Solway, Newark
Solway, Newark
Description & Estimates
According to the public record, Solway, Newark is a mid-century freehold house with 933 ft2 of internal area and sits on a 744 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for Solway, Newark is £316,026 and the estimated rental value is £1,179 per month.
The Lane, Cotham, Newark, NG23 is located in the borough of Newark and Sherwood within the NG23 postal district.
Our Data Sources
Solway, Newark has a single entry in the Land Registry from March 2012 and a single entry in the EPC database dated September 2011.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 Solway, Newark is in very good condition we estimate a sale value of £331,827 and a rental value of £1,238 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £293,904 and a rental value of £1,096 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of Solway, Newark has dropped by £3,053 (1.0%), while its estimated rental value has risen by £27 per month (2.3%). Based on current estimates, the property offers a gross rental yield of 4.5%.
Plot Size
According to data from HM Land Registry, Solway, Newark sits on a plot of 744 m2.
We have plot size data on 6 out of 6 other houses in the postcode and Solway, Newark sits on the 4th largest plot.
Energy Efficiency
Solway, Newark has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 06 Sep 2011.
The property is not connected to mains gas and has single glazed windows. It is heated using Room heaters, coal.
Sold Prices
According to HM Land Registry, Solway, Newark was last sold on 16th March 2012 for £165,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since March 2012, the market for similar properties has risen by 50.1%.
- Sold Mar 2012£165,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Solway, Newark within a radius of 4.3 kilometres over the last 2 years.
The most recent example is 6, The Green, Newark, NG23 5PF, a freehold house which sold for £345,000 on the 9th August 2024.
Read more about house prices in NG23.
- Sold Aug 2024£345,000 | 3 Bed House6, The Green, Newark, NG23 5PF6, The Green, Newark, NG23 5PF
- Sold Jul 2024£160,000 | 3 Bed HouseApanui, Newark Road, Newark, NG23 5JSApanui, Newark Road, Newark, NG23 5JS
- Sold May 2023£260,095 | 3 Bed House17, The Green, Newark, NG23 5PF17, The Green, Newark, NG23 5PF
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
The Lane, Cotham, Newark, NG23 has a total of 7 addresses. According to our analysis of all the public data, Solway, Newark is the 5th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £54k less expensive than the average property in NG23.
More reading links
Schools Nearby
- 3.7kmAll Saints Anglican/Methodist Primary School
- 4.8kmThe Sir Donald Bailey Academy
- 5.0kmJohn Hunt Academy
- 3.7kmThe Suthers School
- 5.4kmThe Newark Academy
- 5.7kmMagnus Church of England Academy
More reading links
Public Transport Nearby
The closest station to Solway, Newark is Newark Castle station, which is 6.9 kilometres away.
- 6.9kmNewark Castle
- 7.2kmNewark Northgate
- 7.7kmRolleston
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
