According to the public record, 177, Walesby Lane, Newark is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 530 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Walesby Lane, New Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
177, Walesby Lane, Newark has a single entry in the Land Registry database from January 2008 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.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 177 Walesby Lane Newark as £135,728 and the rental value as £711 per month giving an expected gross yield of 6.3%.
Over the last 12 months the sale value of 177 Walesby Lane Newark has increased by £7,781 (5.7%) and its rental value has increased by £17 per month (2.4%).
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 177, Walesby Lane, Newark is in very good condition we estimate a sale value of £142,515 and rental value of £746 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £126,227 and a rental value of £661 per month.
If you were able to purchase this property for the estimated value of £135,728, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £667 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 HM Land Registry, 177, Walesby Lane, Newark was last sold on 23 Jan 2008 for £70,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jan 2008, the market for similar properties has risen 59.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 177, Walesby Lane, Newark within a radius of 120m over the last 2 years.
The most recent example is 197, Walesby Lane, Newark, NG22 9UY, a Freehold house which sold for £85,000 in Feb 2021.
Read more about house prices in NG22.
Walesby Lane, New Ollerton, Newark, NG22 has a total of 263 addresses. According to our analysis of all the public data, 177, Walesby Lane, Newark is the 261st largest and the 256th most expensive property on the street.
When compared to the postcode district it is £123k less expensive than the average property in NG22.
The closest station to 177, Walesby Lane, 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 177, Walesby Lane, Newark, 35.4% of property is privately owned with a mortgage and 30.8% is privately owned outright.
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 177, Walesby Lane, Newark, 20.2% of residents are recorded as possessing school level qualifications and 16.6% 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 177, Walesby Lane, 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 177, Walesby Lane, Newark, 0.0% 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 177, Walesby Lane, Newark, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.