48, Pelham Street
48, Pelham Street
Description & Estimates
48, Pelham Street, Newark is recorded publicly as a mid-century freehold house across 667 ft2 of internal area, sitting on a 117 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 48, Pelham Street, Newark is £128,298 and its rental estimate is £772 per month, given the available information and assuming reasonable condition.
Pelham Street, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
48, Pelham Street, Newark has 31 entries in the Land Registry , most recently in July 2016 and a single entry in the EPC database dated November 2015.
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 48, Pelham Street, Newark, we estimate a market value of £134,713 and a rental value of £811 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £119,317 and £718 per month respectively.
Recent Market Change
Over the last year, 48, Pelham Street, Newark has seen its estimated sale value decline by £1,547 (1.2%) and its estimated rental value climb by £18 per month (2.3%). This results in an estimated gross rental yield of 7.2%.
Plot Size
HM Land Registry records the plot of land for 48, Pelham Street, Newark as measuring 117 m2.
That makes it the 18th largest plot in the postcode, where 40 of the 43 other houses have recorded plot data.
Energy Efficiency
48, Pelham Street, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 Nov 2015.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 48, Pelham Street, Newark completed on 22nd July 2016 at £120,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have risen by 55.3% over the period since July 2016.
- Sold Jul 2016£120,000
- Sold Jun 2006£89,000
- Sold Jun 2000£45,600
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 48, Pelham Street, Newark have sold within a radius of 590 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 4th February 2021, was 50, Pelham Street, Newark, NG24 4XD, a freehold house which sold for £122,000.
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 58 addresses on Pelham Street, Newark, NG24, 48, Pelham Street, Newark comes out as the 45th largest and the 44th most expensive in our analysis of the public data.
It is also £84k less expensive than the average property across the NG24 district.
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Schools Nearby
- 200mChrist Church C of E Primary School
- 400mHoly Trinity Catholic Voluntary Academy
- 600mMount CofE Primary School
- 1.0kmMagnus Church of England Academy
- 2.3kmThe Newark Academy
- 4.4kmThe Suthers School
More reading links
Public Transport Nearby
From 48, Pelham Street, Newark, the nearest station is Newark Castle, 700 metres away.
- 700mNewark Castle
- 1.3kmNewark Northgate
- 5.7kmRolleston
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
