56, Mercia Road
56, Mercia Road
Description & Estimates
According to the public record, 56, Mercia Road, Newark is an early-century freehold house with 981 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 56, Mercia Road, Newark is £160,862 and the estimated rental value is £904 per month.
Mercia Road, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
Our Data Sources
56, Mercia Road, Newark has a single entry in the Land Registry from February 2011 and a single entry in the EPC database dated September 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
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 56, Mercia Road, Newark is in very good condition we estimate a sale value of £168,905 and a rental value of £949 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £149,601 and a rental value of £841 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 56, Mercia Road, Newark has decreased by £1,940 (1.2%), while its estimated rental value has grown by £21 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 6.7%.
Energy Efficiency
56, Mercia Road, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Sep 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
According to HM Land Registry, 56, Mercia Road, Newark was last sold on 11th February 2011 for £84,250 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since February 2011, the market for similar properties has risen by 93.8%.
- Sold Feb 2011£84,250
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Mercia Road, Newark within a radius of 580 metres over the last 2 years.
The most recent example is 10, Mercia Road, Newark, NG24 4NA, a freehold house which sold for £157,000 on the 25th March 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Mercia Road, Newark, NG24 has a total of 56 addresses. According to our analysis of all the public data, 56, Mercia Road, Newark is the 5th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £51k less expensive than the average property in NG24.
More reading links
Schools Nearby
- 400mThe Sir Donald Bailey Academy
- 900mThe King's Church of England Primary Academy
- 1.2kmHoly Trinity Catholic Voluntary Academy
- 1.3kmMagnus Church of England Academy
- 1.9kmThe Newark Academy
- 3.2kmThe Suthers School
More reading links
Public Transport Nearby
The closest station to 56, Mercia Road, Newark is Newark Castle station, which is 2.3 kilometres away.
- 2.3kmNewark Castle
- 2.7kmNewark Northgate
- 5.7kmRolleston
Available Internet Speeds
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
