According to the public record, 24, Mumby Close, Newark is a mid-century leasehold apartment and with 520 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
Mumby Close, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
24, Mumby Close, Newark has a single entry in the Land Registry database from December 2015 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 24 Mumby Close Newark as £75,604 and the rental value as £488 per month giving an expected gross yield of 7.7%.
Over the last 12 months the sale value of 24 Mumby Close Newark has increased by £4,145 (5.5%) and its rental value has increased by £21 per month (4.3%).
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 24, Mumby Close, Newark is in very good condition we estimate a sale value of £79,384 and rental value of £512 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £70,312 and a rental value of £454 per month.
If you were able to purchase this property for the estimated value of £75,604, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £372 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, 24, Mumby Close, Newark was last sold on 08 Dec 2015 for £66,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 33.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 24, Mumby Close, Newark within a radius of 15m over the last 2 years.
The most recent example is 22, Mumby Close, Newark, NG24 1JE, a Leasehold flat which sold for £60,000 in Apr 2023.
Read more about house prices in NG24.
Mumby Close, Newark, NG24 has a total of 19 addresses. According to our analysis of all the public data, 24, Mumby Close, Newark is the 17th largest and the 18th most expensive property on the street.
When compared to the postcode district it is £136k less expensive than the average property in NG24.
24, Mumby Close, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 May 2009.
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 24, Mumby Close, Newark is Newark Northgate station which is 300 m 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 24, Mumby Close, Newark, 66.0% of property is socially rented and 20.1% is privately rented.
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 24, Mumby Close, Newark, 20.1% of residents are recorded as possessing school level qualifications and 15.1% 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 24, Mumby Close, Newark, the average age was 39.6 and the most common age was 32.
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 24, Mumby Close, Newark, 0.7% 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 24, Mumby Close, Newark, there are an average of 0.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.