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: 21 Kingsnorth, Newark, NG24 1PS
Asking Price: £145,000
Estate Agent: Winkworth
Condition: Some work required
Rent Range: £625-675pcm (once work completed)
Yield: 5.4%
Comments: Semi-detatched, located down a quiet cul-de-sac within catchment to Barnby Gate School. In April 2017 a property very similar to this with a more modern kitchen and bathroom sold for £140,000 so why is this £149,950 when you need to rip out the dated kitchen and bathroom?

Address: 4 Clipsham Close, Balderton, NG24 3LD
Asking Price: £140,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Located in a desirable area of Balderton with great connections to the A1/A46, this 2 bed semi-detached house is well presented making it ideal for a first-time investor. It comes with an off-street parking space and the largely landscaped garden with limited grass space however the small bedrooms would make it well suited for a professional couple.

Address: 3 Barnby Crossing, Newark, NG24 2NG
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to rent.
Rent Range: £550-600pcm
Yield: 5.55%
Comments: Lovingly finished 2 bed terraced house with a great views of the English countryside. It has a great reception area made via an extension to the kitchen but is let down by the dated tiles that aside, it would make a great first time investment but bare in mind the closeness of the train line could be unattractive to most tenants.

Address: 11 Barnby Crossing, Newark, NG24 2NG
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to rent.
Rent Range: £550-600pcm
Yield: 5.55%
Comments: The second of two properties listed on Barnby Crossing this week. With two reception areas, two decent sized double bedrooms and a large bathroom we could see a working couple that could take advantage of the great travel links the location of this property has to offer. This property was sold previously in April 2017 so why the sudden need to sell?

Address: 89 Ruby’s Walk, Fernwood, Newark NG24 3FA
Asking Price: £139,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £600-650pcm
Yield: 5.78%
Comments: Located on the popular Fernwood estate this property would be ideal for professional couple or a small family. The bedrooms appear to be camera shy so it is hard to say whether there is anything to do cosmetically, although The most recently sold 3 bed end of terrace house on the estate (with a similar lay-out) was sold for £115,000 in 2013; It had a beautifully landscaped garden and a more modern interior.

Address: 15 Kings Road, Newark NG24 1EW
Asking Price: £125,000
Estate Agent:Richard Watkinson
Condition: Ready to rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Period Terrace house within walking distance of the train station. Morrisons is only a few doors down, so that makes the weekly shop that bit easier! Was bought in 2014 for £90,000 so questions can be asked as to whether £35,000 of extra value has been added on in the last 3 years considering it has only been painted.

Buttercross Best Buy
Address: 188 Barnby Gate, Newark NG24 1RH
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £575-625pcm
Yield: 6.25%
Comments: Fabulously decorated, and somewhat a bit odd! 3 beds makes this ideal for a family. Would be a problem to those who need a car as no off-street parking so better suited to those who work in town. Ideal for a first time investor. We understand that next door was sold for £110,000 earlier this year. However, next door was in need of a brand new kitchen, redecoration throughout and don’t get us started on that bathroom!

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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