Flat 7, Bishops Place 20
Flat 7, Bishops Place 20
Description & Estimates
Public records show Flat 7, Bishops Place 20, Newark to be a modern leasehold apartment with 516 ft2 of internal area.
In this area, apartments of this size normally have 2 bedrooms.
Flat 7, Bishops Place 20, Newark has an estimated sale value of £147,217 and an estimated rental value of £603 per month, assuming reasonable condition and based on the information available.
The apartment sits within Bishops Place, Balderton Gate, Newark, NG24.
Balderton Gate, Newark, NG24 lies in the borough of Newark and Sherwood, within the NG24 postal district.
Our Data Sources
Flat 7, Bishops Place 20, Newark has a single entry in the Land Registry from October 2022 and a single entry in the EPC database dated November 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high accuracy.
Price Range & Condition
In very good condition, we estimate Flat 7, Bishops Place 20, Newark would be worth £154,577, with a potential rental value of £633 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £136,911, with a rental value of £561 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 Flat 7, Bishops Place 20, Newark has fallen by £329 (0.2%) over the last year. During the same period, its estimated monthly rental value has moved up by £20 (3.3%). The property's estimated gross yield is currently 4.9%.
Energy Efficiency
Flat 7, Bishops Place 20, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 02 Nov 2020.
The property is not connected to mains gas and has single glazed windows. It is heated using Community scheme.
Sold Prices
Flat 7, Bishops Place 20, Newark last changed hands on 11th October 2022, selling for £150,000. The transaction was logged as a leasehold flat by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has risen by 8.2% since October 2022.
- Sold Oct 2022£150,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 470 metres of Flat 7, Bishops Place 20, Newark across the last 2 years.
Most recently, Flat 13, Bishops Place 20, Balderton Gate, Newark, NG24 1UW, a leasehold flat, sold at £156,000 on the 19th August 2022.
Read more about house prices in NG24.
- Sold Aug 2022£156,000 | 2 Bed FlatFlat 13, Bishops Place 20, Balderton Gate, Newark, NG24 1UWFlat 13, Bishops Place 20, Balderton Gate, Newark, NG24 1UW
- Sold Jun 2022£125,000 | 2 Bed FlatFlat 9, Bishops Place 20, Balderton Gate, Newark, NG24 1UWFlat 9, Bishops Place 20, Balderton Gate, Newark, NG24 1UW
- Sold Apr 2022£155,000 | 2 Bed FlatFlat 14, Bishops Place 20, Balderton Gate, Newark, NG24 1UWFlat 14, Bishops Place 20, Balderton Gate, Newark, NG24 1UW
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Our analysis of the public data ranks Flat 7, Bishops Place 20, Newark as the 65th largest and the 43rd most expensive of the 93 addresses on Balderton Gate, Newark, NG24.
Against the NG24 postcode district average, it is £65k less expensive than the typical property.
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Schools Nearby
- 400mMount CofE Primary School
- 600mChrist Church C of E Primary School
- 800mLovers Lane Primary and Nursery School
- 700mMagnus Church of England Academy
- 1.9kmThe Newark Academy
- 4.2kmThe Suthers School
More reading links
Public Transport Nearby
Newark Castle station is the nearest stop to Flat 7, Bishops Place 20, Newark at 700 metres away.
- 700mNewark Castle
- 900mNewark Northgate
- 6.2kmRolleston
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
