According to the public record, 94, Petersmith Drive, Newark is a mid-century freehold house and with 925 ft2 of internal area and sits on a 279 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Petersmith Drive, New Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
94, Petersmith Drive, Newark has 21 entries in the Land Registry database, most recently in October 2020 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 94 Petersmith Drive Newark as £161,820 and the rental value as £806 per month giving an expected gross yield of 6%.
Over the last 12 months the sale value of 94 Petersmith Drive Newark has increased by £9,445 (5.8%) and its rental value has increased by £21 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 94, Petersmith Drive, Newark is in very good condition we estimate a sale value of £169,911 and rental value of £846 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,493 and a rental value of £749 per month.
If you were able to purchase this property for the estimated value of £161,820, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £795 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, 94, Petersmith Drive, Newark sits on a plot of 279m2.
We have plot size data on 14 out of 20 other houses in the postcode and 94, Petersmith Drive, Newark sits on the 6th largest plot.
According to HM Land Registry, 94, Petersmith Drive, Newark was last sold on 08 Oct 2020 for £140,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Oct 2020, the market for similar properties has risen 28.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 94, Petersmith Drive, Newark within a radius of 87m over the last 2 years.
The most recent example is 51, Whitewater Road, Newark, NG22 9XF, a Freehold house which sold for £165,000 in Feb 2022.
Read more about house prices in NG22.
Petersmith Drive, New Ollerton, Newark, NG22 has a total of 187 addresses. According to our analysis of all the public data, 94, Petersmith Drive, Newark is the 43rd largest and the 20th most expensive property on the street.
When compared to the postcode district it is £97k less expensive than the average property in NG22.
94, Petersmith Drive, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 24 Jun 2020.
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 94, Petersmith Drive, Newark is Retford station which is 12.5 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 94, Petersmith Drive, Newark, 38.5% of property is privately owned with a mortgage and 29.1% is privately rented.
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 94, Petersmith Drive, Newark, 23.0% of residents are recorded as possessing school level qualifications and 12.4% 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 94, Petersmith Drive, 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 94, Petersmith Drive, 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 94, Petersmith Drive, Newark, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.