7, Lace Mead
7, Lace Mead
Description & Estimates
Public records show 7, Lace Mead, Newark to be a modern freehold house with 1,011 ft2 of internal area, sitting on a 221 m2 plot.
In this area, houses of this size normally have 3 bedrooms with a garden.
7, Lace Mead, Newark has an estimated sale value of £242,538 and an estimated rental value of £1,020 per month, assuming reasonable condition and based on the information available.
Lace Mead, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
7, Lace Mead, Newark has a single entry in the Land Registry from October 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
In very good condition, we estimate 7, Lace Mead, Newark would be worth £254,665, with a potential rental value of £1,071 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £225,561, with a rental value of £949 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 7, Lace Mead, Newark has declined by £2,924 (1.2%) over the last year. During the same period, its estimated monthly rental value has climbed by £23 (2.3%). The property's estimated gross yield is currently 5.0%.
Plot Size
7, Lace Mead, Newark occupies a 221 m2 plot as recorded by HM Land Registry.
Of the 8 other houses in this postcode, 2 have recorded plot sizes, and this one ranks as the largest.
Energy Efficiency
7, 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
7, Lace Mead, Newark last changed hands on 28th October 2021, selling for £242,995. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 5.0% since October 2021.
- Sold Oct 2021£242,995
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 970 metres of 7, Lace Mead, Newark across the last 2 years.
Most recently, 2, Lace Mead, Newark, NG24 3WY, a freehold house, sold at £237,000 on the 1st July 2025.
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
Our analysis of the public data ranks 7, Lace Mead, Newark as the 2nd largest and the 2nd most expensive of the 8 addresses on Lace Mead, Newark, NG24.
Against the NG24 postcode district average, it is £31k more expensive than the typical property.
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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
Newark Castle station is the nearest stop to 7, Lace Mead, Newark at 3.2 kilometres away.
- 3.2kmNewark Castle
- 3.3kmNewark Northgate
- 6.7kmRolleston
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
