EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Lovely sunny day today, yay! 20 properties this week on Rightmove however only 7 to talk about, crazy i know, as several were just relisted with others agents, some with multiple agents and sadly a lot of reductions. Properties from £100k to £140k this week so you have a bit more change left over. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 70 Main Street, Balderton, Newark
Asking Price: £120,000
Property Type: 2 Bed End Terrace
Estate Agent: Edlin and Jarvis
Condition: Needs dialling down
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Colourful property on a busy street in Balderton, i love a bit of colour but for a rental property they’re just a bit too bright when you’re trying to attract as many potential tenants as possible. Last on the market in 2013 by the vendors withdrew it, it looked much duller back then!

Address: 5 The Willows, Farndon, Newark, NG24 3TE
Asking Price: £119,000
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.8%
Comments: Bought back in to 2016 for £92k, no photos so unsure of the level of update. EPC won’t open so unknown rating, garden makes a nice bonus. Farndon is popular and has good access to A46.

Address: 17 Harcourt Street, Newark, NG24 1RG
Asking Price: £117,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: £500-550pcm
Yield: 5.6%
Comments: Already tenanted for £525pcm however it’s EPC F so you will have to spend some money on the property within the next 12 months as even tenanted properties need to be E or above by 1st April 2020.

Address: Gamage Close, Balderton, Newark, NG24 3QA
Asking Price: £109,950
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Newton Fallowell
Condition: Refurbishment Required
Rent Range: £525-575pcm (once refurbished)
Yield: 5.5% (once refurbished, based on £15k spend)
Comments: Perfect property for someone that fancies getting their hands dirty, currently EPC E and requires renovating all the way through.

Address: 173 Barnby Gate, Newark, NG24 1QR
Asking Price: £100,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Martin and Co AND William H Brown
Condition: Light work required
Rent Range: £500-550pcm
Yield: 6.6%
Comments: On with two agents straight away so they must be keen to get rid. The red carpet really needs to go and the brickwork makes the room feel dated, red bedroom wall not ideal either. #159 sold in May for £95k in similar condition.

Address: 29 The Crossings, Newark, NG24 1TY
Asking Price: £100,000
Property Type: 2 Bed First Floor Apartment
Estate Agent: Just Move Estate Agents
Service Charge: £926.30 PA
Ground Rent: £100 PA
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.5% (inc SC and GR)
Comments: Lovely looking apartment in a good location, electric heating doesn’t please everyone but we’ve not had difficulty letting apartments in this block previously. Purchased in July 2016 for £92,500.

Buttercross Best Buy
Address: 10 Sydney Terrace, Newark, NG24 4DB
Asking Price: £100,000
Property Type: 2 Bed End of Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.6%
Comments: Ready to go, downstairs bathroom is a marmite one but the house looks great so the right tenant will look past it. Just need to wait for the EPC before you go for it, can’t fault this one!

So that’s this weeks selection, a couple of good potentialy investments here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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Another chilly day in Newark and another week of properties to poke around! We’ve got 8 new potential investments this week from £120k to £150k in various styles and locations. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: Clarks Lane, Newark, NG24 2EF
Asking Price: £140,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Good little house, the garage has been removed for additional living space and good spot tenants working at Knowhow and NSK. Just note that properties in this area take longer to rent than others.

Address: 2 Friary Rd, Newark NG24 1LE
Asking Price: £150,000
Property Type: 3 Bedroom Terrace
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 4.76%
Comments: Really well presented house with no work required, lack of parking may put tenants off and the same with the downstairs bathroom. EPC E so bare in mind that regulations may change so you’ll need to spend money.

Address: Warwick Brewery, The Cavalier Building, Newark, NG24 1TL
Asking Price: £135,000
Property Type: 2 Bedroom First Floor Duplex Apartment
Estate Agent: Belvoir!
Condition: Minor Work
Service Charge: TBC
Rent Range: £600-650pcm
Yield: 5.77% (exc service and maintenance charges)
Comments: Popular apartment block, no work required but the electric heating isn’t for everyone. Service and maintenance charges are often around £1k here so check before committing.

Address: 36 Pinfold Lane Balderton, Newark NG24 3LP
Asking Price: £125,000
Property Type: 3 Bedroom Mid Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Minor Work
Rent Range: £525-575pcm
Yield: 5.52%
Comments: A bit vanilla, pretty spacious but just not overly inspiring. Busy road with minimal parking. Lose the blue tiles in the kitchen, paint the woodwork white in the dining room if nowhere else to make it lighter (no window!). Could rent as is for £525pcm but you’ll get better and longer tenants if you spruce it up.

Buttercross Best Buy
Address: 2 Dovedale Terrace, Fernwood, Newark, NG24 3UU
Asking Price: £122,950
Property Type: 2 Bedroom Mid Terrace House
Estate Agent: Newton & Fallowell and Haart
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.61%
Comments: On with two agents, someone’s keen to get rid! They’ve only been in since March last year..hopefully it’s not bad neighbours. Bought for £117,500, it’s not changed aside from the master bedroom; we let the same property style on Rubys Walk last year for £575pcm.

Address: 6 Whitfield Street,Newark NG24 1QX
Asking Price: £120,000
Property Type: 2 Bedroom Terrace
Estate Agent: The Nottingham Estate Agency
Condition: Neutralise!
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Purchased for £109k in 2015, no previous photos of the bathroom but it looks pretty new along with a bit of paint and marvel wallpaper! Big marvel fan but i’d suggest losing it and maybe update those kitchen tiles if you can. Seems cheap, last couple of two beds have sold for £132,500 and £120k in lesser condition.

Address: Apartment 301, The Tankard Building, Warwick Brewery, Newark, NG24 1TL
Asking Price: £130,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Service Charge: £949.24 PA
Maintenance Charge: £100 PA
Rent Range: £600-650pcm
Yield: 5.95%%
Comments: Same as above, popular area and allocated parking. Good location for the train station. Honestly, i think the apartment above has a more appealing layout and is lighter.

Address: Charles Street, Newark, NG24 1RL
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Small! It looks very cramped but that could just be the size of furniture, the kitchen is so small and will put tenants off even though it’s modern. Tone down the wallpaper throughout.

So that’s this weeks selection, a couple of good potentialy investments here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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After a busy few months, i’m back again with this weeks properties for sale in Newark! We’ve got 9 new ones to take a look at, i’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 16 Vernon Street, Newark NG24 1PW
Asking Price: £148,000
Property Type: 3 Bed End of Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.86%
Comments: purchased in July 2017 for £135k in the same condition, the only thing thats changed is the paint colour so why is it £13k more? Well presented and ready to rent but be aware of the low epc, don’t to get caught out should regulations change!

Address:110 Grange Road, Newark NG24 4PW
Asking Price: £145,000
Property Type: 3 Bed Semi Detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.17%
Comments: Just a couple of grand more than No 118 that also had a small extension. The kitchen is too much for a rental, it needs dialling down…a lot to appeal to the max amount of tenants as does the rest of the house, think light greys and creams. No chain so may take an offer for quick sale.

Address: 7 Kennedy Walk, Balderton, Newark, NG24 3PJ
Asking Price: £134,000
Property Type: 3 Bedroom Terrace
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.37%
Comments: Well presented property with parking, No 6 sold most recently for £118k 2 years ago without the “storage” extension. No EPC yet so be sure to clarifying rating first, No 6 was EPC D so i’d expect similar.

Address: 14 Lindum Street, Newark, Notts NG24 1NH
Asking Price: £125,000
Property Type: 3 Bedroom Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: So this property is being marketed for £1000 more than a two bed that sold in June, the two was lovely but you certainly get more for your money with this one. Lindum St is a dead end so minimal traffic, just neutralise those bold bedroom colours and order your To Let board!

Address: 35 Emmendingen Avenue Newark NG24 2FX
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Belvoir!
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5%
Comments: Overpriced and small. The equivalent property sold 3 months ago for £104k. Low council tax band, high epc and reasonable rental price will appeal to budget friendly renters.

Buttercross Best Buy
Address: 53 Sleaford Road, Newark, NG24 1NF
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Really well presented house, No 47 sold in May 18 for £116,500 and the condition isn’t much different however the kitchen has been extended and it’s more contemporary. Careful with that low epc, if regulations go up to minimum D then you’ll need to spend a few pennies!

Address: 31 Side Row, Newark NG24 2JB
Asking Price: £119,950
Property Type: 2 Bedroom Terrace
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: Low council tax and rent, good first time rental for tenants working on the industrial esate. No 44 sold for £120k in October but not as nice, nothing to complain about this one, priced well, one off street parking space and ready to go.

Address: Hawthorn Crescent, Farndon, NG24 3TG
Asking Price: £80,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Jon Brambles
Condition: Required Renovation
Service Charge: £300 PA
Rent Range: £425-475pcm
Yield: 6.72% (exc work costs)
Comments: Most of the walls and carpets are neutral so we’re off to a good start and it has a garage (USP). Kitchen is functional as is the bathroom but they need updating for top rental price and one neutral colour throughout on the walls. I’d also recommend losing the fire surround, the curtains and painting any brown woodwork white.

Address: Lombard Street, Newark, NG24 1XG
Asking Price: £80,000
Property Type: 1 Bedroom Second Floor Apartment
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6.38%
Comments: Currently let out for £395pcm with Whitegates and is located above their office. No EPC rating on the advert, if it’s less than an E but mid tenancy you’re okay until 2020, after then you’ll have to get it there or face a fine.

So that’s this weeks selection, a couple of lovely properties in here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address: 66 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £145,950
Property Type: 2 Bed Terrace House
Estate Agent: House Network National
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.14%
Comments: Bought in Nov 2016 for £132k, a lot of the work had already been done on this property, since buying it’s be decorated in places and had a couple of new carpets. It looks fabulous and i don’t doubt that it would be a very popular rental; No 12 sold in August for £139k without the extension but a converted cellar instead.

Address: 7 Jubilee Street, Newark, NG24 3BT
Asking Price: £129,950
Property Type: 3 Bed Terrace House
Estate Agent: My Online Estate Agent
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.30%
Comments: Magnolia heaven with a low EPC ‘E’ rating, cheap on council tax but pricey to heat, something to consider if the government make all properties ‘D’ or higher. Purchased May 2017 for £115k, aside from making the whole thing magnolia, i’m not sure what’s been done since last year to make it nearly £15k more?!

Address: 45 Mercia Road, Newark, NG24 4NA
Asking Price: £125,000
Property Type: 3 Bed Terrace House
Estate Agent: Belvoir
Condition: Some redecoration required
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Sadly the photos aren’t showing this property at it’s best, the bolder colours and wallpaper will need to go to appeal to more prospective tenants. No 49 sold in July for £130k in a similar condition.

Address: 1 Maun Green, Newark, NG24 2HA
Asking Price: £120,000 -£125,000
Property Type: 2 Bedroom Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.04%
Comments: Small but perfectly formed, a neat and tidy little house with nothing really wrong with it…it’s just a bit vanilla. You could spend money updating the kitchen, changing the living room carpet and the dated doors to get you nearer to £525-575pcm but it would let as it is…eventually.

Address: 58 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £118,500
Property Type: 2 Bed Terrace House
Estate Agent: Haart
Condition: Renovation Required
Rent Range: £550-600pcm (once renovated)
Yield: 6.07%(exc renovation costs)
Comments: This is the before of number 66 listed above, there’s no epc with this property at present but i have a feeling it’s going to be low i.e solid brick and pitched roof (neither with insulation) plus electric storage heaters (which are a big no no); tenants barely like electric heating let alone storage heaters! Get it like No 66 (minus the extention) to get the rent range suggested.

Address: 25 Lincoln Street, Newark, NG24 1HP
Asking Price: £115,000
Property Type: 2 Bed Terrace House
Estate Agent: Martin & Co.
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.2%
Comments: On first glance it would appear its ready to rent although hard to know without the photos of the living area but it does look like the carpets look at bit thin. Last sale in July 2017 was No 17 for £110k with a brand new kitchen.

A good variety again this week although some are pretty underwhelming! If you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address:38 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Purchased in Nov 2016 for £111k and i wouldn’t appear to have changed at all. Good budget friendly property for potential tenants with a high epc, low council tax band and cheap rent. I think the asking price is pretty high, i’d go for Wright St or Coronation St below, much nicer and less money!

Address: 4 Hillary Way, Balderton, Newark. NG24 3PN
Asking Price: £140,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.78%
Comments: Spacious property with no work required, the communal parking area won’t be for everyone and the lack of outdoor storage lets it down but you can hire a garage for £40 off the council. No 6 sold in March 2018 for £140k in a similar condition.

Buttercross Best Buy
Address:Flat 4, The Bell Tower, Barnby Road, Newark. NG24 1SA
Asking Price: £130,000
Property Type: 1 Bedroom Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent
Maintenance Charge: £40pw
Rent Range: £525-575pcm
Yield: 5.22% (inc MC)
Comments: If you’re wanting a rental with wow factor then this property certainly ticks the boxes, perfect for a professional singleton or couple, could be used a main home or even a furnished mid week let if commuting. Flat 7 sold for £138k in Oct 2017 as a single storey ground floor 2 bed flat.

Address: 19 Coronation Street, Balderton, Newark NG24 3BD
Asking Price: £120,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Well presented property, ideal budget friendly property for tenants that looks great. Advert doesn’t say much but that’s the agent rather than the house, the price seems very fair too, nothing bad to say about this one!

Address: 49 Smith Street, Balderton, Newark. NG24 3BA
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Another budget friendly property, for a property thats described so highly, you’d have thought the agent would’ve got photos to show that off?! Price is pretty good, check the boiler to make sure that’s not the rubbish happy meal toy!

Address: 68 Bowbridge Road, Newark. NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Nottinghamshire Property Services
Condition: Update Required
Rent Range: £500-550pcm (once updated)
Yield: 6% (not inc updating costs)
Comments: The only fixer upper of the week and my goodness does it need gutting! No 12 sold in August for £139k, it was a beautiful example, take a look at the old listing for tips, can’t help but think this asking price is pretty high for what needs doing on this property.

Address: 4 Wright Street, Newark. NG24 1PJ
Asking Price: £109,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.73%
Comments: Really nice little house, great first investment with no work to do, you could collect the keys and market to rent on the same day.

Address: Flat 1, Trent House, Barnby Gate, Newark NG24 1XP
Asking Price: £85,000
Property Type: 1 Bedroom first Floor Flat
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6%
Comments: We let this property less than 6 months ago, good central location and nice modern finishes but the lack of parking anywhere near the flat and very small living space makes it a tough one to let.

Plenty of properties this week although with nearly all of them ready to go so no need to invest too much into your investment! If you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Buttercross Best Buy
Address: 4 Hardwick Avenue, Newark. NG24 4AW
Asking Price: £135,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.78%
Comments: Whitegates have said £500pcm for this property, okay it has wooden single glazed windows and solid brick walls BUT it is EPC rated ‘D’ so it’s legal to rent, so why SO low? Martin and Co let the house next door for £650pcm with double glazed windows but the same EPC rating, i’d want to know why £500pcm.

Address: 2 Eton Court, Eton Avenue, Newark. NG24 2JB
Asking Price: £145,000
Property Type: 2 Bedroom Detached Bungalow
Estate Agent: Richard Watkinson & Partners
Condition: Update Required
Rent Range: £525-£575pcm (once updated)
Yield: 4.76% (exc refurb costs)
Comments: Located in Hawtonville, rare bungalow opportunity but it’s in need of an update, the carpets are ageing it and the kitchen isn’t helping either. Try changing the unit doors rather than the carcasses to save money. Now Homes have been trying to sell No 5 since May for £149,950, it would appear a lot of Bungalows have been reduced recently on Rightmove.

Address: 62 Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £130,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Winkworth
Condition: Update Required
Rent Range: £625-675pcm (once completed)
Yield: 6.23% (exc refurb costs)
Comments: Plenty of potential and try saving costs by decorating, lifting flooring and changing kitchen unit doors yourself. Main thing is to get the house EPC ‘E’ or above for legality reason then crack on with the cosmetic bits.

Address: Flat 102, The Roundhead Building, Warwick Brewery, Newark, NG24 1TU
Asking Price: Offers over £129.950
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Ground Rent: £100 PA
Management Fee: £1000 PA
Rent Range: £600-650pcm
Yield: 5.95%
Comments: Well presented apartment in a sought after location, last sale was a 3 Bed in Sep 2017 for £138,500 so the price seems fair. Low EPC and electric heating may put potential tenants off.

Address: 35 Stafford Avenue, Balderton, Newark NG24
Asking Price: £115,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Alasdair Morrison
Condition: No photos to see
Rent Range: £525-575pcm
Yield: 6% (exc any potential work)
Comments: Pretty useless ad but i’ve done some digging and it turns out this is currently at HMO (house of multiple occupancy)! The blue kitchen cabinets are…different, seen worse but it’s likely you’ll need to spend money to make it a family home again.

Address: Mill Green, Newark. NG24 2HU
Asking Price: £110,000
Property Type: 3 bedroom terraced house
Estate Agent: Castlegate and Martin & Co.
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: On with two agents, Martin and Co have had it a week longer. Interesting bathroom and kitchen tiles but i’ve seen bolder!! The small living area often lets these properties down when finding a tenant.

Address: 184 Barnby Gate, Newark, NG24 1RH
Asking Price: £110,000
Property Type: 3 Bedroom Terrace
Estate Agent: Purple Bricks
Condition: Some Updates Required
Rent Range: £500-550pcm
Yield: 6%
Comments: Good kitchen and bathroom so the biggest battle is already done. Pull up those bold carpets and go for ‘character’ by leaving the floorboards exposed underneath, very quaint. Check the age of the boiler so you don’t get caught out.

Address: Goldstraw Lane, Fernwood. NG24 3FF
Asking Price: £85,000
Property Type: 2 bedroom apartment
Estate Agent: Martin & Co.
Condition: Ready to Rent
Ground Rent: £135 PA
Maintenance Charge: £1252.45 PA
Rent Range: £500-550pcm
Yield: 7.63%
Comments: Great first investment, modern apartment with the bonus of an en-suite AND bathroom, we let the same style of apartment on Youngs Avenue earlier this year for £550pcm. No 46 sold in Dec 2017 for £87k with the same condition and layout.

A good selection of properties, makes a nice change! If you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON….THIS WEEKS INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address: 16 Park Crescent, Newark, NG24 2BY.
Asking Price: £150,000
Property Type:3 bed Semi-Detached
Estate Agent:Jon Brambles
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.2%
Comments: Well presented property in a good spot for knowhow workers, bought two years ago for £120k. Difficult to find fault with this one!

Address: 7 Earp Avenue, Newark, NG24 4DD.
Asking Price: £150,000
Property Type: 3 Bed End Terrace
Estate Agent: William H Brown
Condition: Some Updates Required
Rent Range: £575-625pcm
Yield: 5%
Comments: Another good location although i’m a little thrown by the price, it was purchased in March this year for £130k and now it’s on for £20k with no difference? It could do with the odd new carpet and a lick of paint either way.

Address: 9 Smith Street, Balderton, Newark, NG24 3BA
Asking Price: £119,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: We managed and let No 16 4 months ago for £550pcm in a similar condition although no photos of the bedrooms is a bit odd, i’m sure they’re not that bad! Budget friendly home with low council tax and reasonable rent, good first home for a couple or small family.

Address: 22 Birch Road, New Balderton, NG24 3BD
Asking Price: £140,000
Property Type: 2 Bed Semi- Detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Popular lakeside location, kitchen will be a hit along with the additional living space in the conservatory. Check the consumer unit, there’s a chance EICR’s will become mandatory soon (£120) and unless the fuse box has been updated already, it will very likely fail an EICR.

Buttercross Best Buy
Address: Rubys Walk, Fernwood NG24 3FP
Asking Price: £139,950
Property Type: 3 Bed end Terrace
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Bought last May for £131,000, it’s had a lick of paint and they’ve put down some grass seed on first appearances; No 89 sold in March for £138k in the same condition. Good first investment, low maintenance although watch out for the Ideal ICOS boiler leaks.

Only a small selection this week due to so many reductions but if you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON….THIS WEEK INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address: 31 Jubilee Street, Newark, NG24 4DA
Asking Price: £109,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Complete Update Required
Rent Range: £525-575pcm (once updated)
Yield: 6.28% (NOT inc renovation costs)
Comments: Crying out for an update, ALL of it. There’s no EPC yet so i’d check the rating then prioritise if you’re on a budget, E or above or you can’t let it.

Buttercross Best Buy
Address: 9 Linseed Avenue, Newark, NG24 2FJ
Asking Price: £140,000
Property Type: 3 Bed Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Good starter investment, we recently let a 3 bed semi on Wheatsheaf Avenue for £625pcm in a similar condition. The only real thing that lets it down is the kitchen, it would be worth changing the unit doors if nothing else.

Address: 25 Bromley Avenue, Newark, NG24 4DS
Asking Price: £119,950
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (althought i’d recommend a kitchen!)
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Another one awaiting an EPC, looking at the age it’s likely to be at least an E so hopefully you can spend any spare pennies on a kitchen; yes it’s ready to rent but a dated kitchen will put tenants off leaving it empty for longer.

Address: Huddlestones Wharf, Newark, NG24 4UL
Asking Price: £150,000
Property Type: 2 Bed Maisonette
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.4%
Comments: Very well presented maisonette, certainly not something that comes up very often. Currently building work underway on the lhs of the building and it’s next to The Navigation Pub, something to bare in mind for your new tenants.

Address: 96 Beacon Hill Road, Newark, NG24 2JG
Asking Price: £130,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.5%
Comments: Surprisingly spacious house, almost Tardis like! #94 sold in February for £130k in a very similar condition.

Address: Apartment 12, 11 Mill Gate, Newark, NG24 4TR
Asking Price: £130,000
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Ground Rent: £115 PA
Maintenance Charge: £720 PA
Rent Range: £475-525pcm
Yield: 4.82%
Comments: Lovely looking apartment but a lot for what it is, you may even obtain £550pcm but be prepared to wait, overpricing is a surefire way to put tenants off.

Address: 2a Milton Street, Newark, NG24 3AW
Asking Price: £150,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Fabulous kitchen/diner extension, this will be a big hit with families and those that like to entertain. EPC is a low E so be aware that should the minimum rating raise again, you may need a speed a few pennies, the report will detail what.

Address: 133 London Road, Newark, NG24 3AH
Asking Price: £129,950
Property Type: 3 Bed End of Terrace House
Estate Agent: Door Steps and LetsXchange
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready to go and has been advertised with LetsXchange for some time, recently marketed by Door Steps, it would suggest that they are getting itchy feet, it may be worth striking while the iron’s hot and putting in a cheeky offer.

Address: 8 Sydney Terrace, Newark, NG24 4DB
Asking Price: £125,000
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (although AGAIN i’d change the kitchen)
Rent Range: £500-550pcm
Yield: 5.28%
Comments: No chain, ideal for a quick buy. No recent sales on the street or in the area, the kitchen lets it down (in my opinion!) but that’s your call. The off street parking will be very appealing.

Lots of new kitchens this week but if you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON…THIS WEEKS INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address: Elizabeth Road, Newark, NG24 4NR
Asking Price: £137,995
Property Type: 3 Bed Semi Detached House
Estate Agent: Haart
Condition: Light Decoration Required
Rent Range: £550-600pcm
Yield: 5.21%
Comments: Well presented property, living room lets in down so i’d redecorate it. Fair price, #74 sold in March 2018 for £132,500 without the loft conversion or conservatory.

Address: 50 Whitfield Street, Newark, NG24 1QX
Asking Price: £115,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Work Required
Rent Range: £450-500pcm
Yield: 5.22%
Comments: Lovely modern extension, red carpet not the best but could be worse and i’d get rid the over bed storage. The property is an EPC ‘F’ with a new heating system upgrade required to reach an ‘E’, you cannot let it out if it’s not an least an ‘E’.

Address: 11 Barnby Crossings, Newark, NG24 2NG
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Those kitchen tiles are pretty marmitey! #3 sold in Jan 2018 for £120k which also had an extension however the current vendors of #11 bought this is for £126k in April 2017 but have done nothing to it since.

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £140,000
Property Type: 2 Bed End of Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Lovely looking property, nice and modern so a good starter property as maintenance costs will be pretty low. My ONLY concern is the built in bedroom furniture as a lot of tenants will already have a bed!

Address: Harcourt Street, Newark, NG24 1RF
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.72%
Comments: The kitchen size and finish lets this one down as does the EPC, if you want to spend the money updating the kitchen then you may manage an extra £25pcm but i’d focus on getting the property legal to rent. Bathrooms off the bedrooms always get mixed feedback.

Address: 46 Cranmer Road, Newark, NG24 4ET
Asking Price: £132,500
Property Type: 3 Bed Mid Terrace House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.21%
Comments: Good sized property, the bold wallpaper throughout and black bedrooms are down to a matter of taste but they may be a bit much for a rental property. The generous garden and parking is good but the lack of bath isn’t great for families.

Buttercross Best Buy
Address: Victoria Street, Newark, NG24 4UT
Asking Price: £147,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Gorgeous. Tenants will have to compromise on parking but they will be able obtain a permit from the council. Check the EPC before committing to anything. Where do i sign?

Address: 19 The Brewhouse, Castle Brewery, Newark, NG24 4AF
Asking Price: £130,000
Service Charge: £850 (every 6 months)
Annual Ground Rent: £125
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.41%
Comments: We let this property at the end of last year for £575pcm, it looks much better in person than how Purple Bricks have presented it on this listing!

Address: 1a Albert Avenue, Balderton, Newark, NG24 3HE
Asking Price: £147,500
Property Type: 2 Bed Converted Coach House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Spacious character property, purchased in June 2015 for £124,950, it hasn’t changed much aside from a colour change here and there. Street parking but has a garage, fancy something a bit different?

If any of these properties have caught your eye and you’d like to discuss it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

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EYES ON….THIS WEEKS INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

Here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor!

Address: 42 Hawton Lane, New Balderton, Newark, NG24 3DL
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Good size and location, lack of bath and busy road may put families with young children off and i’d maybe lose the orange and peach bedrooms but that’s personal preference. Overall a bit of a vanilla property.

Address: 15 Newnham Road, Newark, NG24 1HY
Asking Price: £119,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.52%
Comments: Good first time investment, quite a tight terraced street but very well presented property and close to town centre + train station. EPC TBC to check that out before committing. #16 sold in Jan for £110k with separate kitchen and dining room but similar condition…

Address: 34 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £129,950
Property Type: 2 Bed Semi-Detached House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Well presented property, not huge but will suit a small family or couple. #24 sold on the 1st Feb 2018 at a lower standard and without a garage. This property was previously marketed at £515pcm with EMPM.

Address: 16 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £139,950
Property Type: 3 Bed Semi-Detached House
Estate Agent: Now Homes
Condition: Slight Update Required
Rent Range: £550-600pcm (based on update recommendations)
Yield: 5.14% (NOT including update costs)
Comments: Plenty of space but showing it’s age in places although take the curtains and lamp shades down and it’s looking younger already! I’d recommend changing the bold carpets and updating the kitchen tiles to something bright…the units too if you can. No idea about the bathroom!

Address: 58 Stafford Avenue, Balderton, Newark, NG24 3EG
Asking Price: £120,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £550-600pcm (based on high end finish)
Yield: 6% (NOT including update costs)
Comments: Needs updating throughout, combination of carpets, decorating, the whole kitchen including the units and if you can, i’d remove the shower and fit a bath to appeal to families.

Buttercross Best Buy
Address: 3 Cromwell Road, Newark, NG24 1RP
Asking Price: £90,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.6%
Comments: Small but well presented and less than £100k making it a great first time investment and great budget property for prospective tenants. #7 sold for £95k in March 2018 in a similar condition. No EPC yet so make sure you check it’s higher than an ‘E’!

Address: 29 Milton Street, Balderton, Newark, NG24 3AP
Asking Price: £105,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Alasdair Morrison
Condition: Major Update Required
Rent Range: £575-625pcm (once updated)
Yield: 7.14% (NOT including update costs)
Comments: This beauty needs an update…i’ve just seen my first aubergine bathroom suite and i think it has to go!! #35 sold in Aug 2017 for £110,000 with a much newer finish but not high end…although THIS price seems a bit high.

If any of these properties have caught your eye and you’d like to discuss it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

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