What can you afford in Newark and Sherwood?
1,550 homes changed hands in Newark and Sherwood over the last 12 months (Jul 2025 – Jun 2026). Half sold for £235,000 or less, a quarter for under £175,000, and three quarters for under £325,000. Buying the median home with a 10% deposit needs roughly a £47,000 salary at the typical 4.5× lending multiple , see what £47,000 takes home.
Affordability in one number: the median home here sold for 6.3× the local median full-time salary of £37,118 (ONS ASHE 2025). A typical lender stretches to about 4.5× one income plus your deposit, which is why the deposit and second incomes decide so much here.
Sold prices · Newark and Sherwood
£235,000
median sold price, Jul 2025 – Jun 2026
- A quarter under
- £175,000
- Three quarters under
- £325,000
- Sales
- 1,550
- HPI average
- £234,266
What each salary reaches here
Budget = 4.5× salary with a 10% deposit, against the 1,550 actual sales.
| Salary | Budget | Share of sales in reach |
|---|---|---|
| £25,000 | £125,000 | 6.3% |
| £35,000 | £175,000 | 25% |
| £50,000 | £250,000 | 55.5% |
| £75,000 | £375,000 | 81.5% |
| £100,000 | £500,000 | 90.9% |
By property type · median sold price
And the salary that price implies, at 4.5× with 10% down.
| Type | Median · sales | Salary needed |
|---|---|---|
| Flat | £117,000 · 71 | ≈£23,400 |
| Terraced house | £165,000 · 267 | ≈£33,000 |
| Semi-detached house | £198,750 · 546 | ≈£39,750 |
| Detached house | £330,000 · 666 | ≈£66,000 |
For context, the UK House Price Index puts Newark and Sherwood average prices up 5.3% over 12 months.
Nearby in the index
- Milton Keynes
- Mole Valley
- Monmouthshire
- Neath Port Talbot
- New Forest
- Newcastle upon Tyne
- Newcastle-under-Lyme
- Newham
- Newport
- North Devon
Sold prices: HM Land Registry Price Paid Data (standard residential sales), Jul 2025 – Jun 2026, standard residential sales, England & Wales. Averages: UK House Price Index (HM Land Registry / ONS). Lending estimates use a typical 4.5× single-income multiple and are not a mortgage offer or financial advice.