According to the public record, 36 Princeton Court, Newark is a modern leasehold apartment and with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Princeton Court, Freya Road, Ollerton, Newark, NG22.
Freya Road, Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
36 Princeton Court, Newark has 2 entries in the Land Registry database, most recently in January 2018 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 36 Princeton Court Newark as £101,364 and the rental value as £504 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 36 Princeton Court Newark has increased by £6,059 (6.0%) and its rental value has increased by £13 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 36 Princeton Court, Newark is in very good condition we estimate a sale value of £106,432 and rental value of £529 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £94,269 and a rental value of £468 per month.
If you were able to purchase this property for the estimated value of £101,364, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £498 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, 36 Princeton Court, Newark was last sold on 19 Jan 2018 for £80,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jan 2018, the market for similar properties has risen 30.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 36 Princeton Court, Newark within a radius of 0m over the last 2 years.
The most recent example is 44 Princeton Court, Freya Road, Newark, NG22 9WN, a Leasehold flat which sold for £92,000 in Aug 2021.
Read more about house prices in NG22.
Freya Road, Ollerton, Newark, NG22 has a total of 38 addresses. According to our analysis of all the public data, 36 Princeton Court, Newark is the 34th largest and the 37th most expensive property on the street.
When compared to the postcode district it is £157k less expensive than the average property in NG22.
36 Princeton Court, Newark has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Sep 2017.
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 36 Princeton Court, Newark is Shirebrook station which is 13.0 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 36 Princeton Court, Newark, 42.4% of property is privately owned with a mortgage and 28.8% 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 36 Princeton Court, Newark, 15.5% of residents are recorded as possessing school level qualifications and 33.6% 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 36 Princeton Court, 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 36 Princeton Court, 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 36 Princeton Court, Newark, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.