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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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According to the public record, 3, Chestnut Close, Newark is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 2,237 ft2 of internal area and sits on a 4,063 m2 plot and a garden.
Houses of this size in this area normally have 5 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Chestnut Close, Newark is £505,827 and the estimated rental value is £1,828 per month.
Chestnut Close, Weston, Newark, NG23 is located in the borough of Newark and Sherwood within the NG23 postal district.
3, Chestnut Close, Newark has 21 entries in the Land Registry , most recently in November 2007 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.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 3, Chestnut Close, Newark is in very good condition we estimate a sale value of £531,118 and a rental value of £1,920 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £470,419 and a rental value of £1,700 per month.
Over the last 12 months the sale value of 3 Chestnut Close Newark has decreased by an estimated £9,407 (1.9%) and its rental value has increased by an estimated £25 per month (1.4%), giving an expected gross yield of 4.3%.
According to data from HM Land Registry, 3, Chestnut Close, Newark sits on a plot of 4063m2.
We have plot size data on 4 out of 5 other houses in the postcode and 3, Chestnut Close, Newark sits on the largest plot.
According to HM Land Registry, 3, Chestnut Close, Newark was last sold on 23rd November 2007 for £395,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since November 2007, the market for similar properties has risen 57.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Chestnut Close, Newark within a radius of 4.5 kilometres over the last 2 years.
The most recent example is Colley House, Colley Lane, Newark, NG23 6SX, a freehold house which sold for £450,000 on the 22nd August 2022.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Chestnut Close, Weston, Newark, NG23 has a total of 5 addresses. According to our analysis of all the public data, 3, Chestnut Close, Newark is the largest and the most expensive property on the street.
When compared to the postcode district it is £136k more expensive than the average property in NG23.
The closest station to 3, Chestnut Close, Newark is Collingham station which is 9.0 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Chestnut Close, Newark, 51.8% of property is privately owned outright and 32.7% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, Chestnut Close, Newark, 10.7% of residents are recorded as possessing school level qualifications and 32.9% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, Chestnut Close, Newark, the average age was 48.3 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, Chestnut Close, Newark, 0.8% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, Chestnut Close, Newark, there are an average of 1.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
