Flat 9, Bishops Place 20
Flat 9, Bishops Place 20
Description & Estimates
Flat 9, Bishops Place 20, Newark is recorded publicly as a modern leasehold apartment across 462 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 9, Bishops Place 20, Newark is £139,247 and its rental estimate is £578 per month, given the available information and assuming reasonable condition.
Bishops Place, Balderton Gate is a residential building on Balderton Gate, Newark, NG24 and falls within the NG24 postal district and the borough of Newark and Sherwood.
Our Data Sources
Flat 9, Bishops Place 20, Newark has a single entry in the Land Registry from June 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
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 9, Bishops Place 20, Newark, we estimate a market value of £146,209 and a rental value of £607 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £129,499 and £538 per month respectively.
Recent Market Change
Over the last year, Flat 9, Bishops Place 20, Newark has seen its estimated sale value decrease by £311 (0.2%) and its estimated rental value grow by £19 per month (3.3%). This results in an estimated gross rental yield of 5.0%.
Energy Efficiency
Flat 9, Bishops Place 20, Newark has an Energy Performance Rating (EPC) of C. 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
The most recent sale of Flat 9, Bishops Place 20, Newark completed on 10th June 2022 at £125,000 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 9.5% over the period since June 2022.
- Sold Jun 2022£125,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 9, Bishops Place 20, Newark have sold within a radius of 470 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 11th October 2022, was Flat 7, Bishops Place 20, Balderton Gate, Newark, NG24 1UW, a leasehold flat which sold for £150,000.
Read more about house prices in NG24.
- Sold Oct 2022£150,000 | 2 Bed FlatBishops Place 20, Balderton GateFlat 7, Bishops Place 20, Balderton Gate, Newark, NG24 1UW
- Sold Aug 2022£156,000 | 2 Bed FlatBishops Place 20, Balderton GateFlat 13, Bishops Place 20, Balderton Gate, Newark, NG24 1UW
- Sold May 2020£135,000 | 2 Bed FlatBishops Place 20, Balderton GateFlat 8, 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
Of the 93 addresses on Balderton Gate, Newark, NG24, Flat 9, Bishops Place 20, Newark comes out as the 78th largest and the 47th most expensive in our analysis of the public data.
It is also £73k less expensive than the average property across the NG24 district.
More reading links
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
From Flat 9, Bishops Place 20, Newark, the nearest station is Newark Castle, 700 metres away.
- 700mNewark Castle
- 900mNewark Northgate
- 6.2kmRolleston
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
