According to the public record, 47, Clarks Lane, Newark is a freehold house.
By comparing it to neighbours, we estimate that it is a modern house with 924 ft2 of internal area and a garden.
Houses of this size in this area normally have 3 bedrooms.
Clarks Lane, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
47, Clarks Lane, Newark has 31 entries in the Land Registry database, most recently in June 2007 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 47 Clarks Lane Newark as £200,295 and the rental value as £935 per month giving an expected gross yield of 5.6%.
Over the last 12 months the sale value of 47 Clarks Lane Newark has increased by £6,483 (3.2%) and its rental value has increased by £21 per month (2.2%).
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 47, Clarks Lane, Newark is in very good condition we estimate a sale value of £210,309 and rental value of £982 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £186,274 and a rental value of £870 per month.
If you were able to purchase this property for the estimated value of £200,295, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £984 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, 47, Clarks Lane, Newark was last sold on 15 Jun 2007 for £123,500 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Jun 2007, the market for similar properties has risen 44.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, Clarks Lane, Newark within a radius of 97m over the last 2 years.
The most recent example is 67, Clarks Lane, Newark, NG24 2EF, a Freehold house which sold for £205,000 in Apr 2024.
Read more about house prices in NG24.
Clarks Lane, Newark, NG24 has a total of 56 addresses. According to our analysis of all the public data, 47, Clarks Lane, Newark is the 2nd largest and the 2nd most expensive property on the street.
When compared to the postcode district it is £12k less expensive than the average property in NG24.
The closest station to 47, Clarks Lane, Newark is Newark Northgate station which is 500 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 47, Clarks Lane, Newark, 34.2% of property is privately owned with a mortgage and 31.6% 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 47, Clarks Lane, Newark, 17.4% of residents are recorded as possessing school level qualifications and 17.4% 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 47, Clarks Lane, 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 47, Clarks Lane, Newark, 0.3% 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 47, Clarks Lane, 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.