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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 2, Fortune Close, Newark is a modern freehold house with 1,291 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Fortune Close, Newark is £287,708 and the estimated rental value is £1,286 per month.
Fortune Close, Kneesall, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
2, Fortune Close, Newark has a single entry in the Land Registry from June 2024 and a single entry in the EPC database dated November 2023.
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, Fortune Close, Newark is in very good condition we estimate a sale value of £302,093 and a rental value of £1,350 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,568 and a rental value of £1,196 per month.
Over the last 12 months the sale value of 2 Fortune Close Newark has decreased by an estimated £6,494 (2.3%) and its rental value has increased by an estimated £22 per month (1.7%), giving an expected gross yield of 5.4%.
2, Fortune Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
According to HM Land Registry, 2, Fortune Close, Newark was last sold on 11th June 2024 for £300,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2024, the market for similar properties has dropped 25.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Fortune Close, Newark within a radius of 5.2 kilometres over the last 2 years.
The most recent example is 3, Fortune Close, Newark, NG22 0FG, a freehold house which sold for £290,000 on the 21st June 2024.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Fortune Close, Kneesall, Newark, NG22 has a total of 4 addresses. According to our analysis of all the public data, 2, Fortune Close, Newark is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £42k more expensive than the average property in NG22.
The closest station to 2, Fortune Close, Newark is Rolleston station which is 11.9 kilometres away.
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, Fortune Close, Newark, 44.2% of property is privately owned outright and 29.5% 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, Fortune Close, Newark, 23.0% of residents are recorded as possessing school level qualifications and 39.9% 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, Fortune Close, Newark, the average age was 48.3 and the most common age was 57.
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, Fortune Close, Newark, 0.9% 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, Fortune 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.
