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According to the public record, 2 Watermill Yard, Mill Gate, Newark is a modern apartment with 721 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 2 Watermill Yard, Mill Gate, Newark is £80,966 and the estimated rental value is £438 per month.
The apartment is within 2, Mill Gate, Newark, NG24.
Mill Gate, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
2 Watermill Yard, Mill Gate, Newark has no records in the the Land Registry and a single entry in the EPC database dated January 2024.
We combine this information with public data 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 Watermill Yard, Mill Gate, Newark is in very good condition we estimate a sale value of £85,014 and a rental value of £460 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £75,298 and a rental value of £407 per month.
Over the last 12 months the sale value of 2 Watermill Yard Mill Gate Newark has decreased by an estimated £633 (0.8%) and its rental value has increased by an estimated £9 per month (2.0%), giving an expected gross yield of 6.5%.
2 Watermill Yard, Mill Gate, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Jan 2024.
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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Watermill Yard, Mill Gate, Newark within a radius of 590 metres over the last 2 years.
The most recent example is Flat 6, The Chapel, Victoria Street, Newark, NG24 4UU, a leasehold flat which sold for £75,000 on the 12th May 2023.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Gate, Newark, NG24 has a total of 186 addresses. According to our analysis of all the public data, 2 Watermill Yard, Mill Gate, Newark is the 50th largest and the 156th most expensive property on the street.
When compared to the postcode district it is £131k less expensive than the average property in NG24.
The closest station to 2 Watermill Yard, Mill Gate, Newark is Newark Castle station which is 700 metres 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 Watermill Yard, Mill Gate, Newark, 52.7% of property is privately rented and 19.3% 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 Watermill Yard, Mill Gate, Newark, 9.2% of residents are recorded as possessing school level qualifications and 28.1% 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 2 Watermill Yard, Mill Gate, Newark, the average age was 39.6 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 Watermill Yard, Mill Gate, Newark, 0.8% 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 Watermill Yard, Mill Gate, Newark, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
