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According to the public record, Red Cottage, Newark is a period freehold house with 1,517 ft2 of internal area and sits on a 3,445 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Red Cottage, Newark is £527,128 and the estimated rental value is £2,026 per month.
Flash Lane, Ompton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Red Cottage, Newark has 21 entries in the Land Registry , most recently in May 2019 and a single entry in the EPC database dated September 2018.
We combine this information with that 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.
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 Red Cottage, Newark is in very good condition we estimate a sale value of £553,484 and a rental value of £2,127 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £490,229 and a rental value of £1,884 per month.
Over the last 12 months the sale value of Red Cottage Newark has decreased by an estimated £11,898 (2.3%) and its rental value has increased by an estimated £34 per month (1.7%), giving an expected gross yield of 4.6%.
According to data from HM Land Registry, Red Cottage, Newark sits on a plot of 3445m2.
We have plot size data on 3 out of 5 other houses in the postcode and Red Cottage, Newark sits on the 2nd largest plot.
Red Cottage, Newark has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 05 Sep 2018.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, LPG.
According to HM Land Registry, Red Cottage, Newark was last sold on 30th May 2019 for £500,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2019, the market for similar properties has dropped 6.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Red Cottage, Newark within a radius of 3.5 kilometres over the last 2 years.
The most recent example is 9, Baulk Lane, Newark, NG22 0AA, a freehold house which sold for £570,000 on the 24th May 2024.
Read more about house prices in NG22.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Flash Lane, Ompton, Newark, NG22 has a total of 5 addresses. According to our analysis of all the public data, Red Cottage, Newark is the 4th largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £281k more expensive than the average property in NG22.
The closest station to Red Cottage, Newark is Rolleston station which is 13.5 kilometres away.
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 Red Cottage, Newark, 38.5% of property is privately rented and 33.7% is privately owned outright.
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 Red Cottage, Newark, 11.9% of residents are recorded as possessing school level qualifications and 29.0% 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 Red Cottage, Newark, the average age was 48.3 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 Red Cottage, Newark, 1.0% 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 Red Cottage, Newark, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
