According to the public record, 7, Clarks Lane, Newark is a modern freehold house and with 516 ft2 of internal area and sits on a 109 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Clarks Lane, Newark, NG24 is located in the borough of Newark and Sherwood within the NG24 postal district.
7, Clarks Lane, Newark has 71 entries in the Land Registry database, most recently in October 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 7 Clarks Lane Newark as £143,998 and the rental value as £698 per month giving an expected gross yield of 5.8%.
Over the last 12 months the sale value of 7 Clarks Lane Newark has increased by £4,773 (3.3%) and its rental value has increased by £16 per month (2.3%).
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, Clarks Lane, Newark is in very good condition we estimate a sale value of £151,198 and rental value of £732 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £133,918 and a rental value of £649 per month.
If you were able to purchase this property for the estimated value of £143,998, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £708 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, Clarks Lane, Newark sits on a plot of 109m2.
We have plot size data on 42 out of 56 other houses in the postcode and 7, Clarks Lane, Newark sits on the 40th largest plot.
According to HM Land Registry, 7, Clarks Lane, Newark was last sold on 26 Oct 2018 for £117,500 and was recorded as a freehold house.
The property has had 7 sales since 1995.
Since Oct 2018, the market for similar properties has risen 27.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 7, Clarks Lane, Newark within a radius of 93m over the last 2 years.
The most recent example is 16, Clarks Lane, Newark, NG24 2EF, a Freehold house which sold for £156,000 in Dec 2023.
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, 7, Clarks Lane, Newark is the 51st largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £68k less expensive than the average property in NG24.
7, Clarks Lane, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 28 Sep 2012.
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, 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 7, 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 7, 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 7, 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 7, 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 7, 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.