2, Richmond Close
2, Richmond Close
Description & Estimates
Public records show 2, Richmond Close, Newark to be a mid-century freehold house with 699 ft2 of internal area, sitting on a 422 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
2, Richmond Close, Newark has an estimated sale value of £224,187 and an estimated rental value of £882 per month, assuming reasonable condition and based on the information available.
Richmond Close, Balderton, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
2, Richmond Close, Newark has 2 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated November 2021.
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.
Price Range & Condition
In very good condition, we estimate 2, Richmond Close, Newark would be worth £235,397, with a potential rental value of £927 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £208,494, with a rental value of £821 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 2, Richmond Close, Newark has dropped by £2,703 (1.2%) over the last year. During the same period, its estimated monthly rental value has risen by £20 (2.3%). The property's estimated gross yield is currently 4.7%.
Plot Size
2, Richmond Close, Newark occupies a 422 m2 plot as recorded by HM Land Registry.
Of the 12 other houses in this postcode, 11 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
2, Richmond Close, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 Nov 2021.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
2, Richmond Close, Newark last changed hands on 15th July 2022, selling for £260,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 2.5% since July 2022.
- Sold Jul 2022£260,000
- Sold Jun 2011£165,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 730 metres of 2, Richmond Close, Newark across the last 2 years.
Most recently, 6, Russell Avenue, Newark, NG24 3BT, a freehold house, sold at £165,000 on the 31st March 2026.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 2, Richmond Close, Newark as the 7th largest and the 7th most expensive of the 12 addresses on Richmond Close, Balderton, Newark, NG24.
Against the NG24 postcode district average, it is £12k more expensive than the typical property.
More reading links
Schools Nearby
- 600mJohn Hunt Academy
- 1.1kmThe Sir Donald Bailey Academy
- 1.2kmChuter Ede Primary School
- 1.0kmThe Newark Academy
- 1.5kmMagnus Church of England Academy
- 2.0kmThe Suthers School
More reading links
Public Transport Nearby
Newark Northgate station is the nearest stop to 2, Richmond Close, Newark at 3.0 kilometres away.
- 3.0kmNewark Northgate
- 3.0kmNewark Castle
- 7.1kmRolleston
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
