42, Lily Lane
42, Lily Lane
Description & Estimates
42, Lily Lane, Newark is recorded publicly as a modern freehold house across 1,237 ft2 of internal area, sitting on a 323 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 42, Lily Lane, Newark is £279,819 and its rental estimate is £1,122 per month, given the available information and assuming reasonable condition.
Lily Lane, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
42, Lily Lane, Newark has a single entry in the Land Registry from December 2016 and a single entry in the EPC database dated November 2016.
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.
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 42, Lily Lane, Newark, we estimate a market value of £293,810 and a rental value of £1,178 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £260,232 and £1,043 per month respectively.
Recent Market Change
Over the last year, 42, Lily Lane, Newark has seen its estimated sale value drop by £2,505 (0.9%) and its estimated rental value rise by £29 per month (2.6%). This results in an estimated gross rental yield of 4.8%.
Plot Size
HM Land Registry records the plot of land for 42, Lily Lane, Newark as measuring 323 m2.
That makes it the 3rd largest plot in the postcode, where 14 of the 35 other houses have recorded plot data.
Energy Efficiency
42, Lily Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 01 Nov 2016.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 42, Lily Lane, Newark completed on 16th December 2016 at £257,070 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 13.5% over the period since December 2016.
- Sold Dec 2016£257,070
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 42, Lily Lane, Newark have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th June 2022, was 52, Lily Lane, Newark, NG24 2RH, a freehold house which sold for £295,000.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 54 addresses on Lily Lane, Newark, NG24, 42, Lily Lane, Newark comes out as the 13th largest and the 13th most expensive in our analysis of the public data.
It is also £68k more expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 1.2kmCoddington CofE Primary and Nursery School
- 1.4kmBarnby Road Academy Primary and Nursery school
- 1.7kmLovers Lane Primary and Nursery School
- 1.9kmThe Newark Academy
- 2.0kmMagnus Church of England Academy
- 4.1kmThe Suthers School
More reading links
Public Transport Nearby
From 42, Lily Lane, Newark, the nearest station is Newark Northgate, 1.5 kilometres away.
- 1.5kmNewark Northgate
- 2.4kmNewark Castle
- 7.5kmCollingham
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
