5, Lace Mead
5, Lace Mead
Description & Estimates
5, Lace Mead, Newark is recorded publicly as a modern freehold house across 1,011 ft2 of internal area, sitting on a 185 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 5, Lace Mead, Newark is £242,538 and its rental estimate is £1,020 per month, given the available information and assuming reasonable condition.
Lace Mead, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
5, Lace Mead, Newark has a single entry in the Land Registry from September 2021 and a single entry in the EPC database dated September 2021.
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, Lace Mead, Newark, we estimate a market value of £254,665 and a rental value of £1,071 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £225,561 and £949 per month respectively.
Recent Market Change
Over the last year, 5, Lace Mead, Newark has seen its estimated sale value decline by £2,924 (1.2%) and its estimated rental value climb by £23 per month (2.3%). This results in an estimated gross rental yield of 5.0%.
Plot Size
HM Land Registry records the plot of land for 5, Lace Mead, Newark as measuring 185 m2.
That makes it the 2nd largest plot in the postcode, where 2 of the 8 other houses have recorded plot data.
Energy Efficiency
5, Lace Mead, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 13 Sep 2021.
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 5, Lace Mead, Newark completed on 30th September 2021 at £242,995 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 5.7% over the period since September 2021.
- Sold Sep 2021£242,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 5, Lace Mead, Newark have sold within a radius of 970 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st July 2025, was 2, Lace Mead, Newark, NG24 3WY, a freehold house which sold for £237,000.
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 8 addresses on Lace Mead, Newark, NG24, 5, Lace Mead, Newark comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £31k more expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 1.0kmThe Sir Donald Bailey Academy
- 1.2kmJohn Hunt Academy
- 1.7kmThe King's Church of England Primary Academy
- 1.5kmThe Newark Academy
- 1.8kmMagnus Church of England Academy
- 2.1kmThe Suthers School
More reading links
Public Transport Nearby
From 5, Lace Mead, Newark, the nearest station is Newark Castle, 3.2 kilometres away.
- 3.2kmNewark Castle
- 3.3kmNewark Northgate
- 6.7kmRolleston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
