According to the public record, Petlyn Cottage, Newark is a modern freehold house and with 2,303 ft2 of internal area and sits on a 1,566 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Main Street, Eakring, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Petlyn Cottage, Newark has a single entry in the Land Registry database from August 2017 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 Petlyn Cottage Newark as £554,073 and the rental value as £1,885 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of Petlyn Cottage Newark has increased by £19,682 (3.6%) and its rental value has increased by £28 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 Petlyn Cottage, Newark is in very good condition we estimate a sale value of £581,777 and rental value of £1,979 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £515,288 and a rental value of £1,753 per month.
If you were able to purchase this property for the estimated value of £554,073, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,723 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, Petlyn Cottage, Newark sits on a plot of 1566m2.
We have plot size data on 9 out of 22 other houses in the postcode and Petlyn Cottage, Newark sits on the 3rd largest plot.
According to HM Land Registry, Petlyn Cottage, Newark was last sold on 01 Aug 2017 for £450,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Aug 2017, the market for similar properties has risen 24.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Petlyn Cottage, Newark within a radius of 230m over the last 2 years.
The most recent example is Cratley, Back Lane, Newark, NG22 0DJ, a Freehold house which sold for £470,000 in Mar 2023.
Read more about house prices in NG22.
Main Street, Eakring, Newark, NG22 has a total of 23 addresses. According to our analysis of all the public data, Petlyn Cottage, Newark is the 7th largest and the 7th most expensive property on the street.
When compared to the postcode district it is £296k more expensive than the average property in NG22.
Petlyn Cottage, Newark has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 18 Nov 2016.
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 Petlyn Cottage, Newark is Rolleston station which is 11.7 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 Petlyn 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 Petlyn 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 Petlyn 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 Petlyn 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 Petlyn 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.