Stay up to date
Stay up to date
Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
  | Â
VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
Be the first Estate
Agent here!
8, Colliery Way, Newark is described in the public record as a modern house with 635 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 8, Colliery Way, Newark is £189,021 and its rental estimate is £1,009 per month, given the available information and assuming reasonable condition.
Colliery Way, Bilsthorpe, Newark, NG22 falls within the NG22 postal district, in the borough of Newark and Sherwood.
8, Colliery Way, Newark has no records in the the Land Registry and a single entry in the EPC database dated December 2022.
We combine this information with public data 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 8, Colliery Way, Newark, we estimate a market value of £198,472 and a rental value of £1,059 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £175,790 and £938 per month respectively.
Over the last year, 8, Colliery Way, Newark has seen its estimated sale value fall by £1,645 (0.9%) and its estimated rental value move up by £33 per month (3.2%). This results in an estimated gross rental yield of 6.4%.
8, Colliery Way, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Dec 2022.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
Over the past 2 years 3 properties similar to 8, Colliery Way, Newark have sold within a radius of 2.3 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2023, was 12, Colliery Way, Newark, NG22 8GG, a freehold house which sold for £106,333.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 47 addresses on Colliery Way, Bilsthorpe, Newark, NG22, 8, Colliery Way, Newark comes out as the 42nd largest and the 44th most expensive in our analysis of the public data.
It is also £57k less expensive than the average property across the NG22 district.
From 8, Colliery Way, Newark, the nearest station is Mansfield, 11.2 kilometres away.
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 8, Colliery Way, Newark, 39.2% of property is privately owned outright and 36.6% 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 8, Colliery Way, Newark, 20.3% of residents are recorded as possessing school level qualifications and 19.6% 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 8, Colliery Way, Newark, the average age was 45.1 and the most common age was 57.
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 8, Colliery Way, 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 8, Colliery Way, Newark, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
