According to the public record, Grand View, Newark is a mid-century freehold house and with 850 ft2 of internal area and sits on a 709 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Newark Road, Wellow, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Grand View, Newark has 21 entries in the Land Registry database, most recently in August 2017 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 Grand View Newark as £243,579 and the rental value as £921 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Grand View Newark has increased by £11,502 (4.7%) and its rental value has increased by £20 per month (2.1%).
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 Grand View, Newark is in very good condition we estimate a sale value of £255,758 and rental value of £967 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,529 and a rental value of £856 per month.
If you were able to purchase this property for the estimated value of £243,579, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,197 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, Grand View, Newark sits on a plot of 709m2.
We have plot size data on 23 out of 43 other houses in the postcode and Grand View, Newark sits on the 9th largest plot.
According to HM Land Registry, Grand View, Newark was last sold on 07 Aug 2017 for £235,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Aug 2017, the market for similar properties has risen 35.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Grand View, Newark within a radius of 471m over the last 2 years.
The most recent example is Frandor, Newark Road, Newark, NG22 0EA, a Freehold house which sold for £190,000 in Apr 2023.
Read more about house prices in NG22.
Newark Road, Wellow, Newark, NG22 has a total of 75 addresses. According to our analysis of all the public data, Grand View, Newark is the 70th largest and the 53rd most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in NG22.
Grand View, Newark has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Jan 2017.
The property is not connected to mains gas and has fully double glazed windows. It is heated using an oil fired boiler and radiators.
The closest station to Grand View, Newark is Shirebrook station which is 13.8 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 Grand View, Newark, 60.8% of property is privately owned outright and 25.8% 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 Grand View, Newark, 7.2% of residents are recorded as possessing school level qualifications and 39.1% 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 Grand View, Newark, the average age was 48.3 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 Grand View, Newark, 0.4% 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 Grand View, Newark, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.