3, Spring Drive
3, Spring Drive
Description & Estimates
The public record describes 3, Spring Drive, Newark as an early-century house with 925 ft2 of internal area, sitting on a 395 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
3, Spring Drive, Newark has an estimated sale value of £252,670 and an estimated rental value of £957 per month, assuming reasonable condition and based on the information available.
Spring Drive, Fernwood, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
3, Spring Drive, Newark has no recent1 records in the the Land Registry and a single entry in the EPC database dated June 2012.
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, Spring Drive, Newark would be worth £265,304, with a potential rental value of £1,005 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £234,983, with a rental value of £890 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, Spring Drive, Newark has fallen by £3,047 (1.2%) over the last year. During the same period, its estimated monthly rental value has moved up by £22 (2.3%). The property's estimated gross yield is currently 4.5%.
Plot Size
3, Spring Drive, Newark occupies a 395 m2 plot as recorded by HM Land Registry.
All 6 other houses in this postcode have recorded plot sizes, and this one ranks as the 4th largest.
Energy Efficiency
3, Spring Drive, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 15 Jun 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
3, Spring Drive, Newark last changed hands on 14th January 2000, selling for £57,500. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
- Sold Jan 2000£57,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 860 metres of 3, Spring Drive, Newark across the last 2 years.
Most recently, 22, Whittle Way, Newark, NG24 3XG, a freehold house, sold at £235,000 on the 8th September 2023.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks 3, Spring Drive, Newark as the 5th largest and the 5th most expensive of the 6 addresses on Spring Drive, Fernwood, Newark, NG24.
Against the NG24 postcode district average, it is £41k more expensive than the typical property.
More reading links
Schools Nearby
- 1.3kmChuter Ede Primary School
- 2.0kmJohn Hunt Academy
- 2.7kmThe Claypole Church of England Primary School
- 1.0kmThe Suthers School
- 2.2kmThe Newark Academy
- 3.4kmMagnus Church of England Academy
More reading links
Public Transport Nearby
Newark Northgate station is the nearest stop to 3, Spring Drive, Newark at 4.5 kilometres away.
- 4.5kmNewark Northgate
- 4.8kmNewark Castle
- 9.2kmRolleston
Available Internet Speeds
Ofcom's latest figures show poor internet coverage in this area, which may mean weak or no connectivity.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
