1C, School Lane
1C, School Lane
Description & Estimates
Public records show 1C, School Lane, Newark to be a modern freehold house with 1,377 ft2 of internal area, sitting on a 537 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
1C, School Lane, Newark has an estimated sale value of £379,715 and an estimated rental value of £1,092 per month, assuming reasonable condition and based on the information available.
School Lane, Farndon, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
1C, School Lane, Newark has a single entry in the Land Registry from January 2022 and a single entry in the EPC database dated December 2021.
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
In very good condition, we estimate 1C, School Lane, Newark would be worth £398,700, with a potential rental value of £1,146 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £353,135, with a rental value of £1,015 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 1C, School Lane, Newark has decreased by £3,399 (0.9%) over the last year. During the same period, its estimated monthly rental value has grown by £29 (2.6%). The property's estimated gross yield is currently 3.5%.
Plot Size
1C, School Lane, Newark occupies a 537 m2 plot as recorded by HM Land Registry.
Of the 26 other houses in this postcode, 17 have recorded plot sizes, and this one ranks as the 9th largest.
Energy Efficiency
1C, School Lane, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 02 Dec 2021.
The property is not connected to mains gas and has high performance glazing. It is heated using Air source heat pump, underfloor, electric.
Sold Prices
1C, School Lane, Newark last changed hands on 31st January 2022, selling for £385,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 9.3% since January 2022.
- Sold Jan 2022£385,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 2.1 kilometres of 1C, School Lane, Newark across the last 2 years.
Most recently, 9, Holmefield, Newark, NG24 3TZ, a freehold house, sold at £312,500 on the 3rd March 2023.
Read more about house prices in NG24.
- Sold Mar 2023£312,500 | 4 Bed House9, Holmefield, Newark, NG24 3TZ9, Holmefield, Newark, NG24 3TZ
- Sold Jun 2022£425,000 | 4 Bed House6, St. Peters Close, Newark, NG24 3SN6, St. Peters Close, Newark, NG24 3SN
- Sold Jul 2021£285,000 | 4 Bed House18, Holmefield, Newark, NG24 3TZ18, Holmefield, Newark, NG24 3TZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 1C, School Lane, Newark as the 11th largest and the 5th most expensive of the 26 addresses on School Lane, Farndon, Newark, NG24.
Against the NG24 postcode district average, it is £168k more expensive than the typical property.
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Schools Nearby
- 800mSt Peter's Crosskeys CofE Academy
- 2.9kmHoly Trinity Catholic Voluntary Academy
- 3.1kmThe Sir Donald Bailey Academy
- 3.6kmMagnus Church of England Academy
- 4.5kmThe Newark Academy
- 5.4kmThe Suthers School
More reading links
Public Transport Nearby
Rolleston station is the nearest stop to 1C, School Lane, Newark at 3.2 kilometres away.
- 3.2kmRolleston
- 3.7kmNewark Castle
- 4.0kmFiskerton
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
