3, Lodge Close
3, Lodge Close
Description & Estimates
The public record describes 3, Lodge Close, Newark as a modern house with 1,571 ft2 of internal area.
In this area, houses of this size normally have 4 bedrooms with a garden.
3, Lodge Close, Newark has an estimated sale value of £406,897 and an estimated rental value of £1,507 per month, assuming reasonable condition and based on the information available.
Lodge Close, Long Bennington, Newark, NG23 lies in the borough of South Kesteven, within the NG23 postal district.
Our Data Sources
3, Lodge Close, Newark has no records in the the Land Registry and a single entry in the EPC database dated December 2022.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 3, Lodge Close, Newark would be worth £427,242, with a potential rental value of £1,583 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £378,415, with a rental value of £1,402 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 3, Lodge Close, Newark has declined by £5,441 (1.3%) over the last year. During the same period, its estimated monthly rental value has climbed by £32 (2.1%). The property's estimated gross yield is currently 4.4%.
Energy Efficiency
3, Lodge Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.8 kilometres of 3, Lodge Close, Newark across the last 2 years.
Most recently, 2, Lodge Close, Newark, NG23 5NJ, a freehold house, sold at £472,500 on the 26th July 2024.
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
Our analysis of the public data ranks 3, Lodge Close, Newark as the 5th largest and the 5th most expensive of the 9 addresses on Lodge Close, Long Bennington, Newark, NG23.
Against the NG23 postcode district average, it is £37k more expensive than the typical property.
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Schools Nearby
- 500mLong Bennington Church of England Academy
- 5.0kmThe Claypole Church of England Primary School
- 5.1kmAllington with Sedgebrook Church of England Primary School
- 5.5kmThe Suthers School
- 6.9kmThe Priory Belvoir Academy
- 7.9kmThe Newark Academy
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Public Transport Nearby
Bottesford station is the nearest stop to 3, Lodge Close, Newark at 5.8 kilometres away.
- 5.8kmBottesford
- 7.7kmElton & Orston
- 10.2kmAslockton
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
