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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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3, Fortune Close, Newark is recorded publicly as a modern freehold house across 1,291 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 3, Fortune Close, Newark is £287,708 and its rental estimate is £1,286 per month, given the available information and assuming reasonable condition.
Fortune Close, Kneesall, Newark, NG22 falls within the NG22 postal district, in the borough of Newark and Sherwood.
3, Fortune Close, Newark has a single entry in the Land Registry from June 2024 and a single entry in the EPC database dated November 2023.
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.
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, Fortune Close, Newark, we estimate a market value of £302,093 and a rental value of £1,350 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £267,568 and £1,196 per month respectively.
Over the last year, 3, Fortune Close, Newark has seen its estimated sale value move down by £6,494 (2.3%) and its estimated rental value increase by £22 per month (1.7%). This results in an estimated gross rental yield of 5.4%.
3, Fortune Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 10 Nov 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
The most recent sale of 3, Fortune Close, Newark completed on 21st June 2024 at £290,000 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 25.2% over the period since June 2024.
Over the past 2 years 3 properties similar to 3, Fortune Close, Newark have sold within a radius of 5.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th June 2024, was 2, Fortune Close, Newark, NG22 0FG, a freehold house which sold for £300,000.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 4 addresses on Fortune Close, Kneesall, Newark, NG22, 3, Fortune Close, Newark comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £42k more expensive than the average property across the NG22 district.
From 3, Fortune Close, Newark, the nearest station is Rolleston, 11.9 kilometres away.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, Fortune Close, Newark, 44.2% of property is privately owned outright and 29.5% 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, Fortune Close, Newark, 23.0% of residents are recorded as possessing school level qualifications and 39.9% 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, Fortune 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, Fortune Close, Newark, 0.9% 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, Fortune Close, Newark, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
