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According to the public record, Flat 2, 54, Mill Gate, Newark is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 814 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for Flat 2, 54, Mill Gate, Newark is £67,489 and the estimated rental value is £357 per month.
The apartment is within 54, Mill Gate, Newark, NG24.
Mill Gate, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
Flat 2, 54, Mill Gate, Newark has 3 entries in the Land Registry , most recently in December 2012 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 1 out of 5 and is considered of low 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 Flat 2, 54, Mill Gate, Newark is in very good condition we estimate a sale value of £70,863 and a rental value of £374 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £62,765 and a rental value of £332 per month.
Over the last 12 months the sale value of Flat 2 54 Mill Gate Newark has decreased by an estimated £527 (0.8%) and its rental value has increased by an estimated £7 per month (2.0%), giving an expected gross yield of 6.3%.
According to HM Land Registry, Flat 2, 54, Mill Gate, Newark was last sold on 21st December 2012 for £90,000 and was recorded as a leasehold flat.
The property has had 3 sales since 1995.
Since December 2012, the market for similar properties has risen 24.6%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 2, 54, Mill Gate, Newark within a radius of 620 metres over the last 2 years.
The most recent example is 41, Chatham Court, Newark, NG24 4BH, a leasehold flat which sold for £57,950 on the 23rd May 2007.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Gate, Newark, NG24 has a total of 186 addresses. According to our analysis of all the public data, Flat 2, 54, Mill Gate, Newark is the 42nd largest and the 166th most expensive property on the street.
When compared to the postcode district it is £145k less expensive than the average property in NG24.
The closest station to Flat 2, 54, Mill Gate, Newark is Newark Castle station which is 600 metres away.
According to recent data from Ofcom, ultrafast broadband is available in this area.
According to recent data from Ofcom, Ultrafast 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 Flat 2, 54, Mill Gate, Newark, 52.7% of property is privately rented and 19.3% is privately owned outright.
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 Flat 2, 54, Mill Gate, Newark, 9.2% of residents are recorded as possessing school level qualifications and 28.1% 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 Flat 2, 54, Mill Gate, Newark, the average age was 39.6 and the most common age was 32.
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 Flat 2, 54, Mill Gate, Newark, 0.8% 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 Flat 2, 54, Mill Gate, Newark, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
