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

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Address: 83 Barnby Gate, Newark. NG24 1QW
Asking Price: £150,000-£155,000
Property Type: 2 Bedroom Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £545-£595pcm
Yield: 4.76%
Comments: Bought just 7 months ago for £145k, nothing has changed at all. Begs the question, why move so soon? Neighbours, parking, noise? Positives – very well presented, plenty of living space and central location.

Address: Goldsmith Road, Balderton, Newark, NG24 3QR
Asking Price: £150,000
Property Type: 2 Bedroom Semi – Detached Bungalow
Estate Agent: William H Brown
Condition: Some work needed
Rent Range: £600-650pcm when done
Yield: 5.2%
Comments: Bungalow rentals are few and far between but popular, this one needs a lick of paint, couple of carpet changes, a new oven and at least a re-grout in the bathroom. Replacement kitchen and bathroom would be best but understandably not ideal.

Address: 20 Boundary Road, Newark NG24 4AL
Asking Price: £150,000 – £160,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Well presented property although funny layout, kitchen-bathroom-utility-sunroom!? No bath which often puts young families off. Good sized bedrooms. #26 sold for £153k in Nov 18 in a similar condition but not extended as much.

Buttercross Best Buy
Address: 70 Lime Grove, Newark, NG24 4AH
Asking Price: £149,950
Property Type: 3 Bedroom Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.2%
Comments: #40 sold in Dec 18 for £137,500 in similar condition. Downstairs bathroom isn’t for everyone so consider that. Popular street, we’ve often found rentals go promptly when priced right. Just need to lose the nursery decor and try and budge that price.

Address: 20 Orchid Drive, Farndon, Newark, Nottinghamshire NG24 3TX
Asking Price: £147,500
Property Type: 2 Bedroom House
Estate Agent: Belvoir!
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.08%
Comments: Popular village with a garage conversion. Second bed a little small but good for a couple or single person. No work required, worth checking the boiler age as it will be on it’s last legs if it’s the original.

Address: 77 Clarks Lane, Newark, Nottinghamshire, NG24 2EF
Asking Price: £130,000
Property Type: 2 Bedroom Semi – Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.3%
Comments: Well presented little house, good starter house for both tenant and LL in terms of running costs and initial outlay. Properties do take quite a while to sell though, something to factor in.

Address: 1 The Malthouse, Newark, NG24 1LA
Asking Price: £130,000 – £140,000
Property Type: 2 Bedroom Ground Floor Duplex Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Ground Rent: £800 PA
Yield: 5.96%
Comments: Really lovely apartment in a good, central location to town and station. We’ve let apartments at Maltings View on the other side of the road Apartments seem to take a very long time to sell in this block, i’m honestly not sure why, too much money?! This was purchased in June 16 for £137,500.

Address: 9 Philip Road, Newark NG24 4LX
Asking Price: £130,000
Property Type: 3 Bedroom Terraced House
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.76%
Comments: Recently renovated although i can’t get past the dark brown window surrounds and window sills…why?! Bit of a marmite-y area but you’ll never please everyone! We let a 4 bed for £675pcm earlier in the year to a similar standard on Gopher Road.

Address: 32 Side Row, Newark, NG24 2JB
Asking Price: £119,950
Property Type: 2 Bedroom Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-£550pcm
Yield: 5.5%
Comments: Ready to go, nice budget friendly for both LL and tenant. Good for A1 and industrial estate. Was previously marketed with another agent back in January 2019, properties in this area can take a while to sell.

Address: 18 Youngs Avenue, Fernwood, Newark. NG24 3FG
Asking Price: £99,950
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £470-£520pcm
Yield: 6.2%
Comments: Bought for £77k in March 2017, considered ditching the lounge carpet and lightening up walls in bedroom 2 and the hallway to get maximum rental and a quicker let. The photos don’t really help as they make the apartment seem dark.

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