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According to the public record, 41, Colliery Way, Newark is a modern freehold house with 1,044 ft2 of internal area.
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 41, Colliery Way, Newark is £245,665 and the estimated rental value is £1,183 per month.
Colliery Way, Bilsthorpe, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
41, Colliery Way, Newark has a single entry in the Land Registry from October 2023 and a single entry in the EPC database dated September 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 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 41, Colliery Way, Newark is in very good condition we estimate a sale value of £257,948 and a rental value of £1,242 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £228,468 and a rental value of £1,100 per month.
Over the past 12 months, the estimated sale value of 41, Colliery Way, Newark has fallen by £2,137 (0.9%), while its estimated rental value has moved up by £38 per month (3.2%). Based on current estimates, the property offers a gross rental yield of 5.8%.
41, Colliery Way, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 25 Sep 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 41, Colliery Way, Newark was last sold on 20th October 2023 for £229,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2023, the market for similar properties has risen by 42.0%.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 41, Colliery Way, Newark within a radius of 2.2 kilometres over the last 2 years.
The most recent example is 2, Miners Close, Newark, NG22 8GH, a freehold house which sold for £229,995 on the 26th April 2024.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colliery Way, Bilsthorpe, Newark, NG22 has a total of 47 addresses. According to our analysis of all the public data, 41, Colliery Way, Newark is the 12th largest and the 15th most expensive property on the street.
When compared to the postcode district it is £439 less expensive than the average property in NG22.
The closest station to 41, Colliery Way, Newark is Mansfield station, which is 11.2 kilometres away.
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 41, Colliery Way, Newark, 39.2% of property is privately owned outright and 36.6% is privately owned with a mortgage.
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 41, Colliery Way, Newark, 20.3% of residents are recorded as possessing school level qualifications and 19.6% 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 41, Colliery Way, Newark, the average age was 45.1 and the most common age was 57.
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 41, Colliery Way, Newark, 0.0% 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 41, Colliery Way, Newark, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
