8, Orchid Close
8, Orchid Close
Description & Estimates
8, Orchid Close, Newark is recorded publicly as a modern freehold house across 592 ft2 of internal area, sitting on a 289 m2 plot.
Locally, houses of this size normally have 2 bedrooms with a garden.
Our estimate of the sale value of 8, Orchid Close, Newark is £200,097 and its rental estimate is £760 per month, given the available information and assuming reasonable condition.
Orchid Close, Balderton, Newark, NG24 falls within the NG24 postal district, in the borough of Newark and Sherwood.
Our Data Sources
8, Orchid Close, Newark has 21 entries in the Land Registry , most recently in September 2014 and a single entry in the EPC database dated November 2014.
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.
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, Orchid Close, Newark, we estimate a market value of £210,102 and a rental value of £798 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £186,090 and £707 per month respectively.
Recent Market Change
Over the last year, 8, Orchid Close, Newark has seen its estimated sale value decline by £3,154 (1.6%) and its estimated rental value climb by £14 per month (1.9%). This results in an estimated gross rental yield of 4.6%.
Plot Size
HM Land Registry records the plot of land for 8, Orchid Close, Newark as measuring 289 m2.
That makes it the 8th largest plot in the postcode, where all 13 other houses have recorded plot data.
Energy Efficiency
8, Orchid Close, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 11 Nov 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 8, Orchid Close, Newark completed on 4th September 2014 at £120,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 33.5% over the period since September 2014.
- Sold Sep 2014£120,000
- Sold Dec 2001£47,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Orchid Close, Newark have sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 25th September 2024, was 12, Orchid Close, Newark, NG24 3ET, a freehold house which sold for £235,000.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 13 addresses on Orchid Close, Balderton, Newark, NG24, 8, Orchid Close, Newark comes out as the 4th largest and the 8th most expensive in our analysis of the public data.
It is also £12k less expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 700mJohn Hunt Academy
- 900mThe Sir Donald Bailey Academy
- 1.0kmThe King's Church of England Primary Academy
- 600mThe Newark Academy
- 800mMagnus Church of England Academy
- 2.7kmThe Suthers School
More reading links
Public Transport Nearby
From 8, Orchid Close, Newark, the nearest station is Newark Northgate, 2.2 kilometres away.
- 2.2kmNewark Northgate
- 2.3kmNewark Castle
- 6.9kmRolleston
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.
