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: 9 Robins Court, Newark, Notts, NG24 1QG.
Type: 2 Bedroom Ground Floor Flat
Asking Price: £60,000
Estate Agent: Richard Watkinson
Condition: Needs Renovation
Rent Range: £450-500pcm (once renovated)
Yield: 10%
Comments: Fantastic opportunity if you don’t mind getting stuck in! A renovated first floor 1 bed in the same block let for £485 earlier this year and with such a central spot, it’s perfect for commuters that use the rail service or drive thanks to the private parking.

Address: 32 Appleton Gate, Newark, NG24 1LR.
Type: 2 Bedroom Mid-Terrace
Asking Price: £140,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Well presented property in a good commuter spot, ideal for a couple or small family and there would be no/little work required. 40a sold for £123,500 in Dec 2016, another mid-terrace but it was dated in comparison to this one, is it worth almost £17,000 more?

Address: 7 Ross Close, Coddington, Newark, Nottinghamshire, NG24 2PY.
Type: 3 Bedroom End of Terrace
Asking Price: £149,950
Estate Agent: Newton Fallowell
Condition: Some modernisation required
Rent Range: £575-625pcm
Yield: 5%
Comments: Desirable village location with an Ofsted Good Primary school and great connections to the A1, property is dated in parts, particularly the bathroom and the kitchen/dining area is a close second. Sort those parts out and potentially get £650pcm.

Buttercross Best Buy
Address: 25 Charles Street, Newark, NG24 1RN.
Type: 2 Bedroom Semi-detached
Asking Price: £135,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.11%
Comments: Neutral home with additional living space in the cellar within the catchment area for Barnby Road School, an immaculate 2 bed terrace sold for £136,000 in March 2016 and there’s not much to fault here so this price seems fair, right?

Address: 5 Wentworth Corner, Newark, NG24 4PS.
Type: 2 Bedroom Mid-Terrace
Asking Price: £110,000
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.73%
Comments: On the outskirts of Hawtonville, this compact 2 bedroom house will be ideal for a working couple as a family may be a squeeze! No photo of the bathroom but the general condition would suggest little work will be required; number 2 sold in Feb 2016 for £95,000 but it was dated in comparison.

Address: 25 Wood Street, Newark, NG24 1PN
Type: 2 Bedroom Mid-Terrace
Asking Price: £117,500
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.87%
Comments: Beautifully presented home a short distance from town centre and Newark North Gate Station, i can’t find fault in the property although parking would be nice! All you need now is a tenant…

Address: 7 Oliver Close, Newark, NG24 1RS
Type: 2 Bed Semi-detached
Asking Price: £115,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Ideal for a first investment as very little cosmetic work is required, it’s close to the ever desirable Barnby Road School for families although Number 6 is currently sold stc for £110,000 in the same condition, it’s worth a shot!

Address: 2 Albert Avenue, Balderton, Newark, NG24 3HE
Type: 3 Bedroom End of Terrace
Asking Price: £119,950
Estate Agent: CPG
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: Balderton is a great area for families thanks to the schools and the A1, this property was last bought in Oct 2015 for £102,500 in need of an update which the current owners have done, with this in mind a tenant should be able to move straight in.

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: 32 Wright Street, Newark, NG24 1PJ
Type: 2 Bed terrace
Asking Price: £80,000
Estate Agent: Jon Brambles
Condition: Damp work required
Rent Range: £450-500pcm (once work completed)
Yield: 7.5%
Comments: Despite looking like an end terrace, this hasn’t always been the case; number 28 was subject to a gas explosion from foam canisters, the land the house was on has since been purchased and it’s expected another house will be built in its place. Damp work is required on the wall that was previously number 30, aside from that, a lick of paint, a lawn mower to the back garden and a good clean throughout would soon turn this into a family home.

Address: Apartment 50, Barrows Gate, Newark, NG24 2FY
Type: 2 Bed first floor apartment
Asking Price: £92,500
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6.16%
Comments: Flats in this block are very popular buy to let and with a yield like this who can blame them! Easy access to the A1 and town centre, ideal fora professional couple and the decorating is already done, what else do you need?

Address: 56 Appleton Gate, Newark, NG24 1LR
Type: 2 Bed mid-terrace
Asking Price: £100,000
Estate Agent: William H Brown
Condition: Requires modernisation
Rent Range: £475-525pcm (once modernised)
Yield: 6.3%
Comments: Good area for town, commuters and families although a new kitchen and a carpet cleaner would be well received in 2 bed terrace. Number 46 sold for £115,000 in Feb last year in a better condition so what do we think to the asking price?

Address: 48 Alliance Street, Newark, NG24 1HR
Type: 3 bed semi-detached
Asking Price: £125,000
Estate Agent: William H Brown
Condition: Some work required
Rent Range: £500-550pcm (once modernised)
Yield: 5.28%
Comments: A stones throw from the train station and a short walk into town, the kitchen appears to be camera shy but the property as a whole has potential and it’s perfect for couples that have rug-o-phobia!

Address: 34 Trinity Road, Newark, NG24 4EN
Type: 3 Bed semi-detached
Asking Price: £125,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Well presented spacious family home that’s close to several schools and the leisure centre, Number 31 sold in May for £119,950 and was finished to a lower standard, just need a tenant now!

Buttercross Best Buy
Address: 19 Hayside Avenue, Balderton, Newark, NG24 3GB
Type: 2 Bed semi-detached
Asking Price: £129,995
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Fab little 2 bed house in Balderton with a garage, driveway and enclosed garden, perfect for a couple to move straight into, that is if the missing pictures of the bathroom and kitchen are coincidental and not because they’re that ugly!

Address: 21 Hounsfield Close, Beacon Heights, Newark, NG24 2LR
Type: 2 Bed semi-detached
Asking Price: £129,950
Estate Agent: Alasdair Morrison
Condition: Some modernisation required.
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Great spot for the A1 and Coddington School, the potential is there even with that kitchen but with number 33 selling a year ago for £129,995 in great condition, i would challenge the asking price for sure.

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: 26 Hardwick Avenue, Newark, NG24 4AW
Type: 3 Bed mid-terrace
Asking Price: £147,500
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.3%
Comments: This mid terrace house is just a short walk to Newark town centre and is within the catchment area for Christ Church and William Gladstone primary schools making it ideal for young families. The current owners bought the property in Oct 2015 for £134,410 and have since added the shower room and redecorated in parts, number 22 sold in June 2016 for £138,000 but it didn’t have additional shower room, is it worth the extra £10k?

Address: 37 Kingsnorth Close, Newark, NG24 1PS
Type: 3 Bed semi-detached
Asking Price: £140,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £5252-575pcm
Yield: 4.93%
Comments: Garage, off street parking, close to town centre and the station, this property ticks a lot of boxes for prospective tenants, not to mention the modern kitchen and low maintenance garden. Another property on the street, 22a, sold in Oct 2016 for £129,500 however they had spent money making an open plan kitchen/diner/lounge and installed double french doors to the rear of the property. Based on that information, i’m not sure why this property is being marketed for £140,000 unless of course it has a seriously impressive bathroom!

Address: 9 Wolsey Road, Newark, NG24 2AZ
Type: 3 Bed semi-detached
Asking Price: £140,000
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: This is a spacious home perfect for families and couples alike, it has a large garden with a shed and summerhouse and is just a short walk into town. The property is ready to rent however some new carpets and kitchen cupboard doors would make the world of difference, the last 2 properties sold were for £119,995 and £120,000 respectively so why is this one £140,000?

Address: 17 Magdalene View, Newark, NG24 2HZ
Type: 2 Bed end terrace
Asking Price: £120,000
Estate Agent: Express Estate Agency
Condition: Some modernisation required
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Advertised as an investment property, it’s in a great spot for the A1 and the industrial estates but this house could do with an update in the kitchen and the bathroom, keep costs low by just replacing the doors in the kitchen instead of complete units and try tile paint in the bathroom. Number 19 sold Dec 2015 for £117,500 with a new kitchen and attractive garden so this price could be a little optimistic.

Address: 21 Coronation Street, Balderton, Newark, NG24 3BD
Type: 2 Bed end-terrace
Asking Price: £120,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: This is a lovely home in a desirable area for a couple or small family with the A1 and Newark town centre near by along with the John Hunt School just a short walk away. Similar properties don’t come up for sale very often however looking at what else is currently on the market, it would appear to be on par with other like for like properties.

Address: 109 Balderton Gate, Newark, NG24 1RY
Type: 2 Bed mid-terrace
Asking Price: £79,950
Estate Agent: Alasdair Morrison
Condition: Requires renovation
Rent Range: £375-425pcm (once renovated)
Yield: 6.4%
Comments: Ideal for someone wanting to get stuck in! Perfect for families with young children as it’s within the Barnby Road Primary School and it’s just a short walk into town and Newark Castle train station. Properties on this street let on average for £425pcm with an exception of one at £600pcm that was refurbished to a very high standard and slightly further down the road.

Buttercross Best Buy
Address: 11 King Street, Newark, NG24 4UQ
Type: 2 Bed semi-detached
Asking Price: £79,950
Estate Agent: Alasdair Morrison
Condition: Requires renovation
Rent Range: £500-550pcm (once renovated)
Yield: 8.26%
Comments: This property has a lot of potential in the rental market and it’s perfect for someone that wants to start from scratch; the neighbouring property was let in April 2016 for £550pcm and there’s no reason why this couldn’t easily let for £550pcm or higher dependent on the finish.

Address: Cardinal Hinsley Close, Newark, NG24 4NQ
Type: 2 Bed mid-terrace
Asking Price: £120,000
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Tucked away right on the edge of Hawtonville is this deceptively spacious 2 bed home with a conservatory and parking. The last property was sold for £108,000 in June 2016 and it was finished to the same level as this one but it didn’t have a conservatory.

Address: 1 Lindum Street, Newark, NG24 1NH
Type: 2 Bed end-terrace
Asking Price: £117,000
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.13%
Comments: This is just a short distance from the train station and the town centre, the last 2 bed was sold for £112,500 in July 2016 and was finished to a very high standard. It would require very little work to this house so you just need find a new tenant for it!!

Address: 44 Grove Street, New Balderton, Newark, NG24 3AZ
Type: 2 Bed mid-terrace
Asking Price: £110,000
Estate Agent: Newton Fallowell
Condition: Redecoration required
Rent Range: £500-550pcm
Yield: 6%
Comments: It’s located in the sought after New Balderton area and is great for both primary and secondary schools; most houses on this street with 3 bedrooms sell for £110,000, the most recent was March 2016 with the last 2 bed selling in 2014 for £83,000. The property needs very little doing to it, to make it more desirable i would get the paint tins out and get rid of the red and yellow walls.

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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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: 10 Clarke Avenue, Newark, NG24 4NY
Type: 3 Bedroom semi-detached
Asking Price: £140,000
Estate Agent: Richard Watkinson
Condition: Ready to rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Recently renovated to a very good standard and a new ground floor extension added to the rear, it’s quite obvious they’ve spent a lot of money on the property; Whether it justifies the price considering Number 39 was sold in August for £110,000 it is up to you to decide.

Address: Parsons Close, Fernwood, Newark, NG24 3UX
Type: 1 Bedroom quarter house
Asking Price: £92,000
Estate Agent: Martin and Co
Condition: Ready to rent
Rent Range: £375-425pcm
Yield: 5.54%
Comments: Located on the popular Fernwood development with allocated parking, this size property would be ideal for a couple however without any photos it’s impossible to know what it’s like inside!

Address: 55 Appleton Gate, Newark, NG24 1LN
Type: 2 Bedroom end terrace
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to rent – apart from the kitchen!
Rent Range: £525-550pcm
Yield: 5.5%
Comments: Good location for the train station and town centre, the property is neutrally decorated until you get to the kitchen which has different colour cupboards, tiles and splash back that i know i wouldn’t want.

Buttercross Best Buy
Address: 120 Winthorpe Road, Newark, NG24 2AX
Type: 3 Bedroom semi-detached
Asking Price: £139,950
Estate Agent: JHW Home
Condition: Ready to rent
Rent Range: £625-675pcm
Yield: 5.78%
Comments: Properties like this one on the street don’t appear on the market very often, it’s in a great location for the A1/A46 and would suit most types of tenant, however the shower unit could do with coming out of the bathroom and replacing it with a bath and an overhead shower as it will appeal to more tenants.

Address: 103 Elizabeth Road, Newark, Nottinghamshire, NG24 4NR
Type: 3 Bedroom semi detached
Asking Price: £134,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £625-675pcm
Yield: 6%
Comments: The owners have clearly spent a lot of money on the property, it was bought 2 years for £37k less than the current asking price so it looks like there hard work has paid off. Great property for a family with plenty of living space and a large enclosed rear garden.

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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