3, Mill Lane
3, Mill Lane
Description & Estimates
The public record describes 3, Mill Lane, Newark as a modern house with 1,539 ft2 of internal area, sitting on a 582 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
3, Mill Lane, Newark has an estimated sale value of £420,484 and an estimated rental value of £1,467 per month, assuming reasonable condition and based on the information available.
Mill Lane, Wigsley, Newark, NG23 lies in the borough of Newark and Sherwood, within the NG23 postal district.
Our Data Sources
3, Mill Lane, Newark has no recent1 records in the the Land Registry and a single entry in the EPC database dated June 2017.
We combine this information with public data 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
In very good condition, we estimate 3, Mill Lane, Newark would be worth £441,508, with a potential rental value of £1,541 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £391,050, with a rental value of £1,365 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, Mill Lane, Newark has decreased by £5,622 (1.3%) over the last year. During the same period, its estimated monthly rental value has grown by £31 (2.1%). The property's estimated gross yield is currently 4.2%.
Plot Size
3, Mill Lane, Newark occupies a 582 m2 plot as recorded by HM Land Registry.
All 8 other houses in this postcode have recorded plot sizes, and this one ranks as the 7th largest.
Energy Efficiency
3, Mill Lane, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
3, Mill Lane, Newark last changed hands on 8th July 2002, selling for £165,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
- Sold Jul 2002£165,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 6.0 kilometres of 3, Mill Lane, Newark across the last 2 years.
Most recently, Orchard House, Thorney Road, Newark, NG23 7ER, a freehold house, sold at £475,000 on the 27th May 2022.
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, Mill Lane, Newark as the 8th largest and the 7th most expensive of the 8 addresses on Mill Lane, Wigsley, Newark, NG23.
Against the NG23 postcode district average, it is £51k more expensive than the typical property.
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Schools Nearby
- 2.3kmQueen Eleanor Primary School
- 3.4kmNorth Scarle Primary School
- 3.6kmEagle Community Primary School
- 8.7kmNorth Kesteven Academy
- 9.1kmSir Robert Pattinson Academy
- 9.4kmThe Priory City of Lincoln Academy
More reading links
Public Transport Nearby
Swinderby station is the nearest stop to 3, Mill Lane, Newark at 5.8 kilometres away.
- 5.8kmSwinderby
- 6.1kmSaxilby
- 8.3kmHykeham
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
