Flat 5, Smith House
Flat 5, Smith House
Description & Estimates
Flat 5, Smith House, Newark appears in the public record as a leasehold apartment.
We estimate it to be a mid-century apartment with 442 ft2 of internal area by comparing it to nearby properties.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 5, Smith House, Newark is £73,513 and its rental estimate is £533 per month, given the available information and assuming reasonable condition.
Smith House, Grange Road is a residential building on Grange Road, Newark, NG24 and falls within the NG24 postal district and the borough of Newark and Sherwood.
Our Data Sources
Flat 5, Smith House, Newark has a single entry in the Land Registry from November 2007 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.
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 Flat 5, Smith House, Newark, we estimate a market value of £77,188 and a rental value of £559 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £68,367 and £495 per month respectively.
Recent Market Change
Over the last year, Flat 5, Smith House, Newark has seen its estimated sale value decline by £164 (0.2%) and its estimated rental value climb by £17 per month (3.3%). This results in an estimated gross rental yield of 8.7%.
Sold Prices
The most recent sale of Flat 5, Smith House, Newark completed on 19th November 2007 at £42,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 25.7% over the period since November 2007.
- Sold Nov 2007£42,000
Properties Sold Nearby
Over the past 2 years 3 properties have sold within 640 metres of Flat 5, Smith House, Newark, per the Land Registry and our network of Estate Agents.
The latest, on the 17th July 2023, was 35, Grange Road, Newark, NG24 4LH, a freehold house which sold for £225,000.
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 275 addresses on Grange Road, Newark, NG24, Flat 5, Smith House, Newark comes out as the 270th largest and the 273rd most expensive in our analysis of the public data.
It is also £138k less expensive than the average property across the NG24 district.
More reading links
Schools Nearby
- 400mThe Sir Donald Bailey Academy
- 1.0kmThe King's Church of England Primary Academy
- 1.4kmHoly Trinity Catholic Voluntary Academy
- 1.3kmMagnus Church of England Academy
- 1.8kmThe Newark Academy
- 3.0kmThe Suthers School
More reading links
Public Transport Nearby
From Flat 5, Smith House, Newark, the nearest station is Newark Castle, 2.4 kilometres away.
- 2.4kmNewark Castle
- 2.8kmNewark Northgate
- 5.9kmRolleston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
