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.

As ever, here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor.

Address:34 Elizabeth Road, Newark, NG24 4NP
Type: 3 Bedroom end terraced
Asking Price: £115,000
Estate Agent: Richard Watkinson
Condition: Needs renovating
Rent Range: £550-575 pcm (after refurbishment)
Yield: 6%
Comments: This needs a lot of work doing to it, not to mention i think it’s way over priced considering number 104 sold just 18 months ago for £95,000 in the exact same condition!!

Address: 4 Top Row, Newark, NG24 2JD
Type: 3 Bedroom mid terrace
Asking Price: £114,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: It has nice character features with the brick chimney breasts and log burners but there’s no photos of the bedrooms or bathroom which is a little odd, although it could be a pleasant surprise!

Address: 24 Robert Dukeson Avenue, Newark, NG24 2FF
Type: 2 Bedroom end terrace
Asking Price: £115,000
Estate Agent: Haart
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: The house is ready to go, the kitchen could do with an update but it’s not essential, it’s in a great spot for schools and commuters so it would suit a range of tenants.

Address: 53 Wolfit Avenue, Balderton, Newark, NG24 3PQ
Type: 3 Bedroom semi-detached
Asking Price: £137,500
Estate Agent: CPG
Condition: Some modernisation required
Rent Range: £550-575 pcm
Yield: 5.02%
Comments: The rooms are a good size but the aging tiles in the bathroom and kitchen let it down, replace those or even just update them with some tile paint and you could see an extra £50pcm.

Address: 9 Byron Close, Newark, NG24 4DX
Type: 3 Bedroom mid terrace
Asking Price: £129,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 5.81%
Comments: Fantastic garden and plenty of off street parking, the property has been given plenty of colour in every room, the lime green bathroom is certainly memorable!

Address:19 Vernon Avenue, Newark, NG24 1PG
Type: 2 Bedroom semi-detached
Asking Price: £126,950
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.19%
Comments: This would be ideal for a professional couple or a small family to move straight in to, it has a garage, parking and neutral decor throughout with a great breakfast kitchen.

Address: 6 Stafford Avenue, New Balderton, Newark, NG24 3DP
Type: 3 Bedroom end terrace
Asking Price: £125,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £550-600 pcm
Yield: 5.76%
Comments: A perfect family home, large enclosed rear garden with a bright kitchen and a good sized living room. You wouldn’t need to do anything to this property, just get a tenant in!

Address: 28 Charles Street, Newark, NG24 1RL
Type: 2 Bedroom mid terrace
Asking Price: £122,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.14%
Comments: The property is in a good location for the academy and isn’t too far from the town centre, it has a bright modern bathroom with a separate corner shower and extra living space in the cellar.

Address: 23 Rutland Avenue, Newark, NG24 4DL
Type: 2 Bedroom semi detached
Asking Price: £110,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.72%
Comments: This house is ready to rent however with a new kitchen and updated fire there is the potential for it let for £560pcm as another property has on the same street.

Buttercross Best Buy
Address: 30 Pierson Street, Newark, NG24 4JG
Type: 3 Bedroom end terrace
Asking Price: £99,950
Estate Agent: Martin and Co
Condition: Some modernisation required
Rent Range: £475-500 pcm
Yield: 6.0%
Comments: On average properties on the street sell for £117,000 and rent for £550pcm, there is potential to achieve this figure if the bedrooms are updated and a fresh coat of paint is put on the walls.

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.

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