3, The Spinney
3, The Spinney
Description & Estimates
3, The Spinney, Newark is recorded publicly as a mid-century freehold house across 2,098 ft2 of internal area, sitting on a 1,080 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, The Spinney, Newark is £515,736 and its rental estimate is £1,720 per month, given the available information and assuming reasonable condition.
The Spinney, Elston, Newark, NG23 falls within the NG23 postal district, in the borough of Newark and Sherwood.
Our Data Sources
3, The Spinney, Newark has 2 entries in the Land Registry , most recently in September 2024 and a single entry in the EPC database dated June 2024.
We combine this information with that 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
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, The Spinney, Newark, we estimate a market value of £541,523 and a rental value of £1,806 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £479,635 and £1,599 per month respectively.
Recent Market Change
Over the last year, 3, The Spinney, Newark has seen its estimated sale value decrease by £9,591 (1.9%) and its estimated rental value grow by £23 per month (1.4%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 3, The Spinney, Newark as measuring 1,080 m2.
That makes it the 5th largest plot in the postcode, where 19 of the 24 other houses have recorded plot data.
Energy Efficiency
3, The Spinney, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 03 Jun 2024.
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, The Spinney, Newark completed on 16th September 2024 at £500,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 7.2% over the period since September 2024.
- Sold Sep 2024£500,000
- Sold Jan 2012£332,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, The Spinney, Newark have sold within a radius of 4.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th June 2024, was 2, Chapel Farm Close, Newark, NG23 5PW, a freehold house which sold for £665,000.
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 24 addresses on The Spinney, Elston, Newark, NG23, 3, The Spinney, Newark comes out as the 3rd largest and the most expensive in our analysis of the public data.
It is also £146k more expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 200mAll Saints Anglican/Methodist Primary School
- 2.7kmFlintham Primary School
- 4.5kmSt Peter's Crosskeys CofE Academy
- 6.6kmThe Suthers School
- 6.6kmMagnus Church of England Academy
- 7.0kmThe Newark Academy
More reading links
Public Transport Nearby
From 3, The Spinney, Newark, the nearest station is Fiskerton, 4.8 kilometres away.
- 4.8kmFiskerton
- 4.9kmRolleston
- 5.1kmBleasby
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
