According to the public record, Renric, Newark is a mid-century freehold house and with 979 ft2 of internal area and sits on a 858 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Wellow Road, Ollerton, Newark, NG22 is located in the borough of Newark and Sherwood within the NG22 postal district.
Renric, Newark has a single entry in the Land Registry database from May 2024 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 Renric Newark as £244,008 and the rental value as £979 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of Renric Newark has increased by £12,967 (5.3%) and its rental value has increased by £19 per month (2.0%).
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 Renric, Newark is in very good condition we estimate a sale value of £256,209 and rental value of £1,028 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,928 and a rental value of £911 per month.
If you were able to purchase this property for the estimated value of £244,008, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,199 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, Renric, Newark sits on a plot of 858m2.
We have plot size data on 11 out of 17 other houses in the postcode and Renric, Newark sits on the 4th largest plot.
According to HM Land Registry, Renric, Newark was last sold on 07 May 2024 for £230,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2024, the market for similar properties has risen 3.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Renric, Newark within a radius of 151m over the last 2 years.
The most recent example is 41, Griceson Close, Newark, NG22 9BD, a Freehold house which sold for £227,500 in Apr 2024.
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, Renric, Newark is the 44th largest and the 44th most expensive property on the street.
When compared to the postcode district it is £15k less expensive than the average property in NG22.
Renric, Newark has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 22 Apr 2024.
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 Renric, 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 Renric, 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 Renric, 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 Renric, 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 Renric, 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 Renric, 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.