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: Mill Gate Apartments, 11 Mill Gate, Newark NG24 4TR
Type: 2 Bed second floor apartment
Asking Price: £150,000
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.6%
Comments: Mill Gate apartments were built/renovated less than 1 year ago to a very good standard so no cosmetic work is required, it’s in a great town centre location and close to Newark Castle Station with views of the river, perfect for a professional couple.

Address: 3 Read Close, Fernwood, Newark, NG24 3FY
Type: 3 Bed mid-terrace
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.17%
Comments: Well presented home ideal for families and couples a like situated in the popular Fernwood establishment, number 1 sold in July for £130,000 without a conservatory in the same condition, what’s there to argue with?!

Address: 6 Simpson Way, Balderton, Newark, NG24 3RD
Type: 3 Bed end of terrace
Asking Price: £135,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.33%
Comments: This private end terrace is tucked away in the older part of Balderton just a short distance from the A1 and several schools; as next door sold for £121,000 without a conservatory in June, it just needs a Gas Safety Cert to make it tenant ready.

Buttercross Best Buy
Address: 6a Wellington Road, Newark, NG24 1NJ
Type: 1 Bed first floor apartment
Asking Price: £78,500
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £350-400pcm
Yield: 6.11%
Comments: Just a short distance from town centre with permit parking, this little flat is ideal for a professional individual as the neutral decor and modern kitchen make it attractive and it means little to no work would be required for you, it’s hard to argue with that yield!

Address: 1 Sydney Street, Newark, NG24 1LX
Type: 2 Bed end of terrace
Asking Price: £110,000
Estate Agent: Haart
Condition: Some renovation required
Rent Range: £450-500pcm
Yield: 5.45%
Comments: Perfect spot for North Gate Station and town centre, the aging green tiles in the kitchen could do with coming down or painting white and matching doors would help, sadly the bedrooms didn’t get the memo about photo day so they’ve been left out!

Address: 1a Everest Court, Balderton, Newark, NG24 3PZ
Type: 2 Bed end of terrace bungalow
Asking Price: £116,950
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Modern bungalow with a conservatory extension in Balderton close to local amenities and a regular bus service making it ideal for an older couple, the green bedroom carpet is the only real eyesore but the lovely kitchen makes up for it!

Address: 31 Sleaford Road, Newark, NG24 1NF
Type: 3 Bed mid-terrace
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Good location for town centre and train stations making it great for families and commuters although the lack of parking could make it less desirable. The last two 3 beds sold last year for £108,500 and £110,000 in similar condition to this one, it may be worth an offer?

Address: 91 Hawton Lane, New Balderton, Newark, NG24 3EH
Type: 3 Bed mid-terrace
Asking Price: £125,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Spacious and recently refurbished, this 3 bed is close to several schools and has enough space 4 for cars making it a good choice for families. Just a short walk to lake, these properties don’t appear often, grab it if you want it.

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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