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.

Buttercross Best Buy
Address: 70 Milner Street, Newark, NG24 4AA
Asking Price: £135,000
Estate Agent: Winkworth
Condition: Complete Refurbishment Required.
Rent Range: £600-650pcm (Once refurbished)
Yield: 5.77%
Comments: Complete overhaul required, I know retro is in at the moment but I’m not convinced! There’s no photo of the bathroom but judging the rest of the house I think it’s safe to say it will be bad. Most expensive terrace on the street fetched £158,500 in June this year (Number 8).

Address: Goldstraw Lane, Fernwood, NG24 3FF
Asking Price: £114,950
Service/Maintenance Charge: approx £1,317.12 PA
Ground Rent: £125 PA
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 6.18% (inc GR and Serv Charge)
Comments: Modern, low maintenance property making it ideal for a first time investor, 3 bed apartments aren’t overly common on the rental market so desirability is difficult to judge. The owners have cleverly used one of the bedrooms as a dining room to make extra living space, certainly worth advising tenants.

Address: 24 Birch Road, New Balderton, NG24 3DB
Asking Price: £135,000
Estate Agent: Newton Fallowell
Condition: Light Refurbishment Required.
Rent Range: £575-625pcm
Yield: 5.55%
Comments: Good area for families and couples, close to the A1 and outstanding schools. Price is fair for the work required, that kitchen has got to go, the gardens need some tlc and the master needs a carpet..also I’m not sure anyone has ever said “nice mismatch conservatory tiles”…

Address: 77 Philip Road, Newark, NG24 4PE
Asking Price: £89,950
Estate Agent: Newton Fallowell
Condition: Cosmetic Work Required.
Rent Range: £500-525pcm
Yield: 7.00%
Comments: Kitchen is good and it just needs a lick of paint and the curtains getting rid of. Maybe a new bathroom? 86 Grange Road sold for £87,000 in June this year.

Address: 63 London Road, Balderton, NG24 3AG
Asking Price: £110,000
Estate Agent: Edlin & Jarvis
Condition: New Fences Required
Rent Range: £525-£575pcm
Yield: 6.27%
Comments: Typical 2 bed terrace. Not the biggest but will be fine to rent. Number 71 sold for £114,950 last December but was much bigger upstairs and in better condition.

Address: Apartment 2, Dobsons Quay, Newark, NG24 1EU
Asking Price: £89,950
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525pcm
Yield: 5.59% (Allowing for service charge)
Comments: Looks a well styled flat in a good location. Not the biggest place but OK for a single person or couple. Value has increased by 34% since 2003.

Address: 10 Apple Avenue, Fernwood, Newark, NG24 3US
Asking Price: £86,000
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £400-425pcm
Yield: 5.93%
Comments: Cosy 1 bed quarter house complete with oil stain on the parking space. Just check on service charges as this will affect your yield.

Address: Coleman Avenue, Balderton, NG24 3DR
Asking Price: £126,950
Estate Agent: Haart
Condition: Cosmetic Work Required
Rent Range: £575-625pcm
Yield: 5.91%
Comments: There’s a lot going on in this house so hard to really tell but it certainly needs decorating throughout. Bathroom looks dated but kitchen seems OK. Last two terraced sales on the street were for £103,000 and £97,000 over 2 years ago.

Address: Whitfield Street, Newark, NG24 1QX
Asking Price: £125,000
Estate Agent: Haart
Condition: Needs Renovation
Rent Range: £625-675pcm (after renovation)
Yield: 6.48%
Comments: Another ambitious price from Haart considering number 51 sold for £124,000 in excellent condition 12 months ago. Looks like it needs a skip or ten…

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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Investment Property Of The Week….

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Here’s my investment property of the week in NG24 for less than £150,000

Address: 18 Newton Street, Newark, NG24 1SX
Type: 3 Bedroom Mid Terrace House
Asking Price: Offers in the Region of £125,000
Estate Agent: Richard Watkinson & Partners
Condition: Refurbishment Required
Rent Range: £575-625pcm (once completed)
Yield: 6%

This property will be ideal for couples or families alike due to the fantastic location for town centre, both train stations and it’s just 5 minutes walk from the OFSTED outstanding and oversubscribed Barnby Road Academy School. A great thing to bare in mind is that families with young children will aim to enroll their little ones at Barnby Road School meaning that they are likely to stay at the property until they leave when they’re 11 years old.

In the last 3 years, 4 properties have been sold on this street ranging from £120,000 to £226,000 but only one was a terrace which sold for £120,00 in a similar condition to this property in December 2016.

The house has good sized rooms throughout with an upstairs bathroom and an additional shower room downstairs, the kitchen appears to require nothing but a good clean and the bathroom ceiling just needs a repaint along with a replacement shower as the tiles and suite don’t appear to be that old. As for the rest of the house, certainly all the carpets need to be replaced and those rooms with wood flooring either need carpet laying or painting/varnishing as they all look tatty and worn. The bedrooms definitely need a lick of paint or a wallpapered feature wall or two for a bit of colour and the peeling ceiling in Bedroom 3 needs some TLC!

This will appeal most types tenants once it’s been refurbished however i think there is movement in that price and of course, whatever you can save when buying the property you can put towards refurbishing it, £115,000 instead of £125,000 will push you to 6.5% yield…

If you’re interested in this property 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!!!

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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: 33 The Brewhouse Castle Brewery, Newark, NG24 4AF
Type: 2 Bed duplex apartment
Asking Price: £150,000
Estate Agent: Edlin & Jarvin
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Stunning 2 bed duplex apartment in a grade II listed building, fantastic location on the edge of town and close to the stations, they’re very rare so difficult to value pcm.

Address: Mill Gate, Newark, NG24 4TS
Type: 2 Bed ground floor apartment
Asking Price: £92,000
Estate Agent: Jon Brambles
Condition: Some modernisation required
Rent Range: £395-425pcm
Yield: 5.54%
Comments: Right in the middle of town with plenty of living space, it’s a great spot for commuters on the train as Newark Castle is just 10 minutes walk although it would do well from a new kitchen and bathroom however it’s bearable.

Address: Rutland Avenue, Newark, NG24 4DL
Type: 2 Bed semi-detached
Asking Price: £118,000
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.59%
Comments: This house has potential to be much more appealing, new cupboard doors and a lick of paint in the kitchen along with a modern fireplace and lounge carpet. The last 2 bed sold in Aug 2015 for £73,000 in better condition…

Address: 90 Wolfit Avenue, Newark, NG24 3PQ
Type: 2 Bed first floor apartment
Asking Price: £92,950
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 5.8%
Comments: Situated in Balderton within the popular Chuter Ede catchement area, the last flat sold in 2006 so it’s difficult to judge the asking price however it’s neutral decor will make it appealing to tenants and keep renovation costs low.

Address: 10 Emmendingen Avenue, Newark, NG24 2FX
Type: 2 Bed mid terrace
Asking Price: £114,950
Estate Agent: Pygott Crone
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Great spot for the A1 and town centre, Bishop Alexander Academy is just a stones throw making this ideal for both families and couples. It would appear they didn’t want us to see the kitchen and bathroom though, i hope it’s not that bad!

Address: 91 Bowbridge Road, Newark, NG24 4BY
Type: 2 Bed mid terrace
Asking Price: £129,950
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Close to amenities making it ideal for families and couples alike although parking is poor nevertheless very little work is required. Last 2 bed on the street sold in 2014 for £83k, the last 3 bed sold in Oct 2016 for £123,800 so..this asking price?

Buttercross Best Buy
Address: 95 London Road, Balderton, NG24 3AA
Type: 2 Bed mid terrace
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready for a tenant to move straight in, the only downside for a tenant is the typical parking issues that come with a terrace street. The property was bought in Aug 2015 in this condition for £118,000…

Address: 9 Brownlows Hill, Coddington, Newark, NG24 2QA
Type: 3 Bed mid terrace
Asking Price: £149,995
Estate Agent: William H Brown
Condition: Some modernisation required
Rent Range: £550-600pcm
Yield: 4.80%
Comments: Situated in the popular Coddington and within the village school catchment area, this property is ideal for a family however the kitchen and bathroom let it down significantly so some tile paint could make the world of difference as a cheap fix.

Address: The Tankard Building, Warwick Brewery, NG24 1TX
Type: 2 Bed duplex apartment
Asking Price: £130,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 6%
Comments: Fantastic character duplex apartment with modern finishes close to the stations, town centre and the A1/A46, perfect for a working couple and it even has parking, i can’t pick fault with this one!

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!!!

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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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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!!

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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.

Buttercross Best Buy
Address: 164 Barnbygate, Newark, NG24 1RQ
Type: 2 Bed mid-terrace
Asking Price: £109,950
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.46%
Comments: Fantastic spot for Barnbygate school with no additional work required, appealing kitchen/diner with a breakfast bar and a modern bathroom suite, you just need a tenant!

Address: 16 Shelley Close, Balderton, Newark, NG24 3LS
Type: 3 Bed bungalow
Asking Price: £139,950
Estate Agent: Kirkland and Lane
Condition: Complete update required
Rent Range: £600-650pcm (after update)
Yield: 5.57%
Comments: Bags of potential and it’s in a great area but that price is a bit cheeky! The last 3 bed sold in Sept 2015 for £125,000 in the same condition…

Address: 1 Woodcock Terrace, Fernwood, Newark, NG24 3UW
Type: 3 Bed end-of-terrace
Asking Price: £129,950
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.0%
Comments: Bright and modern living in the popular Fernwood establishment, with a great school, two parking spaces and the A1 nearby, this lovely property ticks all the boxes for a lot of people.

Address: 39 Whitfield Street, Newark, NG24 1QX
Type: 2 Bed mid-terrace
Asking Price: £127,500
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.18%
Comments: Not what i expected! Pleasantly decorated throughout with the added bonus of a bright loft room and 2 further cellar rooms, perfect for a growing family, especially with Barnbygate School just around the corner.

Address: 17 Meldrum Crescent, Newark, NG24 4NZ
Type: 3 Bed semi-detached
Asking Price: £105,000
Estate Agent: William H Brown
Condition: Some modernisation required
Rent Range: £500-550pcm
Yield: 6.29%
Comments: A lick of paint wouldn’t go amiss along with an update in the kitchen, it’s a short distance from Holy Trinity Primary School making it ideal for families and the last 3 bed sold for £113,000 in Sept 2015, sounds fair to me!

Address: Dobson’s Quay, The Wharf, Newark, NG24 1EU
Type: 1 Bed Apartment
Asking Price: £100,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.7%
Comments: Right in town centre and ready to go, 1 bed apartments haven’t been on the market since 2006 however the last 2 bed sold for £96,000 in similar condition, is this priced correctly?

Address: 23 Albert Street, Newark, NG24 4BJ
Type: 1 Bed mid-terrace
Asking Price: £90,000
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 6%
Comments: Charming character terrace with a refurbished kitchen, perfect for a professional couple or individual, not to mention it’s close to the town centre and the Newark Castle train station, where do i sign?!

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!!

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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: 6 Village Way, Farndon, Newark, NG24 4SX
Type: 2 Bed semi-detached bungalow
Asking Price: £148,950
Estate Agent: Richard Watkinson
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Located in a sought after village tucked away in a quiet cul-de-sac, this bungalow is on a generous plot with a garage, off street parking and a sun room in the garden, ideal for an older couple as everything is on one level and it’s a short distance to the A46 and A1. Number 8 sold in Aug 2016 for £138,000 with a conservatory and modern decor, so either they got a bargain or this property is slightly overpriced?

Address: 60 Eton Avenue, Newark, NG24 4JF
Type: 3 Bedroom semi-detached
Asking Price: £140,000
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.8%
Comments: Eton Avenue is within Hawtonville, a short distance from William Gladstone CofE Primary School and the new active4today leisure centre, the size and location of this property makes it ideal for families big and small. It’s being loving refurbished to very good standard so there wouldn’t be any modernisation required and someone could move straight in; as for the price, number 52 sold in Sep 2016 for same amount and it had also been refurbished throughout, and this property has an additional utility room, sun room and work room so it’s extremely hard to pick fault with the asking price.

Address: 26 Witham Close, Newark, NG24 2HD
Type: 3 Bed semi-detached
Asking Price: £145,000
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.96%
Comments: This property is tucked away in a quiet cul-de-sec off Strawberry Hall Lane, it’s a good spot for the A1, town centre and both train station which are all a short distance away. It needs very little doing to it, if anything, and as for the price it’s hard to judge as properties don’t sell in this area very often; the last 3 bed semi sold for £121,500 in July last year and prior to that was £125,000 July 2015 but both were dated in comparison to this one.

Buttercross Best Buy

Address: 62 Cranmer Road, Newark, NG24 4ET
Type: 3 Bed semi-detached
Asking Price: £134,950
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.7%
Comments: This house is just a couple of streets away from Eton Avenue and has also been renovated to a very high standard, the current owners purchased the house in October 2015 for £102,500 but you can certainly see where the money has been spent. It is slightly smaller than Eton Avenue and doesn’t have the additional utility room which is very popular with families; nothing else on the street has sold for anything close to this value as the last several sales have been on terraced houses for less than £80,000. Based on what’s on the market at the minute the property is priced highly for the area however the maintenance costs would be low due and the recent refurbishment certainly has the wow factor, knowing what the current owners paid for it, it never hurts to make an offer!

Address: 75 Grove Street, New Balderton, Newark, NG24 3AS
Type: 3 Bed mid-terrace
Asking Price: £124,950
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.7%
Comments: Balderton is popular area for couples an families, it’s a short distance to the A1 and there are two good schools within walking distance. This property has been refurbished to a high standard with 2 double bedrooms, an en-suite off the master room and a striking red and white kitchen, it would require little maintenance and could be marketed as soon as you have the keys. The last 3 bed that was sold on the street was refurbished to very high standard for £120,000 in May 2016 so do you think it’s worth the extra £5k?

Address: 23 Hatton Gardens, Newark, NG24 4BU
Type: 3 Bed mid-terrace
Asking Price: £119,950
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: This house has been finished to an impressive standard with a great modern kitchen, light and bright living spaces and has a good sized rear garden, it was bought by the current owners in 2013 for £100,000 however another 3 bed terrace hasn’t been bought since. The most recent purchase on the street was an extended 2 bed, number 45, in Nov 2016 for £115,000 so even though it doesn’t appear that the current owners have added anything to the property, i think they’ve managed to make money on it regardless!

Address: 42 The Ivies, Farndon Road, Newark, NG24 4SR
Type: 2 Bed semi-detached
Asking Price: £137,500
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5%
Comments: Good location for commuters and just a short drive to St Peter’s Crosskeys CofE Academy and William Gladstone CofE Primary School making it ideal for small families and couples alike. This property requires very little work and has a nice addition of a driveway and a garage, the last 2 bed semi on the street was number 8 which sold in Feb 2016 for £127,500 and is currently to let for £575pcm making 5.4% yield, honestly though, i just question whether you get much property for your money?

Address: 14 Wright Street, Newark, NG24 1PJ
Type: 2 Bed mid-terrace
Asking Price: £99,950
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 6%
Comments: In the last 2 years, 5 properties have sold on this street ranging from £83,000 to £99,950 with small differences in each one; the last one sold in Jan 2016 for £94,000 in a very similar condition so there could be some room for negotiation. It’s just a stones throw away from the very desirable Barnby Road Primary School with just a 15 minute walk into town and less than a mile to Newark North Gate, this little house would be perfect for a couple or a small family and it’s ready for them to move straight in to!

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!!

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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: 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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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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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: 40 Lime Grove, Newark, NG24 4AH
Type: 3 Bedroom mid terrace
Asking Price: £129,950
Estate Agent: Winkworth
Condition: Needs Renovation
Rent Range: £525-550pcm
Yield: 5.1%
Comments: Lovely terrace street in a great location, the property has a lot of potential and it’s a really good size but as it stands it needs completely gutting and refurbishing. With a good level of renovation it could reach £650pcm and 6% yield, number 34 was sold earlier this year for £127,500 and it wasn’t as outdated as this property, i’ll let you decide if it’s worth the asking price.

Buttercross Best Buy
Address: 34 Grove Street, New Balderton, Newark, NG24 3AS
Type: 3 Bedroom mid terrace
Asking Price: £118,950
Estate Agent: Haart
Condition:Ready to rent
Rent Range: £525-575pcm
Yield: 5.8%
Comments: Neutrally decorated and an ideal spot for families with young children with several schools near by, number 31 was sold at the end of July for £120,000 at a very high standard so it could be worth putting a cheeky offer in.

Address: Hamble Cottage, 20 Main Street, Farndon, NG24 3SA
Type: 2 Bed semi detached
Asking Price: £140,000
Estate Agent: Jon Brambles
Condition: Some modernisation required
Rent Range: £525-575pcm
Yield: 4.9%
Comments: It’s an old cottage full of character so the country style kitchen and bathroom work however the pink carpet and yellow walls upstairs let it down, if some money is spent upstairs then it could reach £600pcm. With wooden beams and a real fire, this cottage will suit a professional couple or small family that enjoy a property with personality. The last semi detached house was sold in 2013 for £129,000, has it been priced correctly?

Address: 27 Hine Avenue, Newark, NG24 2LH
Type: 3 Bed semi detached
Asking Price: £140,000
Estate Agent: Now Homes
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 5.3%
Comments: This is perfect for couples and families alike, the property requires no work at all and its in a great spot for A1 access and the industrial estate. There’s no photos of the bathroom so hopefully it’s a pleasant surprise!

Address: 23 Witham Close, Newark, NG24 2HD
Type: 2 Bed semi detached bungalow
Asking Price: £140,000
Estate Agent: Alasdair Morrison
Condition: Some modernisation required.
Rent Range: £525-575pcm
Yield: 4.9%
Comments: This bungalow is hidden away within the industrial estate on a quiet street, it has a generous living space but the kitchen and bathroom could do with an update. The last bungalow on the street was sold last year for £105,000 in a similar condition so i’m not convinced this has been priced right at all.

Address: 7 Lawrence Street, Newark, NG24 1NE
Type: 3 Bed semi detached
Asking Price: £134,950
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £550-600pcm
Yield: 5.3%
Comments: This family home is in another good spot as it’s a short walk to Newark Northgate and the town centre. It’s a deceptively spacious home that could do with a lick of paint to tone down the various bright coloured walls, unless of course you like it?! Number 14 sold in September for £140,000 and was finished to a much higher standard, sounds like there’s some wiggle room in that price!

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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