8, Brook Lane
8, Brook Lane
Description & Estimates
8, Brook Lane, Newark is recorded publicly as a modern freehold house across 1,345 ft2 of internal area, sitting on a 398 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 8, Brook Lane, Newark is £438,540 and its rental estimate is £1,445 per month, given the available information and assuming reasonable condition.
Brook Lane, Collingham, Newark, NG23 falls within the NG23 postal district, in the borough of Newark and Sherwood.
Our Data Sources
8, Brook Lane, Newark has a single entry in the Land Registry from December 2020 and a single entry in the EPC database dated November 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 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 8, Brook Lane, Newark, we estimate a market value of £460,467 and a rental value of £1,517 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £407,843 and £1,344 per month respectively.
Recent Market Change
Over the last year, 8, Brook Lane, Newark has seen its estimated sale value decline by £5,864 (1.3%) and its estimated rental value climb by £31 per month (2.1%). This results in an estimated gross rental yield of 4.0%.
Plot Size
HM Land Registry records the plot of land for 8, Brook Lane, Newark as measuring 398 m2.
That makes it the 6th largest plot in the postcode, where all 11 other houses have recorded plot data.
Energy Efficiency
8, Brook Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 05 Nov 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Room heaters, electric.
Sold Prices
The most recent sale of 8, Brook Lane, Newark completed on 17th December 2020 at £345,000 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 16.3% over the period since December 2020.
- Sold Dec 2020£345,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Brook Lane, Newark have sold within a radius of 3.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th June 2022, was 1A, The Hedgerows, Newark, NG23 7RL, a freehold house which sold for £385,000.
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 11 addresses on Brook Lane, Collingham, Newark, NG23, 8, Brook Lane, Newark comes out as the 11th largest and the 11th most expensive in our analysis of the public data.
It is also £69k more expensive than the average property across the NG23 district.
More reading links
Schools Nearby
- 300mJohn Blow Primary School
- 3.6kmSwinderby All Saints Church of England Primary School
- 4.9kmWinthorpe Primary School
- 9.2kmMagnus Church of England Academy
- 9.5kmThe Newark Academy
- 11.2kmNorth Kesteven Academy
More reading links
Public Transport Nearby
From 8, Brook Lane, Newark, the nearest station is Collingham, 200 metres away.
- 200mCollingham
- 4.2kmSwinderby
- 7.8kmNewark Northgate
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
