The average property value in Newark and Sherwood is £256,496 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Newark and Sherwood grew by £37,298. Compare house prices by area
Average property prices in Newark and Sherwood grew by 17.0% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 4.3% per year.
If prices in Newark and Sherwood continue to rise by 4.3% a year, the average property price will be £303,114 in 2025.
There were 2,064 property sales in Newark and Sherwood in the year ending June 2021, an increase of 189 when compared to the previous year.
The average price for a house in Newark and Sherwood ranges from £149,736 for a terraced house to £352,839 for a detached house, with semi-detached in between costing on average £178,769.
The average price for a flat or maisonette in Newark and Sherwood is £130,430.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Newark and Sherwood, detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 46.3% from £241,175 to £352,839, semi-detached house prices have risen 43.0% from £125,028 to £178,769, terraced house prices have risen 36.8% from £109,451 to £149,736, and flat prices have risen 18.4% from £110,159 to £130,430.
The most common type of property sold in Newark and Sherwood during the year ending June 2021 was detached houses, which accounted for 48.3% of properties.
The least commonly available type of property sold in Newark and Sherwood were flats, which account for 2.8% of properties sold.
Of the properties sold in Newark and Sherwood during 2021, 4.2% were new build properties.
The average price paid for a new build property in Newark and Sherwood was £2,995 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (54% of new build properties sold). For existing properties, the most common type is detached houses (48% of existing properties sold).
The most common price band for property sales in Newark and Sherwood is £200k - £300k, which accounted for 15.6% of properties sold in 2021.
0.4% of properties in Newark and Sherwood had a price over £1 million. For comparison, in England, 2.1% of property sales were priced at over £1 million.
The cheapest properties in Newark and Sherwood were in the under £50k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics