3, Cherry Lane
3, Cherry Lane
Description & Estimates
3, Cherry Lane, Newark is recorded publicly as a modern freehold house across 495 ft2 of internal area, sitting on a 175 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 3, Cherry Lane, Newark is £148,458 and its rental estimate is £834 per month, given the available information and assuming reasonable condition.
Cherry Lane, Stubton, Newark, NG23 falls within the NG23 postal district, in the borough of South Kesteven.
Our Data Sources
3, Cherry Lane, Newark has 2 entries in the Land Registry , most recently in March 2019 and a single entry in the EPC database dated February 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.
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 3, Cherry Lane, Newark, we estimate a market value of £155,881 and a rental value of £876 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £138,066 and £776 per month respectively.
Recent Market Change
Over the last year, 3, Cherry Lane, Newark has seen its estimated sale value move down by £1,780 (1.2%) and its estimated rental value increase by £19 per month (2.3%). This results in an estimated gross rental yield of 6.7%.
Plot Size
HM Land Registry records the plot of land for 3, Cherry Lane, Newark as measuring 175 m2.
That makes it the 2nd largest plot in the postcode, where 2 of the 6 other houses have recorded plot data.
Energy Efficiency
3, Cherry Lane, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 16 Feb 2021.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 3, Cherry Lane, Newark completed on 27th March 2019 at £118,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 23.1% over the period since March 2019.
- Sold Mar 2019£118,000
- Sold Nov 2010£97,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Cherry Lane, Newark have sold within a radius of 5.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th May 2024, was 10, Barnby Lane, Newark, NG23 5BD, a freehold house which sold for £183,000.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on Cherry Lane, Stubton, Newark, NG23, 3, Cherry Lane, Newark comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £221k less expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 2.2kmThe Claypole Church of England Primary School
- 5.6kmThe Marston Thorold's Charity Church of England School
- 5.9kmLong Bennington Church of England Academy
- 5.3kmThe Suthers School
- 6.9kmThe Newark Academy
- 8.1kmMagnus Church of England Academy
More reading links
Public Transport Nearby
From 3, Cherry Lane, Newark, the nearest station is Newark Northgate, 8.9 kilometres away.
- 8.9kmNewark Northgate
- 9.5kmNewark Castle
- 11.5kmBottesford
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
