2, The Oaklands
2, The Oaklands
Description & Estimates
2, The Oaklands, Newark is recorded publicly as a mid-century freehold house across 1,227 ft2 of internal area, sitting on a 341 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 2, The Oaklands, Newark is £317,261 and its rental estimate is £1,404 per month, given the available information and assuming reasonable condition.
The Oaklands, Collingham, Newark, NG23 falls within the NG23 postal district, in the borough of Newark and Sherwood.
Our Data Sources
2, The Oaklands, Newark has 31 entries in the Land Registry , most recently in September 2022 and a single entry in the EPC database dated July 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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, The Oaklands, Newark, we estimate a market value of £333,124 and a rental value of £1,474 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £295,053 and £1,305 per month respectively.
Recent Market Change
Over the last year, 2, The Oaklands, Newark has seen its estimated sale value fall by £3,065 (1.0%) and its estimated rental value move up by £32 per month (2.3%). This results in an estimated gross rental yield of 5.3%.
Plot Size
HM Land Registry records the plot of land for 2, The Oaklands, Newark as measuring 341 m2.
That makes it the 4th largest plot in the postcode, where 12 of the 17 other houses have recorded plot data.
Energy Efficiency
2, The Oaklands, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 05 Jul 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 2, The Oaklands, Newark completed on 20th September 2022 at £300,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 1.6% over the period since September 2022.
- Sold Sep 2022£300,000
- Sold Jan 2017£210,000
- Sold Sep 1999£72,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 2, The Oaklands, Newark have sold within a radius of 3.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st November 2024, was 18, The Oaklands, Newark, NG23 7RG, a freehold house which sold for £350,000.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 17 addresses on The Oaklands, Collingham, Newark, NG23, 2, The Oaklands, Newark comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £52k less expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 400mJohn Blow Primary School
- 4.2kmSwinderby All Saints Church of England Primary School
- 4.4kmMuskham Primary School
- 8.9kmMagnus Church of England Academy
- 9.2kmThe Newark Academy
- 11.5kmThe Suthers School
More reading links
Public Transport Nearby
From 2, The Oaklands, Newark, the nearest station is Collingham, 600 metres away.
- 600mCollingham
- 4.7kmSwinderby
- 7.4kmNewark Northgate
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.
