Terraced
2
624 sq ft
9%
PROPERTY VALUATION
£
Price change: +£11,000
Since last sold: November 2021
VALUATION RANGE
£125k - £147k
LOW OFFER | HIGH OFFER
Confidence: Medium
Good
Condition
Reasonable
Condition
Poor
Condition
At a sale price of £136k, we expect this property to be in a reasonable condition.
UPDATE CONDITION
Property summary Last updated: 05/03/2024
Last updated: 05/03/2024
20 Newton Way, Woolsthorpe By Colsterworth is a 2 bedroom terraced house spread over 624 square feet, making it one of the smaller properties here - it is ranked as the 20th most expensive property* in NG33 5NR, with a valuation of £136,000.
Since it last sold in November 2021 for £125,000, its value has increased by £11,000.
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Essential buying details
- If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £125k and £147k.
- This property only has one recorded sale since 1995 so it doesn't have a historic investment return or rating yet.
- 14 terraced houses have sold at an average price of £161,578 over the last 12 months (in the area coverring NG33 5).
What condition is the property in?
- At a sale price of £136k, we expect this property to be in a significantly worse condition than the neighbouring properties.
- This property has a lower cost per square foot than other properties in the area, which is why we think it is more likely to be in worse condition. This can be caused by a lack of general upkeep but it can also arise if the property has had a low quality extension. Typically houses with conservatory's often have a lower cost per square foot as whilst these make the property bigger, they tend to be cheaper to build and less usable.
- At a valuation of £136k it has a cost per square foot of £217, which is substantially less than the average for the area.The average cost per square foot for property here is £303.
Cost per square foot valuation
- If we valued this property using the average cost per square foot (CPSF) - it would be worth £189k. For it to sell for this amount, we would expect it to be in a similar state decoratively to the average property here and also have a similar sized plot of land.
- Note: Properties that are in a better condition will sell for more money per square foot.
What does it cost to live here?
Prices start at:
£136k
Average house price:
£377k
Most expensive:
£868k
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8.8%
This property has increased in price by 8.8% since it last sold 2 years ago
64%
This property is 64% less expensive than average in Newton Way, NG33 5NR
Sale history
The most paid for a property in Newton Way, NG33 5NR was £545,000 in 2019.
| Date | Price | Change |
|---|---|---|
| Today's value* | £136,000 | 8.8% |
| 03 Nov 2021 | £125,000 | - |
This property has increased in price by £11,000 since it last sold in 2021 - this equates to a 3.6% rise each year.
If the property has been refurbished or extended since it was last purchased, tell us about any home improvements to get a revised valuation.
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20 Newton Way, Grantham is a 2 bedroom terraced house with 624 square feet of internal space.
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Valuation details
The most likely sale price is £136,000 but at the lower end we think it should fetch a minimum of £125,000.
On a cost per square foot basis, this property is valued at 28% less than the other houses in this postcode.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (for more information see our valuation review) of this property.
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £156,000.
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SOLD PROPERTY PRICES - NG33 5NR
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20 Newton Way is significantly smaller than the average property in this postcode.
- Property details
- Local market
- Regional prices
Property details
- Most likely sale price: £136,000
- Offers likely to be accepted between £125,000 and £147,000.
- Cost per squre foot: £217 (at a valuation of £136,000) - the average cost per square foot for this postcode is £303
- 2 bedroom freehold terraced house
- 624 square feet
- Property energy rating: 63
- This is above average for this postcode.
- A score of 100 is the best energy rating a property can be given.
The local market - NG33 5NR
- The average property price for this postcode is £377,000
- Prices here range from £136,000 to £868,000.
- Expect to pay £257 to £348 per square foot for property in NG33 5NR.
- 8 properties have sold in NG33 5NR over the last 5 years.
- The latest sale in NG33 5NR went for £395k on 09 Nov 2022.
- Newton Way has 3 postcodes associated with it.
- The average price of property in Newton Way is £378,730
- Property in Newton Way typically sells for between £263 and £355 per square foot.
- Properties in Newton Way are currently valued at an average cost per square foot of £309.
The property market across NG33 5
- The average price paid for a terraced house in the area NG33 5 over the past year is £162k.
- Terraced houses have been selling for £211 per square foot across NG33 5.
- 14 terraced houses have sold over the last 12 months (in the area coverring NG33 5).
What does it cost to live in this area?
Valuation accuracy
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