50, Lily Lane
50, Lily Lane
Description & Estimates
50, Lily Lane, Newark is recorded publicly as a modern leasehold house across 1,506 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 50, Lily Lane, Newark is £309,488 and its rental estimate is £1,167 per month, given the available information and assuming reasonable condition.
Lily Lane, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
50, Lily Lane, Newark has a single entry in the Land Registry from September 2017 and a single entry in the EPC database dated September 2017.
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 50, Lily Lane, Newark, we estimate a market value of £324,963 and a rental value of £1,226 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £287,824 and £1,086 per month respectively.
Recent Market Change
Over the last year, 50, Lily Lane, Newark has seen its estimated sale value fall by £2,771 (0.9%) and its estimated rental value move up by £30 per month (2.6%). This results in an estimated gross rental yield of 4.5%.
Energy Efficiency
50, Lily Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 14 Sep 2017.
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 50, Lily Lane, Newark completed on 29th September 2017 at £269,995 and was recorded by HM Land Registry as a leasehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 8.6% over the period since September 2017.
- Sold Sep 2017£269,995
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 50, Lily Lane, Newark have sold within a radius of 1.1 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th November 2024, was 4, Gerbera Drive, Newark, NG24 2RN, a freehold house which sold for £320,000.
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 54 addresses on Lily Lane, Newark, NG24, 50, Lily Lane, Newark comes out as the 4th largest and the 3rd most expensive in our analysis of the public data.
It is also £98k more expensive than the average property across the NG24 district.
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Schools Nearby
- 1.2kmCoddington CofE Primary and Nursery School
- 1.4kmBarnby Road Academy Primary and Nursery school
- 1.7kmLovers Lane Primary and Nursery School
- 1.9kmThe Newark Academy
- 2.0kmMagnus Church of England Academy
- 4.1kmThe Suthers School
More reading links
Public Transport Nearby
From 50, Lily Lane, Newark, the nearest station is Newark Northgate, 1.5 kilometres away.
- 1.5kmNewark Northgate
- 2.4kmNewark Castle
- 7.5kmCollingham
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
