According to the public record, Karian, Newark is a mid-century freehold house and with 957 ft2 of internal area and sits on a 2,850 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Trent Lane, Besthorpe, Newark, NG23 is located in the borough of Newark and Sherwood within the NG23 postal district.
Karian, Newark has a single entry in the Land Registry database from June 2022 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 Karian Newark as £349,741 and the rental value as £1,208 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Karian Newark has increased by £12,533 (3.6%) and its rental value has increased by £49 per month (4.1%).
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 Karian, Newark is in very good condition we estimate a sale value of £367,228 and rental value of £1,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £325,259 and a rental value of £1,124 per month.
If you were able to purchase this property for the estimated value of £349,741, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,719 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, Karian, Newark sits on a plot of 2850m2.
We have plot size data on 6 out of 8 other houses in the postcode and Karian, Newark sits on the largest plot.
According to HM Land Registry, Karian, Newark was last sold on 17 Jun 2022 for £395,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Jun 2022, the market for similar properties has dropped 0.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Karian, Newark within a radius of 353m over the last 2 years.
The most recent example is Cedar Tree Cottage, Main Road, Newark, NG23 7HR, a Freehold house which sold for £270,000 in Sep 2023.
Read more about house prices in NG23.
Trent Lane, Besthorpe, Newark, NG23 has a total of 8 addresses. According to our analysis of all the public data, Karian, Newark is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £20k less expensive than the average property in NG23.
Karian, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Feb 2022.
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 Karian, Newark is Collingham station which is 3.3 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 Karian, Newark, 50.6% of property is privately owned outright and 33.7% 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 Karian, Newark, 19.3% of residents are recorded as possessing school level qualifications and 34.9% 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 Karian, Newark, the average age was 48.6 and the most common age was 72.
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 Karian, Newark, 3.8% 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 Karian, Newark, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.