2, Scholars Way
2, Scholars Way
Description & Estimates
2, Scholars Way, Newark is recorded publicly as a modern freehold house across 527 ft2 of internal area, sitting on a 184 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, Scholars Way, Newark is £129,558 and its rental estimate is £816 per month, given the available information and assuming reasonable condition.
Scholars Way, Bilsthorpe, Newark, NG22 falls within the NG22 postal district, in the borough of Newark and Sherwood.
Our Data Sources
2, Scholars Way, Newark has a single entry in the Land Registry from December 2016 and a single entry in the EPC database dated November 2016.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Scholars Way, Newark, we estimate a market value of £136,036 and a rental value of £857 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £120,489 and £759 per month respectively.
Recent Market Change
Over the last year, 2, Scholars Way, Newark has seen its estimated sale value fall by £1,127 (0.9%) and its estimated rental value move up by £26 per month (3.2%). This results in an estimated gross rental yield of 7.6%.
Plot Size
HM Land Registry records the plot of land for 2, Scholars Way, Newark as measuring 184 m2.
That makes it the 7th largest plot in the postcode, where all 7 other houses have recorded plot data.
Energy Efficiency
2, Scholars Way, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 29 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, Scholars Way, Newark completed on 16th December 2016 at £100,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 108.7% over the period since December 2016.
- Sold Dec 2016£100,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Scholars Way, Newark have sold within a radius of 2.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2024, was 4, Scholars Way, Newark, NG22 8RX, a freehold house which sold for £135,000.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 7 addresses on Scholars Way, Bilsthorpe, Newark, NG22, 2, Scholars Way, Newark comes out as the 6th largest and the 6th most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the NG22 district.
More reading links
Schools Nearby
- 100mBilsthorpe Flying High Academy
- 3.8kmFarnsfield St Michael's Church of England Primary School
- 4.5kmKirklington Primary School
- 6.4kmThe Joseph Whitaker School
- 7.0kmThe Garibaldi School
- 8.0kmThe Dukeries Academy
More reading links
Public Transport Nearby
From 2, Scholars Way, Newark, the nearest station is Mansfield, 10.8 kilometres away.
- 10.8kmMansfield
- 11.3kmMansfield Woodhouse
- 12.0kmFiskerton
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
