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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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7, Mercia Road, Newark is recorded publicly as an early-century freehold house across 936 ft2 of internal area, sitting on a 263 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 7, Mercia Road, Newark is £153,979 and its rental estimate is £874 per month, given the available information and assuming reasonable condition.
Mercia Road, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
7, Mercia Road, Newark has a single entry in the Land Registry from July 2022 and a single entry in the EPC database dated January 2022.
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.
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, Mercia Road, Newark, we estimate a market value of £161,677 and a rental value of £917 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £143,200 and £812 per month respectively.
Over the last year, 7, Mercia Road, Newark has seen its estimated sale value drop by £1,857 (1.2%) and its estimated rental value rise by £20 per month (2.3%). This results in an estimated gross rental yield of 6.8%.
HM Land Registry records the plot of land for 7, Mercia Road, Newark as measuring 263 m2.
That makes it the 26th largest plot in the postcode, where 33 of the 56 other houses have recorded plot data.
7, Mercia Road, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 25 Jan 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 7, Mercia Road, Newark completed on 15th July 2022 at £170,000 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 risen by 16.4% over the period since July 2022.
Over the past 2 years 3 properties similar to 7, Mercia Road, Newark have sold within a radius of 540 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th March 2024, was 10, Mercia Road, Newark, NG24 4NA, a freehold house which sold for £157,000.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 56 addresses on Mercia Road, Newark, NG24, 7, Mercia Road, Newark comes out as the 17th largest and the 34th most expensive in our analysis of the public data.
It is also £58k less expensive than the average property across the NG24 district.
From 7, Mercia Road, Newark, the nearest station is Newark Castle, 2.3 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, Mercia Road, Newark, 37.7% of property is socially rented and 26.3% 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 7, Mercia Road, Newark, 28.7% of residents are recorded as possessing school level qualifications and 13.2% 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 7, Mercia Road, Newark, the average age was 42 and the most common age was 52.
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 7, Mercia Road, Newark, 0.0% 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 7, Mercia Road, Newark, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
