According to the public record, 39, Cedar Lane, Newark is a mid-century freehold house and with 882 ft2 of internal area and sits on a 236 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cedar Lane, New Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
39, Cedar Lane, Newark has a single entry in the Land Registry database from May 2022 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 39 Cedar Lane Newark as £142,327 and the rental value as £714 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 39 Cedar Lane Newark has increased by £8,307 (5.8%) and its rental value has increased by £19 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 39, Cedar Lane, Newark is in very good condition we estimate a sale value of £149,444 and rental value of £750 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £132,364 and a rental value of £664 per month.
If you were able to purchase this property for the estimated value of £142,327, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £699 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, 39, Cedar Lane, Newark sits on a plot of 236m2.
We have plot size data on 23 out of 32 other houses in the postcode and 39, Cedar Lane, Newark sits on the 9th largest plot.
According to HM Land Registry, 39, Cedar Lane, Newark was last sold on 11 May 2022 for £100,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2022, the market for similar properties has risen 6.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 39, Cedar Lane, Newark within a radius of 37m over the last 2 years.
The most recent example is 50, Cedar Lane, Newark, NG22 9SQ, a Freehold house which sold for £145,000 in Sep 2023.
Read more about house prices in NG22.
Cedar Lane, New Ollerton, Newark, NG22 has a total of 75 addresses. According to our analysis of all the public data, 39, Cedar Lane, Newark is the 51st largest and the 40th most expensive property on the street.
When compared to the postcode district it is £116k less expensive than the average property in NG22.
39, Cedar Lane, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 29 Mar 2022.
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 39, Cedar Lane, Newark is Retford station which is 12.2 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 39, Cedar Lane, 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 39, Cedar Lane, 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 39, Cedar 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 39, Cedar Lane, 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 39, Cedar Lane, 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.