EYES ON…THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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Here’s a look at the latest properties coming to market in Newark. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it, lets see what you think….

Address: 13 Spring Lane, Balderton, Newark, NG24
Asking Price: £150,000
Property Type: 3 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent-ish
Rent Range: £625-675pcm
Yield: 5.4%
Comments: The conservatory is a great addition, gives the extra space to make it more family friendly. The kitchen does let it down slightly but not a deal breaker. Maybe neutralise those bedroom colours to please more people.

Address: 4 The Meadows, Farndon, Newark, NG24 3TH
Asking Price: Offers Over £150,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Purchased in June 17 for £120k, rooms have been decorated and some flooring has been changed. Kitchen and bathroom have remained the same but still ready to rent. Last 3 Bed of the same style was #5, sold for £145k in Feb 2018.

Address: Alms Houses, 79 North Gate, Newark, NG24 1HD
Asking Price: £145,000
Property Type: 1 Bed Character Mid Terrace Bungalow
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 4.13%
Comments: An unusual one, recently renovated and very central location. Paying a lot extra for the novelty, lovely but not a good enough return for the money. Check EPC and what potential parking actually means, could charge an extra £25pcm.

Address: Hardwick Avenue, Newark, NG24 4AW
Asking Price: £140,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Purple Bricks
Condition: Requires Renovation Throughout
Rent Range: £600-650pcm (once renovated)
Yield: 5.57% (exc renovation costs)
Comments: #22 sold this time last year for £147,500 finished to a very good standard. I honestly don’t know why this is so expensive, it needs a lot work.

Address: Waters Edge, Kings Sconce Avenue, Newark, NG24 1FS
Asking Price: £139,999
Property Type: 2 Bed End Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Investors only, great one if you don’t want to worry about a void period between buying and finding the right tenant. Only downside, you don’t know what sort of tenant you’re getting. Martin + Co are claiming 5.33% yield so that’s around £625pcm, a lot of rent for a v.small house.

Address: Charles Street, Newark, NG24 1RL
Asking Price: £135,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Belvoir
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.08%
Comments: Well presented little house, previously let this time last year for £575pcm. Obviously reason for sell is unknown, check boiler, consumer unit and EPC to check that’s not why. #44 sold in Sept 18 for £115k.

Address: Warburton Street, Newark, NG24 1LT
Asking Price: £135,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.11%
Comments: Well presented little starter house, central location but it’s a very tight street so i hope you can parallel park! Low maintenance garden is an added bonus, undercounter goods space can be a no no for some but you can’t please everyone.

Address: 25 Stanley Street, Newark, NG24 2EN
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Located in the middle of the industrial estate and a bit of a nightmare for parking. Nice throughout and again a good budget friendly house, EPC is low so you may need to spend some money if legislation changes.

So that’s this week’s selection. Feel free to 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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