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 £155,000.

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

Buttercross Best Buy
Address: 5 Thorpe Close, Newark, Nottinghamshire, NG24 4PJ
Type: 2 Bedroom ground floor apartment
Asking Price: £89,995
Estate Agent: Richard Watkinson
Condition: Ready to rent
Rent Range: £400-450pcm
Yield: 6.0%
Comments: A pleasant apartment tucked away in the corner of Thorpe Close ideal for a professional couple, the garden room makes a great feature and the property appears to have been well looked after so very little maintenance would be required; wonder what the kitchen is like?

Address: 109 Bowbridge Road, Newark, NG24 4BY
Type: 2 Bedroom mid terrace
Asking Price: £124,950
Estate Agent: Martin & Co
Condition: Ready to rent
Rent Range: £475-500pcm
Yield: 4.8%
Comments: This is a low maintenance family property with a tenant until June 2017; the most recent sale on the street was a 3 bedroom terrace in October for £123,000 making this 2 bed massively overpriced, the last 2 bed sold in 2014 for £83,000 in a very similar condition.

Address: 15 Magdalene View, Newark, NG24 2HZ
Type: 2 Bedroom mid terrace
Asking Price: £110,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £450-500pcm
Yield: 5.5%
Comments: It’s in a great location for the A1 and town centre and the spacious kitchen dining area makes it ideal for couples and small families alike; number 19 sold last christmas for £117,500 with a new kitchen so the price seems fair to me but i’ll let you decide what you think.

Address: 98 Wolfit Avenue, Balderton, Newark, NG24 3PQ
Type: 3 Bedroom semi detached
Asking Price: £150,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £600-650pcm
Yield: 5.2%
Comments: Balderton is a popular area for families with several schools nearby, the property would require very little maintenance as it’s been finished to a very good standard; number 55 sold for £135,000 6 months ago, could there be room for negotiation?

Address: 25 Broome Close, New Balderton, Newark, NG24 3DE
Type: 3 Bedroom detached
Asking Price: £155,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 4.8%
Comments: This property is in the popular lakeside development within a short distance from the A1 and schools making it ideal for couples and families, number 28 sold last Christmas for £141,000 however it didn’t have a conservatory.

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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