According to the public record, 114, Petersmith Drive, Newark is a mid-century freehold house and with 1,119 ft2 of internal area and sits on a 295 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Petersmith Drive, New Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
114, Petersmith Drive, Newark has 3 entries in the Land Registry database, most recently in September 2021 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 114 Petersmith Drive Newark as £165,241 and the rental value as £793 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 114 Petersmith Drive Newark has increased by £9,645 (5.8%) and its rental value has increased by £21 per month (2.6%).
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 114, Petersmith Drive, Newark is in very good condition we estimate a sale value of £173,503 and rental value of £833 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £153,674 and a rental value of £738 per month.
If you were able to purchase this property for the estimated value of £165,241, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £812 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to data from HM Land Registry, 114, Petersmith Drive, Newark sits on a plot of 295m2.
We have plot size data on 14 out of 24 other houses in the postcode and 114, Petersmith Drive, Newark sits on the largest plot.
According to HM Land Registry, 114, Petersmith Drive, Newark was last sold on 23 Sep 2021 for £190,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Sep 2021, the market for similar properties has risen 14.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 114, Petersmith Drive, Newark within a radius of 121m over the last 2 years.
The most recent example is 45, Petersmith Drive, Newark, NG22 9RZ, a Freehold house which sold for £162,000 in Dec 2022.
Read more about house prices in NG22.
Petersmith Drive, New Ollerton, Newark, NG22 has a total of 187 addresses. According to our analysis of all the public data, 114, Petersmith Drive, Newark is the 9th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £93k less expensive than the average property in NG22.
114, Petersmith Drive, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 08 Feb 2012.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 114, Petersmith Drive, Newark is Retford station which is 12.3 km 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 114, Petersmith Drive, Newark, 29.7% of property is privately owned outright and 27.1% is privately owned with a mortgage.
The graph below shows how this compares to Greater London 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 114, Petersmith Drive, Newark, 17.7% of residents are recorded as possessing school level qualifications and 16.0% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 114, Petersmith Drive, Newark, the average age was 41.4 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 114, Petersmith Drive, Newark, 1.7% 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 114, Petersmith Drive, Newark, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.