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House Prices in NG24 House Prices in NG24 (Newark)

The average house price in NG24 (Newark) is £200,419 using HM Land Registry data.

The average property price increased by £42,766 (34.77%) over the last 5 years and increased by £8,569 (4.95%) over the last 12 months.

Over the last year, there were 512 residential property sales – a decrease of 247 transactions (-48.24%) relative to the previous year. The majority of house sales (117) were in the £164,000 - £208,000 range. Then came properties in the £120,000 - £164,000 range, where 109 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-5,237 (-2%).

In Oct 24, there were 103 new estate agency instructions, 101 agreed home sales and 74 property price reductions.

Nearby Postcodes: LN1, LN2, LN4, LN5, LN6, NG13, NG14, NG22, NG23, NG25, NG32, NG34

5-Year Average Property Prices in NG24 (Newark)

34.77%

Property prices in Newark increased by 34.77% 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 NG24 (Newark) Over the Last Year

4.95%

Property prices in Newark increased by 4.95% 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 NG24 (Newark) - Oct 24

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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer 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 NG24 (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 NG24 (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 NG24 (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 NG24 (Newark) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the NG24 postcode area since 1995.

Recent Sales in NG24 (Newark)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 John Gold Avenue, Newark, Nottinghamshire, NG24 1RU£350,000£342,500-£7,50018 Jul 202330 Aug 2024409 Days
Win-wood, The Spinney, Winthorpe, Newark, Nottinghamshire, NG24 2NT£575,000£570,000-£5,00029 Sep 202329 Aug 2024335 Days
4 Kew Gardens, Balderton, Newark, Nottinghamshire, NG24 3EU£220,000£220,000£0021 Mar 202428 Aug 2024160 Days
24 Beaconsfield Drive, Coddington, Newark, Nottinghamshire, NG24 2RX£425,000£425,000£0013 May 202416 Aug 202495 Days
29 Smith Street, Newark, Nottinghamshire, NG24 1RE£160,000£155,000-£5,00014 May 202416 Aug 202494 Days
1 Beacon Heights, Newark, Nottinghamshire, NG24 2JS£270,000£255,000-£15,00012 Mar 202405 Aug 2024146 Days
15 Penswick Grove, Coddington, Newark, Nottinghamshire, NG24 2QL£270,000£250,000-£20,00020 Sep 202305 Aug 2024320 Days
28 Adwalton Close, Newark, Nottinghamshire, NG24 2GT£310,000£310,000£0029 Feb 202401 Aug 2024154 Days
92 Albert Street, Newark, Nottinghamshire, NG24 4BB£230,000£219,500-£10,50024 Jan 202401 Aug 2024190 Days
48 Charles Street, Newark, Nottinghamshire, NG24 1RL£150,000£147,684-£2,31619 Feb 202431 Jul 2024163 Days
16 Hardwick Avenue, Newark, Nottinghamshire, NG24 4AW£220,000£220,000£0019 Jun 202426 Jul 202437 Days
87 Boundary Road, Newark, Nottinghamshire, NG24 4AS£230,000£202,500-£27,50008 Apr 202424 Jul 2024107 Days
34 Youngs Avenue, Fernwood, Newark, Nottinghamshire, NG24 3FG£162,000£160,000-£2,00002 Apr 202423 Jul 2024112 Days
56 Goldstraw Lane, Fernwood, Newark, Nottinghamshire, NG24 3FF£240,000£232,500-£7,50011 Mar 202419 Jul 2024130 Days
5 Smithson Close, Balderton, Newark, Nottinghamshire, NG24 3DX£160,000£160,000£0007 Feb 202419 Jul 2024163 Days
57 Magdalene View, Newark, Nottinghamshire, NG24 2HZ£325,000£322,500-£2,50001 Feb 202418 Jul 2024168 Days
45 Wood Street, Newark, Nottinghamshire, NG24 1PN£160,000£152,500-£7,50026 Feb 202418 Jul 2024143 Days
75b, Rowan Way, Balderton, Newark, Nottinghamshire, NG24 3AU£300,000£300,000£0005 Sep 202315 Jul 2024314 Days
22 Goldstraw Lane, Fernwood, Newark, Nottinghamshire, NG24 3FF£115,000£112,000-£3,00005 Jul 202415 Jul 202410 Days
22 Thorpe Close, Coddington, Newark, Nottinghamshire, NG24 2PZ£210,000£210,000£0002 Apr 202412 Jul 2024101 Days

Most Expensive Streets in NG24 (Newark)

PostcodeStreetAreaAverageNo. of Sales
NG24 2JPBeacon Hill RoadNewark£695,6663
NG24 3GGThe Woodwards, BaldertonNewark£623,3333
NG24 3GNGlebe Park, BaldertonNewark£595,0004
NG24 2LXGrant CloseNewark£512,7504
NG24 2NRGainsborough Road, WinthorpeNewark£475,8336
NG24 2NEBarnby RoadNewark£455,4166
NG24 3SAMain Street, FarndonNewark£452,6005
NG24 2PWChapel Lane, CoddingtonNewark£452,5004
NG24 1JYThe Friary, Appleton GateNewark£451,2504
NG24 3TLFosse Road, FarndonNewark£450,7504

Least Expensive Streets in NG24 (Newark)

PostcodeStreetAreaAverageNo. of Sales
NG24 1DUMarket PlaceNewark£72,5004
NG24 4XQPortland CourtNewark£72,6663
NG24 2RJClover GardensNewark£73,8124
NG24 4PFForster AvenueNewark£77,7503
NG24 4GACollege CloseNewark£81,0005
NG24 3FPAinsdale Close, FernwoodNewark£82,6666
NG24 2FAApple Tree CloseNewark£85,0008
NG24 3JXSherwood Lodge, North DriveNewark£85,1663
NG24 4PJThorpe CloseNewark£86,1663
NG24 4EDCastle Brewery CourtNewark£88,5009

Explore NG24 (Newark) using map

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