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According to the public record, 5, Mount Lane, Newark is a mid-century Leasehold apartment with 322 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 5, Mount Lane, Newark is £106,695 and the estimated rental value is £529 per month.
Mount Lane, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
5, Mount Lane, Newark has 21 entries in the Land Registry , most recently in September 2024 and a single entry in the EPC database dated May 2019.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low accuracy.
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 5, Mount Lane, Newark is in very good condition we estimate a sale value of £112,030 and a rental value of £555 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £99,226 and a rental value of £492 per month.
Over the last 12 months the sale value of 5 Mount Lane Newark has decreased by an estimated £238 (0.2%) and its rental value has increased by an estimated £17 per month (3.3%), giving an expected gross yield of 5.9%.
5, Mount Lane, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 May 2019.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 5, Mount Lane, Newark was last sold on 10th September 2024 for £110,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since September 2024, the market for similar properties has risen 2.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5, Mount Lane, Newark within a radius of 490 metres over the last 2 years.
The most recent example is 3, Middle Gate, Newark, NG24 1AG, a leasehold flat which sold for £218,000 on the 30th January 2025.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mount Lane, Newark, NG24 has a total of 19 addresses. According to our analysis of all the public data, 5, Mount Lane, Newark is the 19th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £105k less expensive than the average property in NG24.
The closest station to 5, Mount Lane, Newark is Newark Castle station which is 500 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 5, Mount Lane, Newark, 68.2% of property is privately rented and 15.1% is privately owned outright.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 5, Mount Lane, Newark, 9.9% of residents are recorded as possessing school level qualifications and 30.6% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 5, Mount Lane, Newark, the average age was 39.6 and the most common age was 32.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 5, Mount Lane, Newark, 1.7% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 5, Mount Lane, Newark, there are an average of 0.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
