47, Spring Lane
47, Spring Lane
Description & Estimates
According to the public record, 47, Spring Lane, Newark is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 837 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 47, Spring Lane, Newark is £189,535 and the estimated rental value is £932 per month.
Spring Lane, Balderton, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
Our Data Sources
47, Spring Lane, Newark has a single entry in the Land Registry from June 2010 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
Price Range & Condition
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 47, Spring Lane, Newark is in very good condition we estimate a sale value of £199,011 and a rental value of £978 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £176,267 and a rental value of £866 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 47, Spring Lane, Newark has moved down by £2,285 (1.2%), while its estimated rental value has increased by £21 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 5.9%.
Sold Prices
According to HM Land Registry, 47, Spring Lane, Newark was last sold on 11th June 2010 for £105,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since June 2010, the market for similar properties has risen by 36.8%.
- Sold Jun 2010£105,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Spring Lane, Newark within a radius of 720 metres over the last 2 years.
The most recent example is 18, Alvey Road, Newark, NG24 3PE, a freehold house which sold for £210,000 on the 7th March 2025.
Read more about house prices in NG24.
- Sold Mar 2025£210,000 | 3 Bed House18, Alvey Road, Newark, NG24 3PE18, Alvey Road, Newark, NG24 3PE
- Sold Feb 2025£195,000 | 3 Bed House3, Spring Lane, Newark, NG24 3NZ3, Spring Lane, Newark, NG24 3NZ
- Sold Jan 2020£149,000 | 3 Bed House13, Spring Lane, Newark, NG24 3NZ13, Spring Lane, Newark, NG24 3NZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Spring Lane, Balderton, Newark, NG24 has a total of 46 addresses. According to our analysis of all the public data, 47, Spring Lane, Newark is the 24th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £22k less expensive than the average property in NG24.
More reading links
Schools Nearby
- 500mChuter Ede Primary School
- 1.2kmJohn Hunt Academy
- 2.5kmBarnby Road Academy Primary and Nursery school
- 1.3kmThe Newark Academy
- 1.6kmThe Suthers School
- 2.6kmMagnus Church of England Academy
More reading links
Public Transport Nearby
The closest station to 47, Spring Lane, Newark is Newark Northgate station, which is 3.6 kilometres away.
- 3.6kmNewark Northgate
- 4.0kmNewark Castle
- 8.7kmRolleston
Available Internet Speeds
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.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
