4, Cherry Lane
4, Cherry Lane
Description & Estimates
The public record describes 4, Cherry Lane, Newark as a mid-century house with 439 ft2 of internal area.
In this area, houses of this size normally have 2 bedrooms with a garden.
4, Cherry Lane, Newark has an estimated sale value of £139,411 and an estimated rental value of £784 per month, assuming reasonable condition and based on the information available.
Cherry Lane, Stubton, Newark, NG23 lies in the borough of South Kesteven, within the NG23 postal district.
Our Data Sources
4, Cherry Lane, Newark has no records in the the Land Registry and a single entry in the EPC database dated July 2009.
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 4, Cherry Lane, Newark would be worth £146,382, with a potential rental value of £823 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £129,652, with a rental value of £729 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 4, Cherry Lane, Newark has dropped by £1,671 (1.2%) over the last year. During the same period, its estimated monthly rental value has risen by £18 (2.3%). The property's estimated gross yield is currently 6.7%.
Energy Efficiency
4, Cherry Lane, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 14 Jul 2009.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 2 sales of comparable properties within 5.0 kilometres of 4, Cherry Lane, Newark across the last 2 years.
Most recently, 1 Chetwynd Bungalows, Main Street, Newark, NG23 5HX, a freehold house, sold at £120,000 on the 13th 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 4, Cherry Lane, Newark as the 6th largest and the 6th most expensive of the 6 addresses on Cherry Lane, Stubton, Newark, NG23.
Against the NG23 postcode district average, it is £230k less expensive than the typical property.
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Schools Nearby
- 2.2kmThe Claypole Church of England Primary School
- 5.6kmThe Marston Thorold's Charity Church of England School
- 5.9kmLong Bennington Church of England Academy
- 5.3kmThe Suthers School
- 6.9kmThe Newark Academy
- 8.1kmMagnus Church of England Academy
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Public Transport Nearby
Newark Northgate station is the nearest stop to 4, Cherry Lane, Newark at 8.9 kilometres away.
- 8.9kmNewark Northgate
- 9.5kmNewark Castle
- 11.5kmBottesford
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
