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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, Reed Close, Newark is a modern freehold house with 1,646 ft2 of internal area and sits on a 709 m2 plot.
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, Reed Close, Newark is £387,087 and the estimated rental value is £1,247 per month.
Reed Close, Middlebeck, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
2, Reed Close, Newark has a single entry in the Land Registry from January 2022 and a single entry in the EPC database dated September 2021.
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, Reed Close, Newark is in very good condition we estimate a sale value of £406,441 and a rental value of £1,310 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £359,991 and a rental value of £1,160 per month.
Over the last 12 months the sale value of 2 Reed Close Newark has decreased by an estimated £1,432 (0.4%) and its rental value has increased by an estimated £27 per month (2.2%), giving an expected gross yield of 3.9%.
According to data from HM Land Registry, 2, Reed Close, Newark sits on a plot of 709m2.
We have plot size data on 8 out of 8 other houses in the postcode and 2, Reed Close, Newark sits on the largest plot.
2, Reed Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 23 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Reed Close, Newark was last sold on 28th January 2022 for £380,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since January 2022, the market for similar properties has dropped 2.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Reed Close, Newark within a radius of 780 metres over the last 2 years.
The most recent example is 2, Heddle Close, Newark, NG24 3YW, a freehold house which sold for £366,813 on the 30th October 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Reed Close, Middlebeck, Newark, NG24 has a total of 8 addresses. According to our analysis of all the public data, 2, Reed Close, Newark is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £175k more expensive than the average property in NG24.
The closest station to 2, Reed Close, Newark is Newark Castle station which is 2.9 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, Reed Close, Newark, % of property is and % is .
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, Reed Close, Newark, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
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, Reed 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, Reed Close, Newark, there are an average of 0.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
