4, Welbournes Close
4, Welbournes Close
Description & Estimates
4, Welbournes Close, Newark is recorded publicly as an early-century freehold house across 882 ft2 of internal area, sitting on a 136 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 4, Welbournes Close, Newark is £176,693 and its rental estimate is £1,030 per month, given the available information and assuming reasonable condition.
Welbournes Close, Long Bennington, Newark, NG23 falls within the NG23 postal district, in the borough of South Kesteven.
Our Data Sources
4, Welbournes Close, Newark has 2 entries in the Land Registry , most recently in February 2021 and a single entry in the EPC database dated February 2016.
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 4, Welbournes Close, Newark, we estimate a market value of £185,527 and a rental value of £1,082 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £164,324 and £958 per month respectively.
Recent Market Change
Over the last year, 4, Welbournes Close, Newark has seen its estimated sale value decrease by £1,707 (1.0%) and its estimated rental value grow by £24 per month (2.3%). This results in an estimated gross rental yield of 7.0%.
Plot Size
HM Land Registry records the plot of land for 4, Welbournes Close, Newark as measuring 136 m2.
That makes it the 7th largest plot in the postcode, where all 8 other houses have recorded plot data.
Energy Efficiency
4, Welbournes Close, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 24 Feb 2016.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Electric storage heaters, Room heaters, dual fuel (mineral and wood).
Sold Prices
The most recent sale of 4, Welbournes Close, Newark completed on 12th February 2021 at £170,000 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 16.7% over the period since February 2021.
- Sold Feb 2021£170,000
- Sold Mar 2016£95,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 4, Welbournes Close, Newark have sold within a radius of 4.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th September 2022, was 6, Welbournes Close, Newark, NG23 5DR, a freehold house which sold for £163,000.
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 8 addresses on Welbournes Close, Long Bennington, Newark, NG23, 4, Welbournes Close, Newark comes out as the 4th largest and the 6th most expensive in our analysis of the public data.
It is also £193k less expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 900mLong Bennington Church of England Academy
- 4.2kmThe Claypole Church of England Primary School
- 5.4kmAllington with Sedgebrook Church of England Primary School
- 5.0kmThe Suthers School
- 7.5kmThe Newark Academy
- 7.6kmThe Priory Belvoir Academy
More reading links
Public Transport Nearby
From 4, Welbournes Close, Newark, the nearest station is Bottesford, 6.5 kilometres away.
- 6.5kmBottesford
- 8.4kmElton & Orston
- 9.8kmNewark Northgate
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.
