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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, 2, Elm Close, Newark is a mid-century freehold house with 2,055 ft2 of internal area and sits on a 513 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, Elm Close, Newark is £432,048 and the estimated rental value is £1,432 per month.
Elm Close, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
2, Elm Close, Newark has 21 entries in the Land Registry , most recently in January 2013 and a single entry in the EPC database dated July 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium 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, Elm Close, Newark is in very good condition we estimate a sale value of £453,650 and a rental value of £1,504 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £401,805 and a rental value of £1,332 per month.
Over the last 12 months the sale value of 2 Elm Close Newark has decreased by an estimated £2,213 (0.5%) and its rental value has increased by an estimated £31 per month (2.2%), giving an expected gross yield of 4%.
According to data from HM Land Registry, 2, Elm Close, Newark sits on a plot of 513m2.
We have plot size data on 6 out of 6 other houses in the postcode and 2, Elm Close, Newark sits on the 5th largest plot.
2, Elm Close, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jul 2020.
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, Elm Close, Newark was last sold on 31st January 2013 for £235,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since January 2013, the market for similar properties has risen 51.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Elm Close, Newark within a radius of 620 metres over the last 2 years.
The most recent example is 3, Elm Close, Newark, NG24 1SG, a freehold house which sold for £495,000 on the 21st October 2022.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elm Close, Newark, NG24 has a total of 6 addresses. According to our analysis of all the public data, 2, Elm Close, Newark is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £220k more expensive than the average property in NG24.
The closest station to 2, Elm Close, Newark is Newark Northgate station which is 1.7 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, Elm Close, Newark, 52.4% of property is privately owned outright and 31.1% 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 2, Elm Close, Newark, 15.0% of residents are recorded as possessing school level qualifications and 33.0% 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, Elm 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, Elm Close, 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 2, Elm Close, Newark, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
