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: 29 Milner Street, Newark, NG24 4AA
Type: 3 Bed mid-terrace
Asking Price: £150,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Lovely house just a short distance from town centre and Newark Castle Station ready for a family to move straight in, the last 3 bed was sold for £140,000 in Feb 2016.

Address: 6 Rowan Way, New Balderton, Newark, NG24 3AU
Type: 2 Bed ground floor flat
Asking Price: £95,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6%
Comments: Great little ground floor flat with a private garden, shed and conservatory, perfect as a first home for a couple. The carpets might not be the nicest but for the money and living space you can’t really complain!

Address: 2 Stafford Avenue, Newark, NG24 3DP
Type: 3 Bed mid-terrace
Asking Price: £99,950
Estate Agent: YOPA
Condition: Refurbishment required
Rent Range: £500-550pcm (once refurbished)
Yield: 6.6%
Comments: Some TLC required! No photos of the 1st floor, ripped kitchen floor and a tatty lounge, it’s not looking great however there plenty of potential; in a great area for schools and the new leisure centre, £10-£15k would make this house a fantastic family home.

Address: 23 Gopher Road, Newark, NG24 4HH
Type: 3 Bed semi-detached
Asking Price: £146,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.7%
Comments: Perfect family home within Holy Trinity catchment area, purple kitchen and pink bedrooms might not be to everyone’s taste but you can’t fault a family sized kitchen and garden.

Address: 40 Fairfax Avenue, Newark, NG24 4PQ
Type: 3 Bed semi-detached
Asking Price: £137,500
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.2%
Comments: Advertised as a 4 bed although i’m not sure a dining room classes as a bedroom. The last 3 bed sold in Jan 17 for £114,000, the upstairs is a little camera shy making it hard to compare! what’s it hiding?

Buttercross Best Buy
Address: 14 Lincoln Street, Newark, NG24 1HP
Type: 2 Bed mid-terrace
Asking Price: £114,950
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.7%
Comments: Ideal first time investor property, ready to rent with very little maintenance required, the last 2 bed sold in Oct 2015 for £84k, not a patch on this one but you decide if the price is right!

Address: 20b Eton Avenue, Newark, NG24 4JB
Type: 2 Bed semi-detached bungalow
Asking Price: £115,000
Estate Agent: Newton Fallowell
Condition: Refurbishment required
Rent Range: £525-575pcm (once refurbished)
Yield: 6%
Comments: A rare opportunity, rental bungalows are few and far between but often desirable, particularly with older couples for accessibility. Spend £5k on decorating and a kitchen and you should have a tenant in no time!

Address: 64 William Street, Newark, NG24 1QS
Type: 3 Bed end of terrace
Asking Price: £135,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.9%
Comments: Great town centre location and just a short distance to both train stations, modern kitchen and bathroom but can’t judge it on much else although the last 3 bed sold for £103,000 in Sept a little worse than this.

Address: 188 Grange Road, Newark, NG24 4PP
Type: 3 Bed semi-detached
Asking Price: £134,950
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.1%
Comments: Spacious family property close to local amenities, the lounge requires new flooring but that aside it’s just waiting for a tenant. The last sale in Jan went for £145,000 in a similar condition, hard to argue with that!

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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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.

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: Flat 5, 5 Church Walk, Newark, NG24 1JS
Type: 1 Bed First Floor Apartment
Asking Price: £97,500
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 6.15%
Comments: Tucked away above Starbucks Coffee is this perfect sized apartment for a single person or professional couple, it’s ready to go and is a fantastic spot for Newark Castle station and town centre. Opportunities like this one don’t come up very often so don’t wait too long if you’re interested!

Address: The Courtyard Castle Brewery, Newark, NG24 4FF
Type: 2 Bed Ground Floor Apartment
Asking Price: £99,950
Estate Agent: Martin and Co
Condition: Unknown – likely Ready to Rent
Rent Range: £500-550pcm
Yield: 6.6%
Comments: The Courtyard is new built section of Castle Brewery, as i can’t see the inside i’m going my rent range is a guesstimate, the asking price is about right for this block so it would suggest it’s fairly standard throughout. It’s in a sought after area with town centre so close by, with the added bonus of allocated secure parking it’s ideal for commuters and town workers alike.

Address: 11 The Crossings, Newark, NG24 1TY
Type: 2 Bed Ground Floor Apartment
Asking Price: £109,950
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £500-550
Yield: 6.0%
Comments: This lovely apartment with good access to the A1, town centre and industrial estate has allocated parking and modern finishes ideal for couples and singles alike. The asking price is about £10,000 too high, despite the modern interior which can be found in other apartments at The Crossings, the last one sold in August 2016 for £97,995.

Address: 42 Quibell Road, Newark, Nottinghamshire, NG24 4HB
Type: 4 Bed Semi-detached
Asking Price: £132,500
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £650-700
Yield: 6.34%
Comments: Tucked away in a close corner, this family home has been extended and modernized to a good standard ideal for any tenant to move in straight away. It’s very difficult to form a judgement on the price as it’s been years since an equivalent property has been sold, however the yield is pretty strong and the log burner makes a nice USP.

Address: 77 Philip Road, Newark, NG24 4LX
Type: 2 Bed First Floor Apartment
Asking Price: £79,950
Estate Agent: Newton Fallowell
Condition: Some modernization required
Rent Range: £400-450pcm
Yield: 6.75%
Comments: Nestled within the Hawtonville establishment, this 2 bed apartment is on for a great price with plenty of potential, despite the yield already being strong on this property, an updated bathroom suit, fire and living room carpet could take the rent up to £475. The last flat sold on RM was in 2011 for £59,950 so it’s quite a rare opportunity!

Address: 101 Wolsey Road, Newark, Nottinghamshire, NG24 2AZ
Type: 3 Bed Mid-terrace
Asking Price: £120,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 6%
Comments: Just a short distance from town, this family house has a generous garden, enough off street parking for 2 cars along and neutral decor throughout. The price is in line with others in the area, number 93 was sold in September 2016 for £119,995 so anything less than the asking price would be a bonus!

Address: The Brewhouse, Newark, NG24 4AF
Type: 2 Bed Apartment
Asking Price: £125,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 6%
Comments: This is perfect for those couples and single people who like character homes with modern finishes, for a 2 bed apartment the price is comparable, number 38 sold April 2016 for £124,000 and due to the refurb, it should be fairly low maintenance too.

Address: 21 Vernon Avenue, Newark, NG24 1PG
Type: 2 Bed Semi-detached
Asking Price: £125,000
Estate Agent: Winkworth
Condition: Some updating required
Rent Range: £525-575pcm
Yield: 5.52%
Comments: There isn’t a huge amount that needs doing to this house, the purple kitchen is certainly memorable along with the matching bathroom and the out of date gas fire could be replaced updated for a fresher look. Looking at other recent sales, the last 2 bed semi was number 22 which sold in 2014 for £94,000 so i think a cheeky offer would certinaly be worthwhile.

Buttercross Best Buy
Address: 47 Sleaford Road, Newark, NG24 1NF
Type: 2 Bed End-terrace
Asking Price: £127,500
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 6.12%
Comments: What a great house, it’s quite obvious that someone has taken a lot of time to make this house a home. Even though the last 2 bed terrace on the street sold for £114,950, this has been finished to a much higher standard and would require no cosmetic work. This is on a great street, a little busy but in a good area and it’s perfect for couples and families!

Address: 2 Marton Road, Newark, NG24 1SL
Type: 2 Bed Semi-detached
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £525-575pcm
Yield: 4.76%
Comments: This property has 2 double bedrooms with plenty of living space, very little work needs to be done however an updated kitchen and living room fire would potential raise the pcm. The last 2 bed on the street sold for £125,000 in 2011 and the 3 bed was also sold for £125,000 in 2014, honestly i’m not sure where the asking price came from but i’ll leave you to decide what you think!

Address: 70 William St, Newark NG24 1QS
Type: 4 Bed Mid-terrace
Asking Price: £149,950
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Ideal for sharers or families, this property was built in 2005 and has been used as a rental ever since. As there were only a handful of these built on the street, it’s hard to form judgement on the asking price but 4 bedrooms for less than £150,000 only competes with 2 other properties on Rightmove which are in Hawtonville. With the addition of a driveway, small courtyard garden and a short walk to town, it suits a lot of prospective tenants.

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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