According to the public record, 4, Montgomery Road, Newark is a mid-century freehold house and with 1,097 ft2 of internal area and sits on a 264 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Montgomery Road, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
4, Montgomery Road, Newark has 31 entries in the Land Registry database, most recently in April 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 4 Montgomery Road Newark as £196,170 and the rental value as £962 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 4 Montgomery Road Newark has increased by £5,703 (2.9%) and its rental value has increased by £17 per month (1.7%).
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 4, Montgomery Road, Newark is in very good condition we estimate a sale value of £205,979 and rental value of £1,010 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £182,438 and a rental value of £895 per month.
If you were able to purchase this property for the estimated value of £196,170, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £964 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, 4, Montgomery Road, Newark sits on a plot of 264m2.
We have plot size data on 18 out of 40 other houses in the postcode and 4, Montgomery Road, Newark sits on the 9th largest plot.
According to HM Land Registry, 4, Montgomery Road, Newark was last sold on 22 Apr 2022 for £218,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Apr 2022, the market for similar properties has risen 2.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 4, Montgomery Road, Newark within a radius of 250m over the last 2 years.
The most recent example is 60, Bailey Road, Newark, NG24 4EP, a Freehold house which sold for £185,000 in Dec 2023.
Read more about house prices in NG24.
Montgomery Road, Newark, NG24 has a total of 40 addresses. According to our analysis of all the public data, 4, Montgomery Road, Newark is the 16th largest and the 13th most expensive property on the street.
When compared to the postcode district it is £16k less expensive than the average property in NG24.
4, Montgomery Road, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Oct 2021.
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 4, Montgomery Road, Newark is Newark Castle station which is 2.0 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 4, Montgomery Road, Newark, 38.7% of property is socially rented and 32.8% 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 4, Montgomery Road, Newark, 31.5% of residents are recorded as possessing school level qualifications and 15.6% 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 4, Montgomery Road, Newark, the average age was 40.7 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 4, Montgomery Road, 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 4, Montgomery Road, Newark, there are an average of 1.2 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.