8 Gilstrap Close, Newark, NG24 2LB is a freehold detached property built between 1950-1966. The property offers approximately 614 square feet of living space. In this location, properties of similar size usually have one bedroom.

The estimated current market value of the property is £256,419 , which equates to approximately £418 per square foot. It was last sold on 1 Aug 2014 for £165,000. Since then, the value has increased by £91,419, representing a 55.4% increase, or approximately 4.9% per year.

The current estimated value of £256,419 is:

  • 7.4% higher than the average property price on Gilstrap Close
  • 14.5% higher than the average in the NG24 2LB postcode area
  • and 7.0% higher than the average price for Newark as a whole

This property has had 2 EPC inspections with recorded tenure information. It was recorded as owner-occupied both times. This suggests the property has typically been lived in by its owners, which often reflects longer-term residency and more consistent maintenance.

At the most recent EPC inspection on 22 May 2014, the property was recorded as owner-occupied.

View sold house prices in NG24 2LB

Building approximate location

About Property

Type
Detached Bungalow
Built
1950-1966
Interior Size
614 sq ft
Tenure
Freehold
Price (estimate)
£256,419
Price Per sq ft (estimate)
£418
Bedroom Count (estimate)
1 bedroom

EPC Summary

8 Gilstrap Close, Newark, Newark And Sherwood, Nottinghamshire, NG24 2LB has an Energy Performance Certificate (EPC) rating of D, based on the latest assessment carried out on 22 May 2014.

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 the main heating system, though the cylinder has no thermostat. The windows are fully double glazed.

The previous EPC assessment was conducted on 9 Mar 2009, when the property was rated E. Since then, the rating has improved to D, with the energy efficiency score increasing by 25.5%.

Since the previous assessment, several changes were observed:

  • The main heating energy efficiency improving from average to good, while the heating system type remained the same (boiler and radiators, mains gas).
  • The hot water system was changed from from main system, no cylinderstat to from main system, no cylinder thermostat, with its energy efficiency improving from poor to average.
  • The roof construction or insulation changed from pitched, limited insulation (assumed) to roof room(s), insulated, improving energy efficiency from very poor to average.
  • The windows were upgraded from partial double glazing to fully double glazed.
  • The lighting was updated from low energy lighting in 70% of fixed outlets to no low energy lighting, with efficiency changing from very good to very poor.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system, no cylinder thermostat
Average
Roof
Roof room(s), insulated
Average
Walls
Cavity wall, filled cavity
Good
Windows
Fully double glazed
Good
Lighting
No low energy lighting
Very Poor

Compared to NG24 2LB

3 rd / 10
Price Rank
14% higher than average
7 th / 7
Size Rank
32% smaller than average
1 st / 7
Price Per Sq FT Rank
69% higher than average

Compared to other properties in NG24 2LB , this bungalow's estimated value ranks 3rd out of 10. Based on price per square foot, it ranks 1st out of 7 properties. This suggests a relatively high price per square foot, which may reflect quality, location, or recent upgrades. In terms of size, this home ranks 7th out of 7 properties in its postcode area.

Sale History

Today
£256,419
streetscan.co.uk estimate
+55 %
1 Aug 2014
£165,000
Leasehold
+32 %
15 Jun 2009
£125,000
Leasehold

Area Insights

Nearby Properties

rooms: 5
size: 986 sq ft
sale price: £168,000
sale date: 18 May 2018
rooms: 4
size: 980 sq ft
sale price: £140,000
sale date: 7 Oct 2016
rooms: 4
size: 990 sq ft
sale price: £177,500
sale date: 15 Sep 2016
rooms: 5
size: 947 sq ft
sale price: £212,500
sale date: 19 Aug 2022
rooms: 5
size: 1039 sq ft
sale price: £148,500
sale date: 17 Sep 2010

Data Sources

The property at 8 Gilstrap Close, Newark, NG24 2LB appears two times in the Land Registry records, with the latest transaction recorded on 1 Aug 2014. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 22 May 2014. 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.