Property profile

2 Crees Lane

NG24 4TJ

Farndon & Fernwood

Area profile →

Map showing 2, Crees Lane, Newark

Property Price
150k200k250k300k400k500k750k1.5M

Estimated sale price

£450,000

Detached sold in Farndon & Fernwood

The box shows the middle 50% of detached 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

Price per sq ftLocal median £266 per sq ft
£301 per sq ftEstimate vs local median: +£35 per sq ft (+13%)
Local sold pricesMedian for detached in Farndon & Fernwood
£340,000Estimate vs local median: +£111,000 (+33%)
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 / Detached
Construction period1900-1929
Floor area139 m² / 1,496 sq ft
Rooms6 habitable / 6 heated
EPC ratingC
EPC inspection15 Jul 2014

Sales history

No recorded sales for this property in HM Land Registry data.

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 17 recent sold properties in the last 18 months near NG24 4TJ.

Recent sold properties in the last 18 months near NG24 4TJ
DateAddressTypeTenurePriceMap
10 Oct 202523, Brockton Avenue, Newark, NG24 4THDetachedFreehold£350,000
19 Sept 202544, Brockton Avenue, Newark, NG24 4THTerracedFreehold£140,000
23 Jan 202618, The Ivies, Newark, NG24 4SRDetachedFreehold£285,000
27 Jun 20252, The Ivies, Newark, NG24 4SRTerracedFreehold£190,000
30 Apr 202549, The Ivies, Newark, NG24 4SRDetachedFreehold£267,500

Other properties at this postcode

AddressTenureFloor areaLast sale
1, Crees Lane, Newark-169 m²-
Mill House, Crees Lane, NewarkFreehold142 m²£330,000 (2018)
Riverbank House, Crees Lane, Newark-95 m²-

Area insights for NG24 4TJ

Full area profile →

Overview

Postcode NG24 4TJ 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 Newark South West area. It has low deprivation and high crime levels, with around 77.5 crimes per 1,000 residents per year, about 19% below the East Midlands average of 96 per 1,000. The average income per household in Newark South West is £40,963 per year. The nearest station is Newark Castle, about 1.4 miles away. There are 2 primary and no secondary schools in the area.

Crime rate
7/10
Crimes per 1k residents
77
Deprivation level
3/10
Income level
2/10
Social housing
1.5%
Connectivity
N/A
Flood Risk
Low
Noise Level
Medium

Deprivation level

3/10

Newark South West has a low level of deprivation, ranked at position 24,969 out of 32,844 areas in the United Kingdom, placing it within the bottom 24% least deprived areas in England.

Crime level

7/10

Newark South West has a high crime rate, with approximately 77.5 reported incidents per 1,000 population each year.

Social housing

1.5%

Approximately 1.5% of homes on this street are social housing provided by a local council or housing association. Across the surrounding area, around 27.4% of dwellings are socially rented.

Income level

2/10

The average income per household in Newark South West is £40,963 per year.

Noise Level

Medium

Medium noise level (60.0-64.9 dB) from road, approximately 226 ft away from NG24 4TJ.

Flood risk

Low

Newark South West near NG24 4TJ has low flood risk (between 0.1% and 1% chance of a flood each year) from rivers and sea.

Transport

The nearest station is Newark Castle located about 1.4 miles away. There are no other stations nearby.

Parks

No parks nearby

Area Profile

Population
323
Population density
2,077.2 per km²

Crime

Crime per 1,000 population

Violence and sexual offences
59.54(+73%)
Anti-social behaviour
7.89(-53%)
Public order
4.3(-38%)
Shoplifting
3.59(-59%)
Other theft
2.87(-50%)
East Midlands average

Demographics

Ethnic groups

British
286
88.54%
Other White
9
2.79%
Other Mixed or Multiple ethnic groups
6
1.86%
Other
5
1.55%
Chinese
4
1.24%
Total population: 323

Economics

Education (age 16+)

Level 4+ (Degree)
105
35.59%
Level 3 (A level)
51
17.29%
Level 2 (GCSEs 9-4)
47
15.93%
No qualifications
38
12.88%
Level 1 (GCSEs 3-1)
35
11.86%
Total 16+ residents: 295

Housing

Housing tenure

Owns outright
53
39.85%
Owns with a mortgage
48
36.09%
Private landlord or letting agency
24
18.05%
Other forms of private rent
6
4.51%
Social rents from council
2
1.5%
Total households: 133

Schools

In the NG24 4TJ postcode area, located within Newark South West, there are 2 primary and 0 secondary schools in close proximity.

Nearby primary and secondary schools for NG24 4TJ
DistancePhaseNameTypeRating
0.5 miPrimarySt Peter's Crosskeys CofE AcademyAcademy converter

Good

0.9 miPrimaryHoly Trinity Catholic Voluntary AcademyAcademy converter

Good

Local amenities

1 nearby supermarkets & convenience stores within mi of NG24 4TJ

Nearby supermarkets & convenience stores for NG24 4TJ
DistanceNameAddressDirections
0.3 miSpar116 Farndon Road, Newark, NG24 4SWWalking directions to Spar