3, Midland Terrace
3, Midland Terrace
Description & Estimates
According to the public record, 3, Midland Terrace, Newark is a period leasehold house with 968 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, Midland Terrace, Newark is £59,756 and the estimated rental value is £342 per month.
Midland Terrace, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
Our Data Sources
3, Midland Terrace, Newark has 31 entries in the Land Registry , most recently in September 2007 and a single entry in the EPC database dated February 2022.
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
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, Midland Terrace, Newark is in very good condition we estimate a sale value of £62,744 and a rental value of £359 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £55,573 and a rental value of £318 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 3, Midland Terrace, Newark has declined by £720 (1.2%), while its estimated rental value has climbed by £8 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 6.9%.
Energy Efficiency
3, Midland Terrace, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Feb 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
According to HM Land Registry, 3, Midland Terrace, Newark was last sold on 14th September 2007 for £122,000 and was recorded as a leasehold house.
The property has had 3 sales since 1995.
Since September 2007, the market for similar properties has risen by 60.7%.
- Sold Sep 2007£122,000
- Sold Jun 2003£66,000
- Sold Dec 2001£44,000
Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 property sales within 770 metres of 3, Midland Terrace, Newark over the last 2 years.
The most recent example is 2, Midland Terrace, Newark, NG24 1BT, a freehold house which sold for £82,500 on the 28th February 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Midland Terrace, Newark, NG24 has a total of 4 addresses. According to our analysis of all the public data, 3, Midland Terrace, Newark is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £152k less expensive than the average property in NG24.
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Schools Nearby
- 500mMount CofE Primary School
- 700mLovers Lane Primary and Nursery School
- 800mChrist Church C of E Primary School
- 1.5kmMagnus Church of England Academy
- 2.7kmThe Newark Academy
- 5.0kmThe Suthers School
More reading links
Public Transport Nearby
The closest station to 3, Midland Terrace, Newark is Newark Castle station, which is 100 metres away.
- 100mNewark Castle
- 1.0kmNewark Northgate
- 5.9kmRolleston
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be low.
