EYES ON…THIS WEEKS INVESTMENTS IN NEWARK!!!

Standard

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.

twitterFacebooklinkedinmail

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

Standard

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.

twitterFacebooklinkedinmail

EYES ON THIS WEEKS INVESTMENTS IN NEWARK!!!

Standard

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: 32 Smith Street, Balderton, Newark, NG24 3BA
Asking Price: £135,000
Property Type: 3 Bed End of Terrace
Estate Agent: William H Brown
Condition: Little Work Required
Rent Range: £525-575pcm (once work completed)
Yield: 5.11% (NOT inc improvement costs)
Comments: I would suggest carpets at least in the bedrooms, whether you’d like to keep the blue is up to you! There’s no EPC, it will need to be E or higher to rent out. Downstairs bathrooms can be a bit marmitey so bare that it mind.

Address: Portland Street, Newark, NG24 4XG
Asking Price: £125,000
Property Type: 3 Bed Mid Terrace Cottage
Estate Agent: CPG Properties
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky property although on a busy road, kitchen is a little underwhelming and washed out (sanding down those beams to bring the colour back may help?!) but the rest is pretty cosy. Loving the garden bar USP.

Address: 51 Alexander Avenue, Newark, NG24 3BB
Asking Price: £110,000
Property Type: 3/4 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £550-600pcm (once renovated)
Yield: 6.55% (NOT inc renovation costs)
Comments: Carpets and redecoration definitely required; ideally new kitchen but if cutting costs then rub down and paint unit doors although those tiles still need to go. Need to look into the damp issue in the bedroom and as for the bathroom…who knows?! Poor garden…

Address: Robert Dukeson Avenue, Newark, NG24 2FF
Asking Price: £140,000
Property Type: 2 Bed End of Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.7%
Comments: Already tenanted so assuming they’re good tenants, your work is done and no void period either! Martin and Co haven’t stated the current rent obtained, if they’re long standing tenants then it may be less than you were hoping so be sure to check.

Address: 14 Emmendingen Avenue, Newark, NG24 2FX
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Immaculately presented property, #20 sold this time last year for £134k but not quite at this level. Good location for KnowHow and Bakkavour workers with town within walking distance.

Address: Stephen Road, Newark, NG24 2BG
Asking Price: £130,000
Property Type: 3 Bed Semi Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Larger than you’d expect, these are ex council properties but don’t let that put you off, we let the same style house on Wolsey Road in January for £600pcm and the landlord had the choice of 4 applications!

Buttercross Best Buy
Address: 27 Marron Court, Fernwood, Newark, NG24 3UR
Asking Price: £99,950
Property Type: 1 Bedroom Quarter House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.70%
Comments: Ideal low maintenance investment for less than £100k, modern and with allocated parking making it ideal for professional person(s). #30 sold in December for £106k in a similar condition

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.

twitterFacebooklinkedinmail

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

Standard

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: 41 smith street, Balderton, Newark, NG24 3BA
Asking Price: £109,950
Property Type: 2 Bed Mid-Terraced
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.0%
Comments: Well presented property with low running costs, good property for a couple or family on a budget. Current owners purchased it for £97,000 in June 2016 and aside from a couple of colour changes, it’s not changed since then.

Address: 8 Harrisons Way, Newark, NG24 1NS
Asking Price: £150,000
Property Type: 3 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: First purchased brand new in July 2013 for £121k, ideal first time investment as maintenance costs are going to be low and no work is required. It’s a 2 and a half bedroom so is likely to attract a professional couple as that small garden may put families off.

Address: 36 Kingsnorth Close, Newark, NG24 1PS
Asking Price: £134,950
Property Type: 3 Bed Semi Detached
Estate Agent: New home Agents
Condition: Unknown
Rent Range: £575-625pcm (assuming good condition)
Yield: 5.56%
Comments: from looking at floorplans of similar properties, it’s a good sized family home however it’s hard to say how much work is required as it seems to be camera shy. Could be worth though as it’s priced well for a quick sale.

Address: 2 Century St, Newark, NG24 1QP
Asking Price: £125,000
Property Type: 3 Bed Mid-Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Popular location for families with Barnby Road Academy just round the corner; an immaculately presented #7 sold in Feb 2018 for £115,000 with a rear extension, i’m not sure why this house is £10k more?

Address: 84 North Gate, Newark, NG24 1HF
Asking Price: £110,000 (Auction Guide Price)
Property Type: 3 Bed Detached House
Estate Agent: J H Walter
Condition: Finishing touches Required
Rent Range: £600-650pcm
Yield: 7.09%
Comments: Love a character property (especially those beams!) however the lack of parking and a car garage as your neighbour may put potential tenants off. Work wise, carpets need laying in a few of the rooms and you’ll need to get an EPC done and hope that it’s at least an ‘E’ before you can let it out.

Address: 13 Newnham Rd, Newark, NG24 1HY
Asking Price: £99,950
Property Type: 2 Bed End Terrace
Estate Agent: Jon Brambles
Condition: Light Work Required
Rent Range: £450-500pcm
Yield: 6%
Comments: Unusual choice to put kitchen units in the dining room but whatever works, I’d loose the units and update that kitchen (eek!) but after that the rest of property can be left alone. Good budget property for first time renters.

Address: Ringrose Close, Newark, NG24 2JL
Property Type: 2 Bed Semi Detached
Asking Price: £135,000
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.90%
Comments: Good first time investment due to minimal upkeep although i’m unsure on that asking price but the last 2 bed sold in 2014. We recently let #56 for £550pcm and i don’t feel this is worth any more so if you want more yield you don’t to get negotiating!

Buttercross Best Buy
Address: Flat 2, The Old Chapel, Lovers Lane, NG24 1HU
Property Type: 1 Bed First Floor Flat
Asking Price: £45,000 (Auction Guide Price)
Estate Agent: Auction House
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 12% (not including service charges)
Comments: Fantastic little apartment for a first time investor, we recently let #4 for £450pcm and would say the same for this one. Close to town and the train station..#GoForIt!

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.

twitterFacebooklinkedinmail

Eyes On….This Weeks Investment Properties In Newark

Standard

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: 18 Marton Road, Newark, NG24 1SL
Asking Price: £115,000
Property Type: 3 Bed Semi Detached
Estate Agent: SDL Auctions Graham Penny
Condition: Light refurbishment
Rent Range: £625-675pcm
Yield: 7.04%
Comments: Needs to be viewed to assess the condition. £130,000 seems to be the average price for a property on this street. Also factor in the buyers premium payable to the auctioneer.

Address: 44 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: William H Brown
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Two doors up sold for £115,000 in 2016. Looks recently modernised and ready to rent. The only bathroom is located off one of the bedrooms hence why they have described it an an en-suite. Located down a quiet cul de sac.

Address: 30 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 3 Bed Terraced
Estate Agent: Richard Watkinsons
Condition: Full Refurb Required
Rent Range: £550-600pcm
Yield: 6.00%
Comments: They’re all selling up on Smith Street. This needs a lot of work but offers a lot of potential. Good sized bedrooms and a huge garden which is missing a fence. Overpriced considering the amount of work required.

Address: 174 Northgate, Newark, NG24 1HL
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: Winkworth
Condition: Light Refurb Required
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Small terraced house in a good spot for the station. Next door sold for £106,000 last August and looks more modern (just looking at the front doors). Around £25,000 too much.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £125,000
Property Type: 3 Bed Terraced
Estate Agent: Haart
Condition: Ready To Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Next door to a house share. Paid £111,000 in December 2014 after it was renovated so probably not done anything to it since. Located near to Barnby Road Academy.

Address: 3 Newton Street, Newark, NG24 1SU
Asking Price: £130,000
Property Type: 3 Bed Terraced
Estate Agent: Bairstow Eves
Condition: Light Refurb Required
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Better location than Wood Street I think, though you’ll pay a bit more for it. Next door sold for £115,000 in January this year.

Buttercross Best Buy
Address: 28 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Tidy property close to town centre. Last bought for £107,000 in 2014. Comes with a garage which is handy in this location.

Address: 4 Toll Bar Cottages, London Road, Balderton, NG24 3JE
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 5.54%
Comments: Another tidy property from Jon Brambles. Number 1 sold for £117,000 in 2014. Car park to the side of the property.

Address: 5 Riverside Road, Newark, NG24 4RJ
Asking Price: £140,000
Property Type: 2 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Light Modernisation Required
Rent Range: £575-625pcm
Yield: %
Comments: Popular location and plenty of storage which is lacking in more modern properties. Kitchen needs modernising and probably the bathroom. Number 1 sold for £136,500 in 2015.

Address: 4 Friary Road, Newark, NG24 1LE
Asking Price: £145,000
Property Type: 2 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Very well presented terraced house near to the town centre. Busy road and neighbours have Japanese knotweed which is being treated. Something to investigate further.

Address: 16 Baines Avenue, New Balderton, NG24 3BL
Asking Price: £145,000
Property Type: 2 Bed Semi Detached
Estate Agent: Alasdair Morrison
Condition: Probably Needs Work (No internal photos)
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Paid £133,950 in September 2007 shortly after it was renovated (bought in February of the same year for £95,000). No internal photos to see what it’s like now and the description doesn’t help. Off street parking for when the road fills up during the school run. Often used as a run through to the back of Balderton.

Address: 26 Boundary Road, Newark, NG24 4AL
Asking Price: £150,000
Property Type: 3 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £600-625pcm
Yield: 5.00%
Comments: Last terrace to sell on the street was #16 for £132,000 back in 2015. Looks very well presented. Quite tight for parking around this busy road.

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.

twitterFacebooklinkedinmail

Selective Licensing Scheme update -Nottingham

Standard

Nottingham City Council (NCC) hosted a Selective Licensing event on 24th May to provide a residential landlord update on their scheme to licence 32,000 family homes across Nottingham as from the 1st August 2018.

The meeting focused on highlighting changes to the licensing conditions triggered by a recent court case Brown v Hyndburn bc. In this case, the Court held that the power to regulate the “management, occupation or use” of a house does not entitle an authority to impose conditions requiring the introduction of new facilities or equipment.

To review the schemes conditions, click the link
• Proof of building insurance will now only need to show it is for a BTL property
• If the licence holder has a current standard or enhanced DBS certificate, it will be accepted as part of the application process provided there are no convictions listed on it.
• Evidence of formal licence holder training in the last three years will be required as part of the application process. A CPD certificate from the training course will suffice.
All EMPO’s training courses come with CPD certificates.
• There is no requirement for an EICR, although it is recommended you have one done for each property as it expected to be a legal requirement across the entire Private Rented Sector from October 2019. (If the licence holder wants to secure the £300.00 accreditation discount from the licence fee they will need to obtain an EICR)
• There is no longer a requirement to provide a fire alarm test certificate where there is a fire alarm control panel.
• There is no longer a requirement to fit a thumb turn mortice lock on the front door of the property.
• Floorplans are no longer required; however, room sizes will be required as part of the online application form.
• There is no longer a requirement to produce an inventory.
• Please click HERE HERE to check your property comes under the scheme.
Please continue to review NCC website NCC website to get all the latest updates.

Online applications will commence from the 1st July 2018, beware any applications made after the 1st August will place the licence holder at significant risk in respect of Civil Penalty notices and Rent Repayment Order (RRO).

NCC have agreed to provide landlord licence holders managing over 30 rental properties and agents managing over 120 properties an extended period until the 31st October to complete their online applications. For licence holders to qualify for this extension and not be issued with a Civil Penalty notice the Council must receive a list of all properties subject to licensing by the end of July. However, no guarantees will be given to protect licence holders from tenants applying for RRO in these circumstances. Please visit NCC website for further details.

The licence fee of £780.00 per property is significant, EMPO is lobbying the Council to permit an option for both an agent and landlord to be joint licence holders on application forms. So, if the relationship between the agent and landlord fails during the 5-year licence period the landlord can become the lead licence holder and therefore not have to re-apply for a licence and be out of pocket for another £780.00 fee.

There was a clear indication from the meeting that senior Council officers have a desire to engage and work with the good landlord community in delivering this very challenging and colossal scheme. Anton Menzies, Head of Safer Housing at NCC made a point of saying the Council were not interested in targeting and enforcing against genuine good landlords who have failed unintentionally in their management responsibilities under this scheme. Instead, the Council would be looking to target the criminal landlords whose business model is simply to operate under the radar by issuing costly Civil Penalty notices and encouraging tenants to apply for RRO’s.

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

Standard

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: Lilac Cottage, 21 Balderton Lane, Coddington, Newark, NG24 2QD
Asking Price: £150,000
Property Type: 2 Bed Semi-detached Cottage
Estate Agent: Alasdair Morrison
Condition: Unknown
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Rent range is based on the property being in good condition throughout, the lack of photos makes things a little difficult! Coddington is a desirable area and character properties are often popular, only downside is the EPC rating at an E, it’s legal to rent but tenants don’t like paying over the odds on utilities.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £129,950
Property Type: 3 Bed Mid Terrace
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: A stones throw from Barnby Road Academy and close to town centre with a lovely kitchen, this house is well presented but a little expensive. The last 3 bed sold in August 2017 for £112,000 with an open kitchen/diner although agreeable the kitchen isn’t as nice!

Address: 36 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £125,000
Property Type: 2 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Low council tax band, reasonable epc rating and an affordable rental price, this property is ideal for a couple or small family and the investor doesn’t need to do any updating (at first glance anyway!). The last 2 bed was a mid terrace and sold for £115,000 in Feb this year however some rooms required new carpets or redecorating.

Buttercross Best Buy Ready to Rent
Address: 9 North Gate, Newark, NG24 1EX
Asking Price: £125,000
Property Type: 3 Bed End of Terrace
Estate Agent: Springbok Properties, Nationwide
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Very well presented property, especially the lovely kitchen/living room. These properties aren’t overly deep but they are tall with surprisingly spacious bedrooms, we manage number 11 next door which is in a similar condition for £600pcm; the only negative we found was the lack of parking everywhere but you can’t please everyone!

Buttercross Best Buy Fixer Upper
Address: 2 Belvoir Road, Balderton, Newark, NG24 3HQ
Asking Price: £120,000
Property Type: 3 Bed Semi-detached
Estate Agent: Newton Fallowell
Condition: Modernisation Required
Rent Range: £575-625pcm (once updated)
Yield: 5.88% (based on £7.5k spend)
Comments: Good one for those that want a fixer upper, this dated house with a fantastic garden needs new a kitchen and bathroom along with flooring and ideally redecorating; the magnolia could stay downstairs to reduce costs but the bedrooms could do with being a little more neutral. Barely anything sells on this street so it’s hard to judge the price?!

Address: 66 Cross Street, Newark, NG24 1NZ
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Purple Bricks
Condition: Would benefit from some modernisation
Rent Range: £450-500pcm
Yield: 5.22%
Comments: This property could be let as it is and expect the current rent range or money could be spent on changing the kitchen and little things like changing the dated gas fire, loosing the dark wood throughout and the floral paper and potentially get £500-525pcm.

Address: 113 Balderton Gate, Newark, NG24 1RY
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.96%
Comments: Well presented cosy little house close to town centre, these houses are small but perfectly formed! This one is ready to go and would be ideal for a singleton or couple but for something so small, i’m not sure it’s priced right?

So would pick a #FixerUpper or #ReadyToRent? 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.

twitterFacebooklinkedinmail

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

Standard

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 Eton Avenue, Newark, NG24 4JF
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Well presented three bed on the edge of hawtonville, modern throughout so no cosmetic work required for the foreseeable. The last sale was number 60 in June 2017 for £140,000 with some tlc required so this price seems pretty fair.

Address:7 Clayton Close, Newark, NG24 4HN
Asking Price: £135,000
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Winkworth
Condition: Unknown
Rent Range: £525-575pcm (if in good condition)
Yield: 5.1%
Comments: Previous sale was in March 2017 for £135,000, the bungalow needed updating throughout so the fact that this is similarly priced would suggest that it’s probably in the same condition and there’s no EPC either to give anything away. We’re always being asked for Bungalows but they’re so rare on the rental market, dare to be different?

Buttercross Best Buy
Address: 23 Birch Road, New Balderton, Newark, NG24 3DB
Asking Price: £130,000
Property Type: 2 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Immaculately presented house with no work required at all thanks to the fantastic job the vendors have done, properties around balderton lake are desirable and would an ideal first time investment. EPC and council tax are reasonable but not the cheapest so consider that for your prospective tenants.

Address: 20 Wright Street, Newark, NG24 1PJ
Asking Price: £117,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Another great looking property with a fair price tag, the last sale two sales on the street last year were for £99,000 in good condition and £80,000 that needed some tlc. Terrace streets aren’t for all tenants due to potential noisy neighbours and lack of parking, no-one wants to carry there shopping from the other end of the street!

Address: 38 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: Currently paying £425pcm – would suggest £450-500pcm
Yield: currently 4.64% – could obtain 5.45% if £500pcm is achieved
Comments: Small but perfectly formed AND already tenanted, personally i think the current rent is too low but you have to consider that putting the rent up may cause the current tenants to leave so is it worth the void period?

If you’ve seen a property in Newark or Nottinghamshire and would like a detailed report on it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

twitterFacebooklinkedinmail

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

Standard

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: 7 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Some work required – kitchen needs updating
Rent Range: £575-625pcm
Yield: 5%
Comments: Purchased in 2008 for £125,000, this 3 bed was one of the highest sales at the time and even though it hasn’t changed since then, it would appear to be overpriced looking at other previous sales. Number 8 sold in Aug 2017 following a complete renovation for £132,000 and was the highest sale on the street so far!

Address: Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £142,500
Property Type: 3 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Some work required – kitchen needs updating + possibly bathroom.
Rent Range: £575-625pcm
Yield: 5.26%
Comments: Good sized family home in a good location, the kitchen is a great size but really needs updating and i’m to hazard a guess and say that the camera shy bathroom is also likely to need an update. Once these improvements have been done, dependant on the level you could look at £625-675pcm.

Address: 29 Centenary Close, Balderton, Newark, NG24 3FE
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: The last 2 bed on the street sold for £115,000 after being renovated throughout in June 2017 with off street parking and was a semi rather than mid terrace; the last 3 bed sold was another semi in Sept in a similar condition to 29 for £133,000 with off street parking, why is this so much?

Address: Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Whitegates
Condition: Already Tenanted
Rent Range: £475pcm currently obtained
Yield: 5.18%
Comments: Investment property so no need to worry about void periods, it appears to be a small property in an average condition so rental price seems fair. There’s currently no epc so if it comes back below an E and the tenant isn’t in a fixed term, then you need to spend to money to get it there or you can be fined.

Buttercross Best Buy
Address: Parsons Close, Fernwood, Newark, NG24 3UX
Asking Price: £127,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.65%
Comments: Ideal first time investment, modern house with no initial work required in a popular area so it shouldn’t take long to get a tenant, perfect for keeping those void periods as short as possible. Last sale was on Dovedale Terrace on January 2017 for £115,500, the exact same layout and condition but no garage.

If you’ve seen a property in Newark or Nottinghamshire and would like a detailed report on it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

twitterFacebooklinkedinmail

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

Standard

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: Lacey Green, New Balderton, NG24 3NJ
Asking Price: £146,950
Property Type: 2 Bed Semi-detached
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Well presented home in a popular area with a good EPC rating and low council tax band making it ideal for a couple or small family. Last 2 bed sold in March 2017 for £135,000 in a similar condition with a conservatory too but without a garage.

Address: 5a The Twitchell, Newark, NG24 4NU
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Purchased 10 years ago, aside from a colour change, this property hasn’t changed a bit! No photos of any of the bedrooms, hopefully they aren’t that bad?! No EPC yet so make sure you check the verdict before buying.

Address: 36 Mercia Road, Newark NG24 4NA
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Now Homes
Condition: Minor Work Required
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Located in Hawtonville, this property is a generally good condition with, my only gripe is the over bed storage in two of the bedrooms as they restrict the layout of a room and makes it difficult for tenants to accommodate their own furniture.

Buttercross Best Buy
Address: 35 Lovers Lane, Newark, NG24 1LU
Asking Price: £115,000
Property Type: 3 Bed Mid-Terrace
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6%
Comments: Ideal first investment, recently refurbished with new carpets and painted throughout, plus it’s rated EPC ‘D’ so you’re within the legislation changes too. Only downside, it has a downstairs bathroom which is a real marmite thing with tenants but you can’t please everyone.

Address: 35 Appletree Close, Newark, NG24 2FA
Asking Price: £85,000
Property Type: 2 Bed First Floor Apartment
Estate Agent: YOPA
Condition: Ready to Rent
Rent Range: £425-475pcm
Service Charge: £73.82 PA (inc ground rent, maintenance and building insurance)
Yield: 6.7%
Comments: Another good first time investment, no work required and the service charge is very reasonable. Close to town, knowhow, train station AND A46 so it will suit a lot of professional tenants. This property only purchased in September 2017 for £79k so why sell again so soon?

If you’ve seen a property in Newark or Nottinghamshire and would like a detailed report on it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

twitterFacebooklinkedinmail