According to the public record, May Cottage, Newark is a modern freehold house and with 1,024 ft2 of internal area and sits on a 413 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Mill Lane, Eakring, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
May Cottage, Newark has 31 entries in the Land Registry database, most recently in February 2021 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 May Cottage Newark as £413,197 and the rental value as £1,439 per month giving an expected gross yield of 4.2%.
Over the last 12 months the sale value of May Cottage Newark has increased by £14,924 (3.6%) and its rental value has increased by £22 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 May Cottage, Newark is in very good condition we estimate a sale value of £433,857 and rental value of £1,511 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £384,273 and a rental value of £1,339 per month.
If you were able to purchase this property for the estimated value of £413,197, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,031 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, May Cottage, Newark sits on a plot of 413m2.
We have plot size data on 7 out of 7 other houses in the postcode and May Cottage, Newark sits on the 6th largest plot.
According to HM Land Registry, May Cottage, Newark was last sold on 12 Feb 2021 for £350,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Feb 2021, the market for similar properties has risen 9.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to May Cottage, Newark within a radius of 128m over the last 2 years.
The most recent example is Magnolia Cottage, Kirklington Road, Newark, NG22 0DA, a Freehold house which sold for £340,000 in Aug 2021.
Read more about house prices in NG22.
Mill Lane, Eakring, Newark, NG22 has a total of 7 addresses. According to our analysis of all the public data, May Cottage, Newark is the 6th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £155k more expensive than the average property in NG22.
May Cottage, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 14 Mar 2012.
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 May Cottage, Newark is Rolleston station which is 11.2 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 May 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 May 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 May 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 May 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 May 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.