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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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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.
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.
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.
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%.
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.
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.
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.
From Flat 5, Smith House, Newark, the nearest station is Newark Castle, 2.4 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 Flat 5, Smith House, Newark, 61.2% of property is socially rented and 15.0% 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 Flat 5, Smith House, Newark, 22.0% of residents are recorded as possessing school level qualifications and 21.0% 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 5, Smith House, Newark, the average age was 42 and the most common age was 52.
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 5, Smith House, Newark, 0.7% 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 5, Smith House, Newark, there are an average of 0.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
