49, Spring Lane
49, Spring Lane
Description & Estimates
49, Spring Lane, Newark is recorded publicly as a mid-century freehold house across 602 ft2 of internal area, sitting on a 224 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 49, Spring Lane, Newark is £157,300 and its rental estimate is £787 per month, given the available information and assuming reasonable condition.
Spring Lane, Balderton, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
49, Spring Lane, Newark has a single entry in the Land Registry from December 2011 and a single entry in the EPC database dated November 2013.
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 49, Spring Lane, Newark, we estimate a market value of £165,165 and a rental value of £826 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £146,289 and £732 per month respectively.
Recent Market Change
Over the last year, 49, Spring Lane, Newark has seen its estimated sale value fall by £2,480 (1.6%) and its estimated rental value move up by £15 per month (1.9%). This results in an estimated gross rental yield of 6.0%.
Plot Size
HM Land Registry records the plot of land for 49, Spring Lane, Newark as measuring 224 m2.
That makes it the 22nd largest plot in the postcode, where 29 of the 46 other houses have recorded plot data.
Energy Efficiency
49, Spring Lane, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Nov 2013.
The property is not 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 49, Spring Lane, Newark completed on 2nd December 2011 at £88,000 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 42.9% over the period since December 2011.
- Sold Dec 2011£88,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 49, Spring Lane, Newark have sold within a radius of 740 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th December 2023, was 31, Spring Lane, Newark, NG24 3NZ, a freehold house which sold for £150,000.
Read more about house prices in NG24.
- Sold Dec 2023£150,000 | 3 Bed House31, Spring Lane, Newark, NG24 3NZ31, Spring Lane, Newark, NG24 3NZ
- Sold Nov 2023£182,000 | 3 Bed House33, Spring Lane, Newark, NG24 3NZ33, Spring Lane, Newark, NG24 3NZ
- Sold Aug 2022£151,000 | 3 Bed House41, Spring Lane, Newark, NG24 3NZ41, Spring Lane, Newark, NG24 3NZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 46 addresses on Spring Lane, Balderton, Newark, NG24, 49, Spring Lane, Newark comes out as the 45th largest and the 45th most expensive in our analysis of the public data.
It is also £55k less expensive than the average property across the NG24 district.
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
From 49, Spring Lane, Newark, the nearest station is Newark Northgate, 3.6 kilometres away.
- 3.6kmNewark Northgate
- 4.0kmNewark Castle
- 8.7kmRolleston
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.
