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.