According to the public record, Lancastria, Newark is a mid-century house with 1,506 ft2 of internal area.
Houses of this size in this area normally have 4 bedrooms with a garden.
Wellow Road, Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Lancastria, Newark has no records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 Lancastria Newark as £307,139 and the rental value as £1,162 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of Lancastria Newark has increased by £14,987 (4.9%) and its rental value has increased by £18 per month (1.6%).
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 Lancastria, Newark is in very good condition we estimate a sale value of £322,496 and rental value of £1,220 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £285,639 and a rental value of £1,081 per month.
If you were able to purchase this property for the estimated value of £307,139, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,509 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lancastria, Newark within a radius of 320m over the last 2 years.
The most recent example is 21, Griceson Close, Newark, NG22 9BD, a Freehold house which sold for £325,000 in Mar 2023.
Read more about house prices in NG22.
Wellow Road, Ollerton, Newark, NG22 has a total of 57 addresses. According to our analysis of all the public data, Lancastria, Newark is the 24th largest and the 29th most expensive property on the street.
When compared to the postcode district it is £49k more expensive than the average property in NG22.
Lancastria, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 2022.
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 Lancastria, Newark is Shirebrook station which is 12.4 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 Lancastria, 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 Lancastria, 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 Lancastria, 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 Lancastria, 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 Lancastria, 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.