Property profile

5 Read CloseFernwood

NG24 3FY

Farndon & Fernwood

Area profile →

Map showing 5 Read Close, Fernwood, Newark

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£185,000

Terraced sold in Farndon & Fernwood

The box shows the middle 50% of terraced sale prices, the whiskers show the 5th to 95th percentile, and the marker shows this property's estimated price.

Half of similar homes sold within the box; most sold within the wider line.

An indicative model estimate, not a survey or formal valuation.

This property vs market

Last sold08 Aug 2025
£175,000Change since last sale: +£10,000 (+5.9%)
Annualised change
+5.4% per yearNewark and Sherwood annualised change (terraced) since 2025: +5.1% per yearThis property's value is moving in line with the market
Price per sq ftLocal median £210 per sq ft
£233 per sq ftEstimate vs local median: +£23 per sq ft (+11%)
Local sold pricesMedian for terraced in Farndon & Fernwood
£196,500Estimate vs local median: −£11,000 (−5.7%)
How this estimate is calculated

Area360's automated valuation uses available property details, recorded sales and local market data to estimate a sale price. This automated estimate is a guide, not a survey, mortgage valuation or formal valuation. See the valuation methodology and limitations.

Estimate calculated .

Property facts

Property typeHouse / Mid-Terrace
TenureFreehold
Construction period2003-2006
Floor area74 m² / 797 sq ft
Rooms5 habitable / 5 heated
EPC ratingC
EPC inspection27 Sept 2021

Sales history

DatePriceChange
08 Aug 2025£175,000+29%
16 Jan 2019£135,500+25%
30 Jun 2005£108,443-

Local market

Property prices in Farndon & Fernwood

Median price£275,496
Price per sq ft£251
Sales (last 12 months)163
Typical range (middle 50%)£223K – £358K

Based on 163 recent sales, the median property price is £275,496 (about £251 per square foot) in Farndon & Fernwood area, with individual transactions ranging from £88,000 up to £1,175,000.

Prices by property typelast 12 months

Median sale price, median price per square foot, sales count, and percentile information for each property type in Farndon & Fernwood over the last year.
TypeSalesMedian£/sq ft
Detached93£340,000£266
Semi-Detached35£240,000£248
Terraced26£196,500£210
Flats9£115,000£176

10-year price trendmedian sale price in Farndon & Fernwood

Sale price

Ten year median sale price trend for each property type in Farndon & Fernwood.
YearDetachedFlatsSemi-DetachedTerraced
2016£259,975£92,000£175,000£170,000
2017£267,000£87,500£168,000£153,000
2018£266,000£86,250£179,000£140,000
2019£289,995£90,000£197,995£160,000
2020£321,533£94,000£214,995£169,000
2021£295,000£104,000£225,495£178,000
2022£352,995£106,825£256,000£207,500
2023£344,995£108,500£255,498£200,000
2024£350,000£117,500£237,748£205,500
2025£337,500£108,750£235,000£195,000
2026£335,000£120,000£240,000£172,500
Ten year median sale price trend for each property type in Farndon & Fernwood.

Price per sq ft

Ten year median sale price per square foot trend for each property type in Farndon & Fernwood.
YearDetachedFlatsSemi-DetachedTerraced
2016£196£143£181£151
2017£188£143£185£145
2018£200£161£184£172
2019£220£142£195£182
2020£231£149£195£179
2021£243£151£241£188
2022£274£171£246£224
2023£267£171£262£201
2024£260£188£244£190
2025£265£175£252£206
2026£255£180£228£209
Ten year median sale price per square foot trend for each property type in Farndon & Fernwood.

Price distribution by property typelast 12 months

Price distribution by property type for Farndon & Fernwood in the last year.

Recent sales

There were 50+ recent sold properties in the last 18 months near NG24 3FY.

Recent sold properties in the last 18 months near NG24 3FY
DateAddressTypeTenurePriceMap
26 May 202610, Read Close, Newark, NG24 3FYTerracedFreehold£165,000
16 Jan 20266, Read Close, Newark, NG24 3FYTerracedFreehold£165,000
15 Sept 20257, Read Close, Newark, NG24 3FYTerracedFreehold£185,000
08 Aug 20255, Read Close, Newark, NG24 3FYTerracedFreehold£175,000
30 Mar 202657, Dale Crescent, Newark, NG24 3JTTerracedFreehold£157,500

Other properties at this postcode

AddressTenureFloor areaLast sale
1, Read Close, Fernwood, NewarkFreehold91 m²£130,000 (2016)
2, Read Close, Fernwood, NewarkFreehold75 m²£145,000 (2019)
3, Read Close, Fernwood, NewarkFreehold77 m²£141,000 (2017)
4, Read Close, Fernwood, NewarkFreehold76 m²£123,000 (2013)
6, Read Close, Balderton, NewarkFreehold76 m²£165,000 (2026)
7, Read Close, Fernwood, NewarkFreehold77 m²£185,000 (2025)
8, Read Close, Fernwood, NewarkFreehold76 m²£105,000 (2005)
9, Read Close, Fernwood, NewarkFreehold83 m²£120,000 (2016)
10 Read Close, Fernwood, NewarkFreehold75 m²£165,000 (2026)
11, Read Close, Fernwood, NewarkFreehold76 m²£116,500 (2005)

Area insights for NG24 3FY

Full area profile →

Overview

Postcode NG24 3FY is located in an urban city, within the Farndon & Fernwood ward of Newark and Sherwood in the East Midlands region, and forms part of the Fernwood, Farndon & Fiskerton area. It has very low deprivation and average crime levels, with around 56.7 crimes per 1,000 residents per year, about 41% below the East Midlands average of 96 per 1,000. The average income per household in Fernwood, Farndon & Fiskerton is £61,717 per year. The nearest station is Newark North Gate, about 2.6 miles away. There are 2 primary and 1 secondary schools in the area. There is 1 park nearby, the closest large park is The Meadow.

Crime rate
6/10
Crimes per 1k residents
57
Deprivation level
1/10
Income level
9/10
Social housing
0.8%
Connectivity
N/A
Flood Risk
No risk
Noise Level
Moderate

Deprivation level

1/10

Fernwood, Farndon & Fiskerton has a very low level of deprivation, ranked at position 31,415 out of 32,844 areas in the United Kingdom, placing it within the bottom 4% least deprived areas in England.

Crime level

6/10

Fernwood, Farndon & Fiskerton has an average crime rate, with approximately 56.7 reported incidents per 1,000 population each year.

Social housing

0.8%

Approximately 0.8% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 7.1% of dwellings are socially rented.

Income level

9/10

The average income per household in Fernwood, Farndon & Fiskerton is £61,717 per year.

Noise Level

Moderate

Moderate noise level (65.0-69.9 dB) from road, approximately 234 ft away from NG24 3FY.

Flood risk

No risk

Fernwood, Farndon & Fiskerton near NG24 3FY has no flood risk (less than 0.1% chance of a flood each year) from rivers and sea.

Transport

The nearest station is Newark North Gate located about 2.6 miles away. There are no other stations nearby.

Parks

Nearby parks and green spaces for NG24 3FY
DistanceNameSizeDirections
0.4 miThe MeadowLargeWalking directions to The Meadow

Area Profile

Population
317
Population density
62.9 per km²

Crime

Crime per 1,000 population

Anti-social behaviour
23.41(+39%)
Violence and sexual offences
20.95(-39%)
Shoplifting
19.72(+127%)
Criminal damage and arson
8.63(+16%)
Vehicle crime
7.39(+79%)
East Midlands average

Demographics

Ethnic groups

British
271
84.95%
Other White
22
6.9%
Indian
8
2.51%
Other Black
5
1.57%
Other Mixed or Multiple ethnic groups
5
1.57%
Total population: 319

Economics

Education (age 16+)

Level 4+ (Degree)
90
36.59%
Level 3 (A level)
54
21.95%
Level 2 (GCSEs 9-4)
35
14.23%
No qualifications
21
8.54%
Level 1 (GCSEs 3-1)
19
7.72%
Total 16+ residents: 246

Housing

Housing tenure

Owns with a mortgage
56
42.75%
Private landlord or letting agency
36
27.48%
Owns outright
26
19.85%
Shared ownership
11
8.4%
Social rents from council
1
0.76%
Total households: 131

Schools

In the NG24 3FY postcode area, located within Fernwood, Farndon & Fiskerton, there are 2 primary and 1 secondary schools in close proximity.

Nearby primary and secondary schools for NG24 3FY
DistancePhaseNameTypeRating
0.4 miSecondaryThe Suthers SchoolFree schools

Good

0.7 miPrimaryChuter Ede Primary SchoolCommunity school

Outstanding

0.9 miPrimaryJohn Hunt AcademyAcademy converter

N/A

Local amenities

2 nearby supermarkets & convenience stores within mi of NG24 3FY

Nearby supermarkets & convenience stores for NG24 3FY
DistanceNameAddressDirections
0.2 miOne StopRubys Avenue, Fernwood, Newark, NG24 3RQWalking directions to One Stop
0.2 miBudgensGreat North Road, Fernwood, Newark, NG24 3JGWalking directions to Budgens