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According to the public record, 7, The Waterfront, Newark is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 1,115 ft2 of internal area.
Apartments of this size in this area normally have 3 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 7, The Waterfront, Newark is £221,437 and the estimated rental value is £845 per month.
The Waterfront, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
7, The Waterfront, Newark has 31 entries in the Land Registry , most recently in June 2007 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 3 out of 5 and is considered of medium accuracy.
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 7, The Waterfront, Newark is in very good condition we estimate a sale value of £232,509 and a rental value of £887 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £205,937 and a rental value of £786 per month.
Over the last 12 months the sale value of 7 The Waterfront Newark has decreased by an estimated £169 (0.1%) and its rental value has increased by an estimated £29 per month (3.5%), giving an expected gross yield of 4.6%.
According to HM Land Registry, 7, The Waterfront, Newark was last sold on 19th June 2007 for £240,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since June 2007, the market for similar properties has dropped 21.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, The Waterfront, Newark within a radius of 700 metres over the last 2 years.
The most recent example is Flat 9, 10, Victoria Street, Newark, NG24 4UT, a leasehold flat which sold for £245,000 on the 3rd May 2024.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
The Waterfront, Newark, NG24 has a total of 23 addresses. According to our analysis of all the public data, 7, The Waterfront, Newark is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £10k more expensive than the average property in NG24.
The closest station to 7, The Waterfront, Newark is Newark Castle station which is 1.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 7, The Waterfront, Newark, 71.9% of property is privately owned outright and 20.9% is privately owned with a mortgage.
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, The Waterfront, Newark, 5.6% of residents are recorded as possessing school level qualifications and 30.4% 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, The Waterfront, 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, The Waterfront, Newark, 3.9% 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, The Waterfront, Newark, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
