5, Gainsborough Drive
5, Gainsborough Drive
Description & Estimates
5, Gainsborough Drive, Newark is recorded publicly as an early-century freehold house across 1,056 ft2 of internal area, sitting on a 311 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Gainsborough Drive, Newark is £195,094 and its rental estimate is £993 per month, given the available information and assuming reasonable condition.
Gainsborough Drive, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
5, Gainsborough Drive, Newark has 51 entries in the Land Registry , most recently in June 2017 and a single entry in the EPC database dated July 2010.
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 5, Gainsborough Drive, Newark, we estimate a market value of £204,848 and a rental value of £1,042 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £181,437 and £923 per month respectively.
Recent Market Change
Over the last year, 5, Gainsborough Drive, Newark has seen its estimated sale value decrease by £2,352 (1.2%) and its estimated rental value grow by £23 per month (2.3%). This results in an estimated gross rental yield of 6.1%.
Plot Size
HM Land Registry records the plot of land for 5, Gainsborough Drive, Newark as measuring 311 m2.
That makes it the 3rd largest plot in the postcode, where 36 of the 45 other houses have recorded plot data.
Energy Efficiency
5, Gainsborough Drive, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Jul 2010.
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 5, Gainsborough Drive, Newark completed on 27th June 2017 at £142,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 5 times.
Values of comparable properties have risen by 34.8% over the period since June 2017.
- Sold Jun 2017£142,500
- Sold Mar 2016£133,000
- Sold Jan 2014£124,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Gainsborough Drive, Newark have sold within a radius of 850 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th March 2025, was 1, Park Crescent, Newark, NG24 2BY, a freehold house which sold for £160,000.
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 45 addresses on Gainsborough Drive, Newark, NG24, 5, Gainsborough Drive, Newark comes out as the 2nd largest and the 4th most expensive in our analysis of the public data.
It is also £17k less expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 400mBishop Alexander L.E.A.D. Academy
- 1.2kmLovers Lane Primary and Nursery School
- 1.6kmMount CofE Primary School
- 2.4kmMagnus Church of England Academy
- 3.1kmThe Newark Academy
- 5.5kmThe Suthers School
More reading links
Public Transport Nearby
From 5, Gainsborough Drive, Newark, the nearest station is Newark Northgate, 1.0 kilometres away.
- 1.0kmNewark Northgate
- 1.7kmNewark Castle
- 6.7kmCollingham
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
