5 Read Close, Fernwood, Newark, NG24 3FY is a freehold terraced property built between 2003-2006. The property offers approximately 797 square feet of living space. In this location, properties of similar size usually have two bedrooms.

The estimated current market value of the property is £180,667 , which equates to approximately £227 per square foot. It was last sold on 16 Jan 2019 for £135,500. Since then, the value has increased by £45,167, representing a 33.3% increase, or approximately 4.8% per year.

The current estimated value of £180,667 is:

  • 2.7% lower than the average property price on Read Close
  • 7.6% higher than the average in the NG24 3FY postcode area
  • and 24.6% lower than the average price for Newark as a whole

At the most recent EPC inspection on 27 September 2021, the property was recorded as rented.

View sold house prices in NG24 3FY

Building approximate location

About Property

Type
Terraced House
Built
2003-2006
Interior Size
797 sq ft
Tenure
Freehold
Price (estimate)
£180,667
Price Per sq ft (estimate)
£227
Bedroom Count (estimate)
2 bedrooms

EPC Summary

5 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 27 Sep 2021.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 19 Jan 2011, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 8.6%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency changing from very good to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water energy efficiency changing from very good to good, while the system remained as from main system.
  • The roof construction or insulation changed from pitched, 250 mm loft insulation to pitched, 200 mm loft insulation, with no change in energy efficiency (good).
  • The lighting was updated from low energy lighting in all fixed outlets to low energy lighting in 30% of fixed outlets, with efficiency changing from very good to average.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Roof
Pitched, 200 mm loft insulation
Good
Walls
Cavity wall, as built, insulated (assumed)
Good
Windows
Fully double glazed
Average
Lighting
Low energy lighting in 30% of fixed outlets
Average

Compared to NG24 3FY

14 th / 21
Price Rank
8% higher than average
13 th / 18
Size Rank
1% bigger than average
9 th / 18
Price Per Sq FT Rank
6% higher than average

Compared to other properties in NG24 3FY , this house's estimated value ranks 14th out of 21. Based on price per square foot, it ranks 9th out of 18 properties. In terms of size, this home ranks 13th out of 18 properties in its postcode area.

Sale History

Today
£180,667
streetscan.co.uk estimate
+33 %
16 Jan 2019
£135,500
Leasehold
+25 %
30 Jun 2005
£108,443
Leasehold

Area Insights

Similar Properties Sold Nearby

15 Read Close, Fernwood, Newark, NG24 3FY
rooms: 5
size: 829 sq ft
sale price: £180,000
sale date: 2 Dec 2022
12 Read Close, Fernwood, Newark, NG24 3FY
rooms: 5
size: 807 sq ft
sale price: £181,500
sale date: 18 Oct 2022
2 Read Close, Fernwood, Newark, NG24 3FY
rooms: 5
size: 807 sq ft
sale price: £145,000
sale date: 20 Sep 2019
7 Read Close, Fernwood, Newark, NG24 3FY
rooms: 5
size: 829 sq ft
sale price: £135,500
sale date: 16 Jan 2019
3 Read Close, Fernwood, Newark, NG24 3FY
rooms: 5
size: 825 sq ft
sale price: £141,000
sale date: 26 May 2017

Data Sources

The property at 5 Read Close, Fernwood, Newark, NG24 3FY appears two times in the Land Registry records, with the latest transaction recorded on 16 Jan 2019. It also has three Energy Performance Certificates (EPC) entries, the earliest dating back to 27 Sep 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.
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