7, Lodge Close
7, Lodge Close
Description & Estimates
7, Lodge Close, Newark is recorded publicly as a modern freehold house across 1,765 ft2 of internal area.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, Lodge Close, Newark is £431,727 and its rental estimate is £1,568 per month, given the available information and assuming reasonable condition.
Lodge Close, Long Bennington, Newark, NG23 falls within the NG23 postal district, in the borough of South Kesteven.
Our Data Sources
7, Lodge Close, Newark has a single entry in the Land Registry from August 2023 and a single entry in the EPC database dated December 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 out of 5 and is considered of medium 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 7, Lodge Close, Newark, we estimate a market value of £453,313 and a rental value of £1,646 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £401,506 and £1,458 per month respectively.
Recent Market Change
Over the last year, 7, Lodge Close, Newark has seen its estimated sale value move down by £5,773 (1.3%) and its estimated rental value increase by £33 per month (2.1%). This results in an estimated gross rental yield of 4.4%.
Energy Efficiency
7, Lodge Close, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Dec 2022.
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 7, Lodge Close, Newark completed on 22nd August 2023 at £440,000 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 dropped by 4.1% over the period since August 2023.
- Sold Aug 2023£440,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Lodge Close, Newark have sold within a radius of 4.8 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 14th March 2025, was 22, Lilley Street, Newark, NG23 5EJ, a freehold house which sold for £505,000.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on Lodge Close, Long Bennington, Newark, NG23, 7, Lodge Close, Newark comes out as the 4th largest and the 4th most expensive in our analysis of the public data.
It is also £62k more expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 500mLong Bennington Church of England Academy
- 5.0kmThe Claypole Church of England Primary School
- 5.1kmAllington with Sedgebrook Church of England Primary School
- 5.5kmThe Suthers School
- 6.9kmThe Priory Belvoir Academy
- 7.9kmThe Newark Academy
More reading links
Public Transport Nearby
From 7, Lodge Close, Newark, the nearest station is Bottesford, 5.8 kilometres away.
- 5.8kmBottesford
- 7.7kmElton & Orston
- 10.2kmAslockton
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
