3, Oaklands Close
3, Oaklands Close
Description & Estimates
3, Oaklands Close, Newark is recorded publicly as a modern freehold house across 888 ft2 of internal area, sitting on a 963 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, Oaklands Close, Newark is £386,432 and its rental estimate is £1,161 per month, given the available information and assuming reasonable condition.
Oaklands Close, Collingham, Newark, NG23 falls within the NG23 postal district, in the borough of Newark and Sherwood.
Our Data Sources
3, Oaklands Close, Newark has 2 entries in the Land Registry , most recently in October 2010 and a single entry in the EPC database dated June 2010.
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
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, Oaklands Close, Newark, we estimate a market value of £405,753 and a rental value of £1,219 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £359,381 and £1,079 per month respectively.
Recent Market Change
Over the last year, 3, Oaklands Close, Newark has seen its estimated sale value fall by £3,734 (1.0%) and its estimated rental value move up by £27 per month (2.3%). This results in an estimated gross rental yield of 3.6%.
Plot Size
HM Land Registry records the plot of land for 3, Oaklands Close, Newark as measuring 963 m2.
That makes it the largest plot in the postcode, where all 5 other houses have recorded plot data.
Energy Efficiency
3, Oaklands Close, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Jun 2010.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 3, Oaklands Close, Newark completed on 4th October 2010 at £245,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 63.3% over the period since October 2010.
- Sold Oct 2010£245,000
- Sold Jul 2009£214,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Oaklands Close, Newark have sold within a radius of 3.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 13th December 2024, was 1, Primrose Close, Newark, NG23 7EY, a freehold house which sold for £330,000.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 5 addresses on Oaklands Close, Collingham, Newark, NG23, 3, Oaklands Close, Newark comes out as the 5th largest and the 3rd most expensive in our analysis of the public data.
It is also £17k more expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 400mJohn Blow Primary School
- 4.2kmSwinderby All Saints Church of England Primary School
- 4.4kmMuskham Primary School
- 8.8kmMagnus Church of England Academy
- 9.2kmThe Newark Academy
- 11.4kmThe Suthers School
More reading links
Public Transport Nearby
From 3, Oaklands Close, Newark, the nearest station is Collingham, 600 metres away.
- 600mCollingham
- 4.8kmSwinderby
- 7.4kmNewark Northgate
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
