Area Guide For Newark

Newark-on-Trent is a business/Market sector town in Nottinghamshire in the East Midlands of England. It remains on the River Trent, the A1, and the East Coast Main line. The beginnings of the town are perhaps Roman as it lies on a critical Roman street, the Fosse Way. The town became around Newark Castle, now demolished, and a substantial commercial centre, now lined with memorable structures. It was a neighbourhood habitat for the downy and fabric exchange. Amid the English Civil War it was assaulted by Parliamentary powers, and must be soothed by Prince Rupert in a fight known as the Relief of Newark. The assessed populace in 2007 was 26,330.


Newark Map

Estimated Price: £186,275
Average Asking Price: £671,340
Price change in last one year: £9,822
Average Price Paid: £165,921
Average Rent Rates: £22,970


Property Prices Breakdown in Newark

Average Price for property in Newark is around £186,275 which varies based on type of property you are interested in and ranges from £260,422 for detached house to around £135,099 for semi-detached. Similarly terraced house is around £118,205 and a flat is worth £101,556. Values have been changing and have risen £145 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £1,594 in last 6 months, £9,822 in last 1 year, £23,166 in last 2 years, £16,712 in last 3 years, £22,522 in last 4 years and £18,723 in last 5 years.

Currently average asking price of a property in Newark is around £671,340 based on approximately 1,383 properties for sale. Same is the case with rental options based on 121 properties up for rent, average asking rent is around £22,970 per month.

Estimated property value in Newark is £186,275. Average asking price is £671,340 while average price paid is £172,532 which is up by £9,822 and Avg. asking rent £22,970.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Newark area. In last 1 year alone average price buyer paid is around £172,532 based on approximately 1,383 sales in Newark area alone. If you compare it to last 3 years sales of 3,871 properties where buyers paid around £166,867. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £165,921 for 6,102 and average amount paid for purchase of approx. 8,269 properties sold in last 7 years comes to about £164,547 per sale.


Properties For Sale in Newark


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £136,080, £128,339 for a 2 bedroom house, £185,091 for a 3 bedroom house, £311,656 for a 4 bedroom house and £474,157 for a 5 bedroom house. For a flat similarly the prices varies from £113,033 for a single bedroom to £97,166 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £145,000 and £395,000 for a 4 bedroom flat. To sum up the asking prices for properties in Newark it comes to around average £118,795 for 1 bedroom property, £121,347 for 2 bedroom, £184,939 for 3 bedroom, £312,127 for 4 bedroom and £474,157 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £394 for 1 bedroom to £507 for 2 bedrooms, £600 for 3 bedrooms, £924 for 4 bedrooms and £1,274 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £467. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £489 and £693 for 3 bedroom. You should be generally be expecting around average £460 rent per month for single bedroom property, £499 for 2 bedroom, £605 for 3 bedroom, £924 for 4 bedroom and approximately £1,274 for a 5 bedroom property in Newark area.

Popular Houses in Newark

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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