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House Prices in NG23 House Prices in NG23 (Newark)

The average house price in NG23 (Newark) is £370,313 using HM Land Registry data.

The average property price increased by £84,422 (25.34%) over the last 5 years and increased by £16,911 (3.84%) over the last 12 months.

Over the last year, there were 191 residential property sales – a decrease of 30 transactions (-15.71%) relative to the previous year. The majority of house sales (45) were in the £260,000 - £340,000 range. Then came properties in the £180,000 - £260,000 range, where 43 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 175 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,522 (-2%).

In January 2025, there were 26 new estate agency instructions, 28 agreed home sales and 22 property price reductions.

Nearby Postcodes: DN21, DN22, DN36, LE14, LN1, LN10, LN11, LN12, LN13, LN2, LN3, LN4, LN5, LN6, LN8, LN9, NG12, NG13, NG14, NG20, NG21, NG22, NG24, NG25, NG3, NG31, NG32, NG33, NG34, NG4, NG5, PE22, PE23, PE24, S80

5-Year Average Property Prices in NG23 (Newark)

25.34%

Property prices in NG23 (Newark) increased by 25.34% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in NG23 (Newark) Over the Last Year

3.84%

Property prices in NG23 (Newark) increased by 3.84% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for NG23 (Newark) - January 2025

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in NG23 (Newark)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in NG23 (Newark)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in NG23 (Newark)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the NG23 (Newark) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG23 postcode area since 1995.

Recent Sales in NG23 (Newark)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
24 Crew Road, Collingham, Newark, Nottinghamshire, NG23 7ST£210,000£210,000£031 Aug 202406 Dec 202497 Days
Chestnut Barn, Syerston Hall Park, Syerston, Newark, Nottinghamshire, NG23 5NL£750,000£685,000-£65,00002 Aug 202303 Dec 2024489 Days
7 The Lawns, Collingham, Newark, Nottinghamshire, NG23 7NT£300,000£275,000-£25,00026 Jun 202414 Nov 2024141 Days
14 Barnfield Road, Collingham, Newark, Nottinghamshire, NG23 7SN£230,000£230,000£022 Sep 202308 Nov 2024413 Days
1 Canon Stevens Close, Collingham, Newark, Nottinghamshire, NG23 7RH£375,000£370,000-£5,00030 Apr 202430 Oct 2024183 Days
20a, High Street, Sutton On Trent, Newark, Nottinghamshire, NG23 6QA£330,000£315,000-£15,00020 Sep 202329 Oct 2024405 Days
36 Crow Park Avenue, Sutton On Trent, Newark, Nottinghamshire, NG23 6QG£220,000£205,000-£15,00019 Mar 202425 Oct 2024220 Days
Meadow Edge, Main Street, South Scarle, Newark, Nottinghamshire, NG23 7JH£395,000£380,000-£15,00005 Jun 202418 Oct 2024135 Days
37 Winters Lane, Long Bennington, Newark, Lincolnshire, NG23 5DW£525,000£495,000-£30,00021 Jun 202418 Oct 2024119 Days
1 Rose Farm Drive, Sutton On Trent, Newark, Nottinghamshire, NG23 6PA£385,000£385,000£014 Jun 202414 Oct 2024122 Days
Witham Bank, Witham Road, Long Bennington, Newark, Lincolnshire, NG23 5DS£700,000£675,000-£25,00024 May 202404 Oct 2024133 Days
West Garth, Chapel Lane, Bathley, Newark, Nottinghamshire, NG23 6DF£325,000£321,000-£4,00005 May 202314 Aug 2024467 Days
16 Home Farm Close, Kelham, Newark, Nottinghamshire, NG23 5QB£450,000£445,000-£5,00026 Jul 202302 Aug 2024373 Days
20 Swallow Drive, Claypole, Newark, Lincolnshire, NG23 5FG£425,000£425,000£026 Feb 202425 Jul 2024150 Days
Warratah, Bathley Lane, Norwell, Newark, Nottinghamshire, NG23 6JS£250,000£250,000£031 May 202419 Jul 202449 Days
75 Moore Close, Claypole, Newark, Lincolnshire, NG23 5AU£350,000£345,000-£5,00007 Mar 202419 Jul 2024134 Days
11 Braemer Road, Collingham, Newark, Nottinghamshire, NG23 7PN£170,000£163,750-£6,25015 Dec 202305 Jul 2024203 Days
5 Pings Close, Besthorpe, Newark, Nottinghamshire, NG23 7HT£150,000£150,000£008 Mar 202425 Jun 2024109 Days
17 Moore Close, Claypole, Newark, Lincolnshire, NG23 5AU£270,000£260,000-£10,00008 Sep 202313 Jun 2024279 Days
Jasmine Cottage, Low Street, Elston, Newark, Nottinghamshire, NG23 5PA£415,000£415,000£001 Mar 202411 Jun 2024102 Days

Most Expensive Streets in NG23 (Newark)

PostcodeStreetAreaAverageNo. of Sales
NG23 5SEStation Road, RollestonNewark£627,5006
NG23 7LHChurch Street, CollinghamNewark£591,6663
NG23 5EUChurch Lane, Long BenningtonNewark£581,6663
NG23 5PWChapel Farm Close, ElstonNewark£576,1005
NG23 7JPChurch Lane, South ScarleNewark£575,7147
NG23 5SUThe Green, UptonNewark£569,1663
NG23 5RZBroadgate Lane, KelhamNewark£553,5003
NG23 5FNHeadland Park, Long BenningtonNewark£551,6663
NG23 7NLLow Street, CollinghamNewark£549,0005
NG23 5QDMoor Lane, East StokeNewark£546,6663

Least Expensive Streets in NG23 (Newark)

PostcodeStreetAreaAverageNo. of Sales
NG23 6HBFerry Lane, North MuskhamNewark£151,5833
NG23 5FSPeacocks Launde, ClaypoleNewark£167,35010
NG23 5DRWelbournes Close, Long BenningtonNewark£168,0003
NG23 7SUCawthorn Close, CollinghamNewark£181,6663
NG23 6QGCrow Park Avenue, Sutton On TrentNewark£182,47711
NG23 7PNBraemer Road, CollinghamNewark£183,4163
NG23 7PWBraemer Road, CollinghamNewark£185,3758
NG23 7STCrew Road, CollinghamNewark£186,63611
NG23 7SZMoor Road, CollinghamNewark£188,7905
NG23 6QQThe Meerings, Sutton On TrentNewark£188,8333

Explore NG23 (Newark) using map

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