Flat 6, Smith House
Flat 6, Smith House
Description & Estimates
Flat 6, Smith House, Newark is described in the public record as a mid-century apartment with 699 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 6, Smith House, Newark is £89,513 and its rental estimate is £605 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 6, Smith House, Newark has no records in the the Land Registry and a single entry in the EPC database dated June 2023.
We combine this information with public data of neighbouring properties to estimate the property 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 6, Smith House, Newark, we estimate a market value of £93,988 and a rental value of £636 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £83,247 and £563 per month respectively.
Recent Market Change
Over the last year, Flat 6, Smith House, Newark has seen its estimated sale value drop by £200 (0.2%) and its estimated rental value rise by £20 per month (3.3%). This results in an estimated gross rental yield of 8.1%.
Energy Efficiency
Flat 6, Smith House, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Jun 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 6, Smith House, Newark have sold within a radius of 640 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 10th February 2017, was 44, Ash Road, Newark, NG24 4LQ, a leasehold flat which sold for £82,500.
Read more about house prices in NG24.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 275 addresses on Grange Road, Newark, NG24, Flat 6, Smith House, Newark comes out as the 197th largest and the 239th most expensive in our analysis of the public data.
It is also £122k less expensive than the average property across the NG24 district.
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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
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Public Transport Nearby
From Flat 6, 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.
