2, Swift Drive
2, Swift Drive
Description & Estimates
2, Swift Drive, Newark appears in the public record as a freehold house.
By comparing it to nearby properties, we estimate it to be a modern house with 1,670 ft2 of internal area and a garden.
Locally, houses of this size normally have 4 bedrooms.
Our estimate of the sale value of 2, Swift Drive, Newark is £391,603 and its rental estimate is £1,181 per month, given the available information and assuming reasonable condition.
Swift Drive, Middlebeck, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
2, Swift Drive, Newark has a single entry in the Land Registry from March 2022 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, Swift Drive, Newark, we estimate a market value of £411,183 and a rental value of £1,240 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £364,191 and £1,098 per month respectively.
Recent Market Change
Over the last year, 2, Swift Drive, Newark has seen its estimated sale value fall by £3,506 (0.9%) and its estimated rental value move up by £31 per month (2.6%). This results in an estimated gross rental yield of 3.6%.
Sold Prices
The most recent sale of 2, Swift Drive, Newark completed on 31st March 2022 at £343,000 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 dropped by 6.3% over the period since March 2022.
- Sold Mar 2022£343,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, Swift Drive, Newark have sold within a radius of 820 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 29th July 2022, was 18, Willows Walk, Newark, NG24 3WU, a freehold house which sold for £384,995.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on Swift Drive, Middlebeck, Newark, NG24, 2, Swift Drive, Newark comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £180k more expensive than the average property across the NG24 district.
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Schools Nearby
- 900mThe Sir Donald Bailey Academy
- 1.0kmJohn Hunt Academy
- 1.5kmThe King's Church of England Primary Academy
- 1.3kmThe Newark Academy
- 1.5kmMagnus Church of England Academy
- 2.1kmThe Suthers School
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Public Transport Nearby
From 2, Swift Drive, Newark, the nearest station is Newark Castle, 3.0 kilometres away.
- 3.0kmNewark Castle
- 3.0kmNewark Northgate
- 6.7kmRolleston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
