7, Redthorn Way
7, Redthorn Way
Description & Estimates
7, Redthorn Way, Newark is recorded publicly as a modern freehold house across 1,689 ft2 of internal area, sitting on a 984 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 7, Redthorn Way, Newark is £391,464 and its rental estimate is £1,458 per month, given the available information and assuming reasonable condition.
Redthorn Way, Claypole, Newark, NG23 falls within the NG23 postal district, in the borough of South Kesteven.
Our Data Sources
7, Redthorn Way, Newark has a single entry in the Land Registry from June 2012 and a single entry in the EPC database dated August 2014.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, Redthorn Way, Newark, we estimate a market value of £411,037 and a rental value of £1,531 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £364,062 and £1,356 per month respectively.
Recent Market Change
Over the last year, 7, Redthorn Way, Newark has seen its estimated sale value decrease by £5,234 (1.3%) and its estimated rental value grow by £31 per month (2.1%). This results in an estimated gross rental yield of 4.5%.
Plot Size
HM Land Registry records the plot of land for 7, Redthorn Way, Newark as measuring 984 m2.
That makes it the 2nd largest plot in the postcode, where 14 of the 19 other houses have recorded plot data.
Energy Efficiency
7, Redthorn Way, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Air source heat pump, radiators, electric.
Sold Prices
The most recent sale of 7, Redthorn Way, Newark completed on 13th June 2012 at £250,000 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 78.5% over the period since June 2012.
- Sold Jun 2012£250,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 7, Redthorn Way, Newark have sold within a radius of 3.4 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 26th June 2024, was 1B, Redthorn Way, Newark, NG23 5AZ, a freehold house which sold for £335,000.
Read more about house prices in NG23.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 19 addresses on Redthorn Way, Claypole, Newark, NG23, 7, Redthorn Way, Newark comes out as the 6th largest and the 9th most expensive in our analysis of the public data.
It is also £22k more expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 300mThe Claypole Church of England Primary School
- 4.2kmChuter Ede Primary School
- 4.9kmLong Bennington Church of England Academy
- 3.3kmThe Suthers School
- 5.1kmThe Newark Academy
- 6.4kmMagnus Church of England Academy
More reading links
Public Transport Nearby
From 7, Redthorn Way, Newark, the nearest station is Newark Northgate, 7.3 kilometres away.
- 7.3kmNewark Northgate
- 7.8kmNewark Castle
- 10.5kmBottesford
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
