3, Lace Mead
3, Lace Mead
Description & Estimates
According to the public record, 3, Lace Mead, Newark is a modern freehold house with 1,011 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 3, Lace Mead, Newark is £242,538 and the estimated rental value is £1,020 per month.
Lace Mead, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
Our Data Sources
3, Lace Mead, Newark has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated September 2021.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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, Lace Mead, Newark is in very good condition we estimate a sale value of £254,665 and a rental value of £1,071 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £225,561 and a rental value of £949 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3, Lace Mead, Newark has declined by £2,924 (1.2%), while its estimated rental value has climbed by £23 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 5.0%.
Energy Efficiency
3, Lace Mead, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Sep 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 3, Lace Mead, Newark was last sold on 30th September 2021 for £242,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since September 2021, the market for similar properties has risen by 5.7%.
- Sold Sep 2021£242,500
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Lace Mead, Newark within a radius of 960 metres over the last 2 years.
The most recent example is 2, Lace Mead, Newark, NG24 3WY, a freehold house which sold for £237,000 on the 1st July 2025.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Lace Mead, Newark, NG24 has a total of 8 addresses. According to our analysis of all the public data, 3, Lace Mead, Newark is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £31k more expensive than the average property in NG24.
More reading links
Schools Nearby
- 1.0kmThe Sir Donald Bailey Academy
- 1.2kmJohn Hunt Academy
- 1.7kmThe King's Church of England Primary Academy
- 1.5kmThe Newark Academy
- 1.8kmMagnus Church of England Academy
- 2.1kmThe Suthers School
More reading links
Public Transport Nearby
The closest station to 3, Lace Mead, Newark is Newark Castle station, which is 3.2 kilometres away.
- 3.2kmNewark Castle
- 3.3kmNewark Northgate
- 6.7kmRolleston
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
