According to the public record, Lilac Cottage, Newark is a period house with 1,980 ft2 of internal area and sits on a 466 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Side Lane, Eakring, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Lilac Cottage, Newark has no recent1 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 Lilac Cottage Newark as £592,971 and the rental value as £1,964 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of Lilac Cottage Newark has increased by £21,063 (3.6%) and its rental value has increased by £29 per month (1.5%).
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 Lilac Cottage, Newark is in very good condition we estimate a sale value of £622,619 and rental value of £2,062 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £551,463 and a rental value of £1,827 per month.
If you were able to purchase this property for the estimated value of £592,971, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,914 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, Lilac Cottage, Newark sits on a plot of 466m2.
We have plot size data on 2 out of 3 other houses in the postcode and Lilac Cottage, Newark sits on the largest plot.
According to HM Land Registry, Lilac Cottage, Newark was last sold on 24 Jul 1998 for £50,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Lilac Cottage, Newark within a radius of 185m over the last 2 years.
The most recent example is Santana, Back Lane, Newark, NG22 0DJ, a Freehold house which sold for £525,000 in Aug 2023.
Read more about house prices in NG22.
Side Lane, Eakring, Newark, NG22 has a total of 3 addresses. According to our analysis of all the public data, Lilac Cottage, Newark is the largest and the most expensive property on the street.
When compared to the postcode district it is £334k more expensive than the average property in NG22.
Lilac Cottage, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Oct 2014.
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 Lilac Cottage, Newark is Rolleston station which is 11.3 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 Lilac Cottage, Newark, 49.0% of property is privately owned outright and 32.8% 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 Lilac Cottage, Newark, 13.6% of residents are recorded as possessing school level qualifications and 40.4% 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 Lilac Cottage, Newark, the average age was 45.1 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 Lilac Cottage, Newark, 1.1% 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 Lilac Cottage, 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.