According to the public record, 7, Cinder Lane, Newark is a mid-century freehold house and with 1,065 ft2 of internal area and sits on a 310 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Cinder Lane, Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
7, Cinder Lane, Newark has 4 entries in the Land Registry database, most recently in September 2023 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 7 Cinder Lane Newark as £225,632 and the rental value as £984 per month giving an expected gross yield of 5.2%.
Over the last 12 months the sale value of 7 Cinder Lane Newark has increased by £11,991 (5.3%) and its rental value has increased by £20 per month (2.0%).
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 7, Cinder Lane, Newark is in very good condition we estimate a sale value of £236,913 and rental value of £1,033 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £209,837 and a rental value of £915 per month.
If you were able to purchase this property for the estimated value of £225,632, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,109 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, 7, Cinder Lane, Newark sits on a plot of 310m2.
We have plot size data on 11 out of 25 other houses in the postcode and 7, Cinder Lane, Newark sits on the 4th largest plot.
According to HM Land Registry, 7, Cinder Lane, Newark was last sold on 08 Sep 2023 for £235,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Sep 2023, the market for similar properties has risen 4.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Cinder Lane, Newark within a radius of 158m over the last 2 years.
The most recent example is Renric, Wellow Road, Newark, NG22 9BB, a Freehold house which sold for £230,000 in May 2024.
Read more about house prices in NG22.
Cinder Lane, Ollerton, Newark, NG22 has a total of 25 addresses. According to our analysis of all the public data, 7, Cinder Lane, Newark is the 4th largest and the 4th most expensive property on the street.
When compared to the postcode district it is £33k less expensive than the average property in NG22.
7, Cinder Lane, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Jun 2016.
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 7, Cinder Lane, Newark is Shirebrook station which is 12.6 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 7, Cinder Lane, Newark, 69.9% of property is privately owned outright and 23.1% 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 7, Cinder Lane, Newark, 10.3% of residents are recorded as possessing school level qualifications and 22.6% 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 7, Cinder 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 7, Cinder Lane, Newark, 1.0% 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 7, Cinder Lane, Newark, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.