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According to the public record, 40, Meldrum Crescent, Newark is a mid-century freehold house with 839 ft2 of internal area and sits on a 263 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 40, Meldrum Crescent, Newark is £149,825 and the estimated rental value is £854 per month.
Meldrum Crescent, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
40, Meldrum Crescent, Newark has a single entry in the Land Registry from February 2024 and a single entry in the EPC database dated August 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 40, Meldrum Crescent, Newark is in very good condition we estimate a sale value of £157,317 and a rental value of £897 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £139,338 and a rental value of £794 per month.
Over the last 12 months the sale value of 40 Meldrum Crescent Newark has decreased by an estimated £1,806 (1.2%) and its rental value has increased by an estimated £20 per month (2.3%), giving an expected gross yield of 6.8%.
According to data from HM Land Registry, 40, Meldrum Crescent, Newark sits on a plot of 263m2.
We have plot size data on 27 out of 37 other houses in the postcode and 40, Meldrum Crescent, Newark sits on the 22nd largest plot.
40, Meldrum Crescent, Newark has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 20 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 40, Meldrum Crescent, Newark was last sold on 6th February 2024 for £160,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2024, the market for similar properties has risen 15.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Meldrum Crescent, Newark within a radius of 570 metres over the last 2 years.
The most recent example is 27, Clarke Avenue, Newark, NG24 4NY, a freehold house which sold for £157,000 on the 7th June 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Meldrum Crescent, Newark, NG24 has a total of 50 addresses. According to our analysis of all the public data, 40, Meldrum Crescent, Newark is the 29th largest and the 35th most expensive property on the street.
When compared to the postcode district it is £62k less expensive than the average property in NG24.
The closest station to 40, Meldrum Crescent, Newark is Newark Castle station which is 2.0 kilometres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 40, Meldrum Crescent, Newark, 28.5% of property is privately owned with a mortgage and 25.7% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 40, Meldrum Crescent, Newark, 19.7% of residents are recorded as possessing school level qualifications and 16.7% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 40, Meldrum Crescent, Newark, the average age was 42 and the most common age was 52.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 40, Meldrum Crescent, Newark, 2.1% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 40, Meldrum Crescent, Newark, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
