According to the public record, School House, Newark is a period freehold house and with 2,098 ft2 of internal area.
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.
School House, Newark has a single entry in the Land Registry database from May 2013 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 School House Newark as £527,194 and the rental value as £1,793 per month giving an expected gross yield of 4.1%.
Over the last 12 months the sale value of School House Newark has increased by £18,727 (3.6%) and its rental value has increased by £26 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 School House, Newark is in very good condition we estimate a sale value of £553,554 and rental value of £1,883 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £490,291 and a rental value of £1,668 per month.
If you were able to purchase this property for the estimated value of £527,194, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,591 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 HM Land Registry, School House, Newark was last sold on 17 May 2013 for £270,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2013, the market for similar properties has risen 54.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to School House, Newark within a radius of 300m over the last 2 years.
The most recent example is Hawthorn House, Bilsthorpe Road, Newark, NG22 0DG, a Freehold house which sold for £550,000 in Jun 2022.
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, School House, Newark is the 8th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £269k more expensive than the average property in NG22.
School House, Newark has an Energy Performance Rating (EPC) of G. This is based on the most recent assessment, dated 09 Jan 2023.
The property is not connected to mains gas and has partial multiple glazing. It is heated using an LPG fired boiler and radiators.
The closest station to School House, 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 School House, 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 School House, 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 School House, 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 School House, 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 School House, 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.