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.

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

Address: 32 Smith Street, Balderton, Newark, NG24 3BA
Asking Price: £135,000
Property Type: 3 Bed End of Terrace
Estate Agent: William H Brown
Condition: Little Work Required
Rent Range: £525-575pcm (once work completed)
Yield: 5.11% (NOT inc improvement costs)
Comments: I would suggest carpets at least in the bedrooms, whether you’d like to keep the blue is up to you! There’s no EPC, it will need to be E or higher to rent out. Downstairs bathrooms can be a bit marmitey so bare that it mind.

Address: Portland Street, Newark, NG24 4XG
Asking Price: £125,000
Property Type: 3 Bed Mid Terrace Cottage
Estate Agent: CPG Properties
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky property although on a busy road, kitchen is a little underwhelming and washed out (sanding down those beams to bring the colour back may help?!) but the rest is pretty cosy. Loving the garden bar USP.

Address: 51 Alexander Avenue, Newark, NG24 3BB
Asking Price: £110,000
Property Type: 3/4 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £550-600pcm (once renovated)
Yield: 6.55% (NOT inc renovation costs)
Comments: Carpets and redecoration definitely required; ideally new kitchen but if cutting costs then rub down and paint unit doors although those tiles still need to go. Need to look into the damp issue in the bedroom and as for the bathroom…who knows?! Poor garden…

Address: Robert Dukeson Avenue, Newark, NG24 2FF
Asking Price: £140,000
Property Type: 2 Bed End of Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.7%
Comments: Already tenanted so assuming they’re good tenants, your work is done and no void period either! Martin and Co haven’t stated the current rent obtained, if they’re long standing tenants then it may be less than you were hoping so be sure to check.

Address: 14 Emmendingen Avenue, Newark, NG24 2FX
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Immaculately presented property, #20 sold this time last year for £134k but not quite at this level. Good location for KnowHow and Bakkavour workers with town within walking distance.

Address: Stephen Road, Newark, NG24 2BG
Asking Price: £130,000
Property Type: 3 Bed Semi Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Larger than you’d expect, these are ex council properties but don’t let that put you off, we let the same style house on Wolsey Road in January for £600pcm and the landlord had the choice of 4 applications!

Buttercross Best Buy
Address: 27 Marron Court, Fernwood, Newark, NG24 3UR
Asking Price: £99,950
Property Type: 1 Bedroom Quarter House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.70%
Comments: Ideal low maintenance investment for less than £100k, modern and with allocated parking making it ideal for professional person(s). #30 sold in December for £106k in a similar condition

If any of these properties have caught your eye and you’d like to discuss 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 INVESTMENT PROPERTIES 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.

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

Address: 66 Eton Avenue, Newark, NG24 4JF
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Well presented three bed on the edge of hawtonville, modern throughout so no cosmetic work required for the foreseeable. The last sale was number 60 in June 2017 for £140,000 with some tlc required so this price seems pretty fair.

Address:7 Clayton Close, Newark, NG24 4HN
Asking Price: £135,000
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Winkworth
Condition: Unknown
Rent Range: £525-575pcm (if in good condition)
Yield: 5.1%
Comments: Previous sale was in March 2017 for £135,000, the bungalow needed updating throughout so the fact that this is similarly priced would suggest that it’s probably in the same condition and there’s no EPC either to give anything away. We’re always being asked for Bungalows but they’re so rare on the rental market, dare to be different?

Buttercross Best Buy
Address: 23 Birch Road, New Balderton, Newark, NG24 3DB
Asking Price: £130,000
Property Type: 2 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Immaculately presented house with no work required at all thanks to the fantastic job the vendors have done, properties around balderton lake are desirable and would an ideal first time investment. EPC and council tax are reasonable but not the cheapest so consider that for your prospective tenants.

Address: 20 Wright Street, Newark, NG24 1PJ
Asking Price: £117,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Another great looking property with a fair price tag, the last sale two sales on the street last year were for £99,000 in good condition and £80,000 that needed some tlc. Terrace streets aren’t for all tenants due to potential noisy neighbours and lack of parking, no-one wants to carry there shopping from the other end of the street!

Address: 38 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: Currently paying £425pcm – would suggest £450-500pcm
Yield: currently 4.64% – could obtain 5.45% if £500pcm is achieved
Comments: Small but perfectly formed AND already tenanted, personally i think the current rent is too low but you have to consider that putting the rent up may cause the current tenants to leave so is it worth the void period?

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 INVESTMENT PROPERTIES IN NEWARK!!!

Standard

Here is this weeks round up of new properties for sale in NG24 up to a value of £150,000.

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

Address: 7 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Some work required – kitchen needs updating
Rent Range: £575-625pcm
Yield: 5%
Comments: Purchased in 2008 for £125,000, this 3 bed was one of the highest sales at the time and even though it hasn’t changed since then, it would appear to be overpriced looking at other previous sales. Number 8 sold in Aug 2017 following a complete renovation for £132,000 and was the highest sale on the street so far!

Address: Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £142,500
Property Type: 3 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Some work required – kitchen needs updating + possibly bathroom.
Rent Range: £575-625pcm
Yield: 5.26%
Comments: Good sized family home in a good location, the kitchen is a great size but really needs updating and i’m to hazard a guess and say that the camera shy bathroom is also likely to need an update. Once these improvements have been done, dependant on the level you could look at £625-675pcm.

Address: 29 Centenary Close, Balderton, Newark, NG24 3FE
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: The last 2 bed on the street sold for £115,000 after being renovated throughout in June 2017 with off street parking and was a semi rather than mid terrace; the last 3 bed sold was another semi in Sept in a similar condition to 29 for £133,000 with off street parking, why is this so much?

Address: Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Whitegates
Condition: Already Tenanted
Rent Range: £475pcm currently obtained
Yield: 5.18%
Comments: Investment property so no need to worry about void periods, it appears to be a small property in an average condition so rental price seems fair. There’s currently no epc so if it comes back below an E and the tenant isn’t in a fixed term, then you need to spend to money to get it there or you can be fined.

Buttercross Best Buy
Address: Parsons Close, Fernwood, Newark, NG24 3UX
Asking Price: £127,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.65%
Comments: Ideal first time investment, modern house with no initial work required in a popular area so it shouldn’t take long to get a tenant, perfect for keeping those void periods as short as possible. Last sale was on Dovedale Terrace on January 2017 for £115,500, the exact same layout and condition but no garage.

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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