According to the public record, Mill Race Barn, Newark is a modern freehold house with 1,571 ft2 of internal area and sits on a 471 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Market Place, Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Mill Race Barn, Newark has 3 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated June 2016.
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 Mill Race Barn Newark as £438,035 and the rental value as £1,451 per month giving an expected gross yield of 4%.
Over the last 12 months the sale value of Mill Race Barn Newark has increased by £21,374 (4.9%) and its rental value has increased by £23 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 Mill Race Barn, Newark is in very good condition we estimate a sale value of £459,937 and rental value of £1,523 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £407,373 and a rental value of £1,349 per month.
If you were able to purchase this property for the estimated value of £438,035, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,153 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, Mill Race Barn, Newark sits on a plot of 471m2.
We have plot size data on 4 out of 5 other houses in the postcode and Mill Race Barn, Newark sits on the largest plot.
According to HM Land Registry, Mill Race Barn, Newark was last sold on 28 Aug 2020 for £370,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since Aug 2020, the market for similar properties has risen 25.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Mill Race Barn, Newark within a radius of 1.3 kilometres over the last 2 years.
The most recent example is 5, Pensom Court, Newark, NG22 9BF, a Freehold house which sold for £395,000 in Nov 2023.
Read more about house prices in NG22.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Market Place, Ollerton, Newark, NG22 has a total of 8 addresses. According to our analysis of all the public data, Mill Race Barn, Newark is the 3rd largest and the 3rd most expensive property on the street.
When compared to the postcode district it is £180k more expensive than the average property in NG22.
Mill Race Barn, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Jun 2016.
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 Mill Race Barn, Newark is Shirebrook station which is 11.9 kilometres 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 Mill Race Barn, Newark, 56.3% of property is privately owned outright and 26.1% 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 Mill Race Barn, Newark, 11.2% of residents are recorded as possessing school level qualifications and 26.5% 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 Mill Race Barn, 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 Mill Race Barn, Newark, 0.3% 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 Mill Race Barn, 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.