the average age was 42 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, Lamb Close, Newark, 2.7% 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, Lamb Close, Newark, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
