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According to the public record, 2, Cranwell Close, Newark is a modern freehold house with 2,045 ft2 of internal area and sits on a 623 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Cranwell Close, Newark is £465,324 and the estimated rental value is £1,423 per month.
Cranwell Close, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
2, Cranwell Close, Newark has 21 entries in the Land Registry , most recently in December 2022 and a single entry in the EPC database dated September 2022.
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.
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 2, Cranwell Close, Newark is in very good condition we estimate a sale value of £488,590 and a rental value of £1,494 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £432,752 and a rental value of £1,323 per month.
Over the last 12 months the sale value of 2 Cranwell Close Newark has decreased by an estimated £2,383 (0.5%) and its rental value has increased by an estimated £31 per month (2.2%), giving an expected gross yield of 3.7%.
According to data from HM Land Registry, 2, Cranwell Close, Newark sits on a plot of 623m2.
We have plot size data on 7 out of 7 other houses in the postcode and 2, Cranwell Close, Newark sits on the 2nd largest plot.
2, Cranwell Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Sep 2022.
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, 2, Cranwell Close, Newark was last sold on 20th December 2022 for £475,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since December 2022, the market for similar properties has dropped 11.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Cranwell Close, Newark within a radius of 960 metres over the last 2 years.
The most recent example is 4, Grant Close, Newark, NG24 2LX, a freehold house which sold for £500,000 on the 30th October 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Cranwell Close, Newark, NG24 has a total of 7 addresses. According to our analysis of all the public data, 2, Cranwell Close, Newark is the 3rd largest and the most expensive property on the street.
When compared to the postcode district it is £253k more expensive than the average property in NG24.
The closest station to 2, Cranwell Close, Newark is Newark Northgate station which is 1.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast 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 2, Cranwell Close, Newark, 61.2% of property is privately owned with a mortgage and 34.3% is privately owned outright.
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 2, Cranwell Close, Newark, 25.9% of residents are recorded as possessing school level qualifications and 42.0% 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 2, Cranwell Close, 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 2, Cranwell Close, Newark, 0.3% 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 2, Cranwell Close, Newark, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
