EYES ON…THIS WEEKS INVESTMENTS IN NEWARK!!!!

Standard

Here is this weeks round up of new properties for sale in NG24, up to a value of £150,000 although we’ve had another week with more reductions than newbies with 5 new and 6 reduced.

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

Address: The Twitchell, Newark, NG24 4NU
Asking Price: £145,000
Property Type: 3 Bed Semi-detached
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.96%
Comments: Lovely kitchen and bathroom with the rest of the property following suit, last similar sized property sold on Grange Road in Feb for £140,000 although it was finished to a higher standard.

Address: 38 Pierson Street, Newark, NG24 4JG
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Winkworth
Condition: Ready to Rent (ish)
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Another property in the same area with a great kitchen, the rest of this property is little more vibrate so to appeal to more tenants i’d tone it down to light grey, cream or mink…just not magnolia!!

Address: 45 Barnby Gate, Newark, NG24 1QD
Asking Price: £125,000
Property Type: 3 Bed Mid-terrace
Estate Agent: Richard Watkinson
Condition: Modernisation Required
Rent Range: £500-550pcm (after a basic refurb)
Yield: 5.28%
Comments: Only 4 sales on this street in the last 10 years, this dated property needs some tlc and that lift removing, it might be a USP but it’s a common request from tenants.

Buttercross Best Buy
Address: 8 Wright Street, Newark, NG24
Asking Price: £110,000
Property Type: 2 Bed Mid-terrace
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6%
Comments: Number 14 sold in June for £99k in a similar condition, great budget property for both the landlord and the tenant. EPC is just an E so it’s suitable for rental purposes for the foreseeable future.

Address: 7 Boundary Court, Boundary Road, Newark, NG24 4EA
Asking Price: £72,950
Service Charge: approx £900 PA – inc buildings insurance and ground rent.
Property Type: 2 Bed Ground floor Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 7.31% (inc service charge)
Comments: Well presented flat for cash buyers only as the lease runs out in 66 years, ideally get the lease extended before you buy it but if not i recommend you extend it afterwards otherwise resale will become very restricting.

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.

twitterFacebooklinkedingoogle_plusmail

Leave a Reply

Your email address will not be published. Required fields are marked *