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According to the public record, May Cottage, Newark is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 1,218 ft2 of internal area and sits on a 413 m2 plot and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for May Cottage, Newark is £373,832 and the estimated rental value is £1,504 per month.
Mill Lane, Eakring, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
May Cottage, Newark has 31 entries in the Land Registry , most recently in February 2021 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 2 out of 5 and is considered of medium accuracy.
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If May Cottage, Newark is in very good condition we estimate a sale value of £392,523 and a rental value of £1,579 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £347,663 and a rental value of £1,398 per month.
Over the last 12 months the sale value of May Cottage Newark has decreased by an estimated £2,098 (0.6%) and its rental value has increased by an estimated £36 per month (2.4%), giving an expected gross yield of 4.8%.
According to data from HM Land Registry, May Cottage, Newark sits on a plot of 413m2.
We have plot size data on 7 out of 7 other houses in the postcode and May Cottage, Newark sits on the 6th largest plot.
According to HM Land Registry, May Cottage, Newark was last sold on 12th February 2021 for £350,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since February 2021, the market for similar properties has dropped 27.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to May Cottage, Newark within a radius of 3.1 kilometres over the last 2 years.
The most recent example is Ivalo, Mill Lane, Newark, NG22 0DL, a freehold house which sold for £357,500 on the 18th October 2024.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Eakring, Newark, NG22 has a total of 7 addresses. According to our analysis of all the public data, May Cottage, Newark is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £127k more expensive than the average property in NG22.
The closest station to May Cottage, Newark is Rolleston station which is 11.2 kilometres away.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around May Cottage, Newark, 49.0% of property is privately owned outright and 32.8% 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 May Cottage, Newark, 13.6% of residents are recorded as possessing school level qualifications and 40.4% 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 May Cottage, Newark, the average age was 45.1 and the most common age was 57.
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 May Cottage, Newark, 1.1% 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 May Cottage, Newark, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
