16 Read Close, Fernwood, Newark, NG24 3FY is a leasehold flat built between 2003-2006. The property offers approximately 560 square feet of living space and is situated on the 1st floor. In this location, apartments of similar size usually have one bedroom.

The estimated current market value of the property is £108,871 , which equates to approximately £195 per square foot. It was last sold on 29 Jun 2005 for £81,000. Since then, the value has increased by £27,871, representing a 34.4% increase, or approximately 1.7% per year.

The current estimated value of £108,871 is:

  • 41.4% lower than the average property price on Read Close
  • 35.1% lower than the average in the NG24 3FY postcode area
  • and 54.6% lower than the average price for Newark as a whole

At the most recent EPC inspection on 9 November 2021, the property was recorded as rented.

View sold house prices in NG24 3FY

Building approximate location

About Property

Type
Flat
Built
2003-2006
Interior Size
560 sq ft
Tenure
Leasehold
Floor level
1st floor
Price (estimate)
£108,871
Price Per sq ft (estimate)
£195
Bedroom Count (estimate)
1 bedroom

EPC Summary

16 Read Close, Fernwood, Newark, Newark And Sherwood, Nottinghamshire, NG24 3FY has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 9 Nov 2021.

This property uses electric storage heaters as its main heating source. Hot water is provided from off-peak electric immersion heater. The windows are fully double glazed.

The previous EPC assessment was conducted on 3 Feb 2010. The rating of C is unchanged, though the energy efficiency score decreased by 6.5%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from poor to average, while the heating system type remained the same (electric storage heaters).
  • The roof construction or insulation changed from pitched, 250mm loft insulation to pitched, 250 mm loft insulation, with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in 33% of fixed outlets to low energy lighting in 83% of fixed outlets, with efficiency improving from average to very good.
Heating Type
Electric storage heaters
Average
Hot Water
Electric immersion, off-peak
Average
Roof
Pitched, 250 mm loft insulation
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Good
Lighting
Low energy lighting in 83% of fixed outlets
Very Good

Compared to NG24 3FY

20 th / 21
Price Rank
35% lower than average
14 th / 18
Size Rank
29% smaller than average
18 th / 18
Price Per Sq FT Rank
9% lower than average

Compared to other properties in NG24 3FY , this flat's estimated value ranks 20th out of 21. Based on price per square foot, it ranks 18th out of 18 properties. This indicates a lower price per square foot than most, suggesting good value for the space offered. In terms of size, this home ranks 14th out of 18 properties in its postcode area.

Sale History

Today
£108,871
streetscan.co.uk estimate
+34 %
29 Jun 2005
£81,000
Leasehold

Area Insights

Similar Properties Sold Nearby

rooms: 3
size: 521 sq ft
sale price: £83,000
sale date: 5 Feb 2016
rooms: 3
size: 484 sq ft
sale price: £99,000
sale date: 2 Nov 2007
rooms: 3
size: 538 sq ft
sale price: £90,000
sale date: 19 Oct 2006
rooms: 3
size: 517 sq ft
sale price: £77,950
sale date: 30 Jun 2005

Data Sources

The property at 16 Read Close, Fernwood, Newark, Newark And Sherwood, Nottinghamshire, NG24 3FY appears once in the Land Registry records, with the transaction recorded on 29 Jun 2005. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 9 Nov 2021. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.