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!

Buttercross Best Buy
Address: 4 Hardwick Avenue, Newark. NG24 4AW
Asking Price: £135,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.78%
Comments: Whitegates have said £500pcm for this property, okay it has wooden single glazed windows and solid brick walls BUT it is EPC rated ‘D’ so it’s legal to rent, so why SO low? Martin and Co let the house next door for £650pcm with double glazed windows but the same EPC rating, i’d want to know why £500pcm.

Address: 2 Eton Court, Eton Avenue, Newark. NG24 2JB
Asking Price: £145,000
Property Type: 2 Bedroom Detached Bungalow
Estate Agent: Richard Watkinson & Partners
Condition: Update Required
Rent Range: £525-£575pcm (once updated)
Yield: 4.76% (exc refurb costs)
Comments: Located in Hawtonville, rare bungalow opportunity but it’s in need of an update, the carpets are ageing it and the kitchen isn’t helping either. Try changing the unit doors rather than the carcasses to save money. Now Homes have been trying to sell No 5 since May for £149,950, it would appear a lot of Bungalows have been reduced recently on Rightmove.

Address: 62 Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £130,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Winkworth
Condition: Update Required
Rent Range: £625-675pcm (once completed)
Yield: 6.23% (exc refurb costs)
Comments: Plenty of potential and try saving costs by decorating, lifting flooring and changing kitchen unit doors yourself. Main thing is to get the house EPC ‘E’ or above for legality reason then crack on with the cosmetic bits.

Address: Flat 102, The Roundhead Building, Warwick Brewery, Newark, NG24 1TU
Asking Price: Offers over £129.950
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Ground Rent: £100 PA
Management Fee: £1000 PA
Rent Range: £600-650pcm
Yield: 5.95%
Comments: Well presented apartment in a sought after location, last sale was a 3 Bed in Sep 2017 for £138,500 so the price seems fair. Low EPC and electric heating may put potential tenants off.

Address: 35 Stafford Avenue, Balderton, Newark NG24
Asking Price: £115,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Alasdair Morrison
Condition: No photos to see
Rent Range: £525-575pcm
Yield: 6% (exc any potential work)
Comments: Pretty useless ad but i’ve done some digging and it turns out this is currently at HMO (house of multiple occupancy)! The blue kitchen cabinets are…different, seen worse but it’s likely you’ll need to spend money to make it a family home again.

Address: Mill Green, Newark. NG24 2HU
Asking Price: £110,000
Property Type: 3 bedroom terraced house
Estate Agent: Castlegate and Martin & Co.
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: On with two agents, Martin and Co have had it a week longer. Interesting bathroom and kitchen tiles but i’ve seen bolder!! The small living area often lets these properties down when finding a tenant.

Address: 184 Barnby Gate, Newark, NG24 1RH
Asking Price: £110,000
Property Type: 3 Bedroom Terrace
Estate Agent: Purple Bricks
Condition: Some Updates Required
Rent Range: £500-550pcm
Yield: 6%
Comments: Good kitchen and bathroom so the biggest battle is already done. Pull up those bold carpets and go for ‘character’ by leaving the floorboards exposed underneath, very quaint. Check the age of the boiler so you don’t get caught out.

Address: Goldstraw Lane, Fernwood. NG24 3FF
Asking Price: £85,000
Property Type: 2 bedroom apartment
Estate Agent: Martin & Co.
Condition: Ready to Rent
Ground Rent: £135 PA
Maintenance Charge: £1252.45 PA
Rent Range: £500-550pcm
Yield: 7.63%
Comments: Great first investment, modern apartment with the bonus of an en-suite AND bathroom, we let the same style of apartment on Youngs Avenue earlier this year for £550pcm. No 46 sold in Dec 2017 for £87k with the same condition and layout.

A good selection of properties, makes a nice change! If you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON….THIS WEEK 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: 31 Jubilee Street, Newark, NG24 4DA
Asking Price: £109,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Complete Update Required
Rent Range: £525-575pcm (once updated)
Yield: 6.28% (NOT inc renovation costs)
Comments: Crying out for an update, ALL of it. There’s no EPC yet so i’d check the rating then prioritise if you’re on a budget, E or above or you can’t let it.

Buttercross Best Buy
Address: 9 Linseed Avenue, Newark, NG24 2FJ
Asking Price: £140,000
Property Type: 3 Bed Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Good starter investment, we recently let a 3 bed semi on Wheatsheaf Avenue for £625pcm in a similar condition. The only real thing that lets it down is the kitchen, it would be worth changing the unit doors if nothing else.

Address: 25 Bromley Avenue, Newark, NG24 4DS
Asking Price: £119,950
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (althought i’d recommend a kitchen!)
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Another one awaiting an EPC, looking at the age it’s likely to be at least an E so hopefully you can spend any spare pennies on a kitchen; yes it’s ready to rent but a dated kitchen will put tenants off leaving it empty for longer.

Address: Huddlestones Wharf, Newark, NG24 4UL
Asking Price: £150,000
Property Type: 2 Bed Maisonette
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.4%
Comments: Very well presented maisonette, certainly not something that comes up very often. Currently building work underway on the lhs of the building and it’s next to The Navigation Pub, something to bare in mind for your new tenants.

Address: 96 Beacon Hill Road, Newark, NG24 2JG
Asking Price: £130,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.5%
Comments: Surprisingly spacious house, almost Tardis like! #94 sold in February for £130k in a very similar condition.

Address: Apartment 12, 11 Mill Gate, Newark, NG24 4TR
Asking Price: £130,000
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Ground Rent: £115 PA
Maintenance Charge: £720 PA
Rent Range: £475-525pcm
Yield: 4.82%
Comments: Lovely looking apartment but a lot for what it is, you may even obtain £550pcm but be prepared to wait, overpricing is a surefire way to put tenants off.

Address: 2a Milton Street, Newark, NG24 3AW
Asking Price: £150,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Fabulous kitchen/diner extension, this will be a big hit with families and those that like to entertain. EPC is a low E so be aware that should the minimum rating raise again, you may need a speed a few pennies, the report will detail what.

Address: 133 London Road, Newark, NG24 3AH
Asking Price: £129,950
Property Type: 3 Bed End of Terrace House
Estate Agent: Door Steps and LetsXchange
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready to go and has been advertised with LetsXchange for some time, recently marketed by Door Steps, it would suggest that they are getting itchy feet, it may be worth striking while the iron’s hot and putting in a cheeky offer.

Address: 8 Sydney Terrace, Newark, NG24 4DB
Asking Price: £125,000
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (although AGAIN i’d change the kitchen)
Rent Range: £500-550pcm
Yield: 5.28%
Comments: No chain, ideal for a quick buy. No recent sales on the street or in the area, the kitchen lets it down (in my opinion!) but that’s your call. The off street parking will be very appealing.

Lots of new kitchens this week but if you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, 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.

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

Address: Elizabeth Road, Newark, NG24 4NR
Asking Price: £137,995
Property Type: 3 Bed Semi Detached House
Estate Agent: Haart
Condition: Light Decoration Required
Rent Range: £550-600pcm
Yield: 5.21%
Comments: Well presented property, living room lets in down so i’d redecorate it. Fair price, #74 sold in March 2018 for £132,500 without the loft conversion or conservatory.

Address: 50 Whitfield Street, Newark, NG24 1QX
Asking Price: £115,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Work Required
Rent Range: £450-500pcm
Yield: 5.22%
Comments: Lovely modern extension, red carpet not the best but could be worse and i’d get rid the over bed storage. The property is an EPC ‘F’ with a new heating system upgrade required to reach an ‘E’, you cannot let it out if it’s not an least an ‘E’.

Address: 11 Barnby Crossings, Newark, NG24 2NG
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Those kitchen tiles are pretty marmitey! #3 sold in Jan 2018 for £120k which also had an extension however the current vendors of #11 bought this is for £126k in April 2017 but have done nothing to it since.

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £140,000
Property Type: 2 Bed End of Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Lovely looking property, nice and modern so a good starter property as maintenance costs will be pretty low. My ONLY concern is the built in bedroom furniture as a lot of tenants will already have a bed!

Address: Harcourt Street, Newark, NG24 1RF
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.72%
Comments: The kitchen size and finish lets this one down as does the EPC, if you want to spend the money updating the kitchen then you may manage an extra £25pcm but i’d focus on getting the property legal to rent. Bathrooms off the bedrooms always get mixed feedback.

Address: 46 Cranmer Road, Newark, NG24 4ET
Asking Price: £132,500
Property Type: 3 Bed Mid Terrace House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.21%
Comments: Good sized property, the bold wallpaper throughout and black bedrooms are down to a matter of taste but they may be a bit much for a rental property. The generous garden and parking is good but the lack of bath isn’t great for families.

Buttercross Best Buy
Address: Victoria Street, Newark, NG24 4UT
Asking Price: £147,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Gorgeous. Tenants will have to compromise on parking but they will be able obtain a permit from the council. Check the EPC before committing to anything. Where do i sign?

Address: 19 The Brewhouse, Castle Brewery, Newark, NG24 4AF
Asking Price: £130,000
Service Charge: £850 (every 6 months)
Annual Ground Rent: £125
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.41%
Comments: We let this property at the end of last year for £575pcm, it looks much better in person than how Purple Bricks have presented it on this listing!

Address: 1a Albert Avenue, Balderton, Newark, NG24 3HE
Asking Price: £147,500
Property Type: 2 Bed Converted Coach House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Spacious character property, purchased in June 2015 for £124,950, it hasn’t changed much aside from a colour change here and there. Street parking but has a garage, fancy something a bit different?

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 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: 42 Hawton Lane, New Balderton, Newark, NG24 3DL
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Good size and location, lack of bath and busy road may put families with young children off and i’d maybe lose the orange and peach bedrooms but that’s personal preference. Overall a bit of a vanilla property.

Address: 15 Newnham Road, Newark, NG24 1HY
Asking Price: £119,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.52%
Comments: Good first time investment, quite a tight terraced street but very well presented property and close to town centre + train station. EPC TBC to check that out before committing. #16 sold in Jan for £110k with separate kitchen and dining room but similar condition…

Address: 34 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £129,950
Property Type: 2 Bed Semi-Detached House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Well presented property, not huge but will suit a small family or couple. #24 sold on the 1st Feb 2018 at a lower standard and without a garage. This property was previously marketed at £515pcm with EMPM.

Address: 16 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £139,950
Property Type: 3 Bed Semi-Detached House
Estate Agent: Now Homes
Condition: Slight Update Required
Rent Range: £550-600pcm (based on update recommendations)
Yield: 5.14% (NOT including update costs)
Comments: Plenty of space but showing it’s age in places although take the curtains and lamp shades down and it’s looking younger already! I’d recommend changing the bold carpets and updating the kitchen tiles to something bright…the units too if you can. No idea about the bathroom!

Address: 58 Stafford Avenue, Balderton, Newark, NG24 3EG
Asking Price: £120,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £550-600pcm (based on high end finish)
Yield: 6% (NOT including update costs)
Comments: Needs updating throughout, combination of carpets, decorating, the whole kitchen including the units and if you can, i’d remove the shower and fit a bath to appeal to families.

Buttercross Best Buy
Address: 3 Cromwell Road, Newark, NG24 1RP
Asking Price: £90,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.6%
Comments: Small but well presented and less than £100k making it a great first time investment and great budget property for prospective tenants. #7 sold for £95k in March 2018 in a similar condition. No EPC yet so make sure you check it’s higher than an ‘E’!

Address: 29 Milton Street, Balderton, Newark, NG24 3AP
Asking Price: £105,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Alasdair Morrison
Condition: Major Update Required
Rent Range: £575-625pcm (once updated)
Yield: 7.14% (NOT including update costs)
Comments: This beauty needs an update…i’ve just seen my first aubergine bathroom suite and i think it has to go!! #35 sold in Aug 2017 for £110,000 with a much newer finish but not high end…although THIS price seems a bit high.

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 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 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: 41 smith street, Balderton, Newark, NG24 3BA
Asking Price: £109,950
Property Type: 2 Bed Mid-Terraced
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.0%
Comments: Well presented property with low running costs, good property for a couple or family on a budget. Current owners purchased it for £97,000 in June 2016 and aside from a couple of colour changes, it’s not changed since then.

Address: 8 Harrisons Way, Newark, NG24 1NS
Asking Price: £150,000
Property Type: 3 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: First purchased brand new in July 2013 for £121k, ideal first time investment as maintenance costs are going to be low and no work is required. It’s a 2 and a half bedroom so is likely to attract a professional couple as that small garden may put families off.

Address: 36 Kingsnorth Close, Newark, NG24 1PS
Asking Price: £134,950
Property Type: 3 Bed Semi Detached
Estate Agent: New home Agents
Condition: Unknown
Rent Range: £575-625pcm (assuming good condition)
Yield: 5.56%
Comments: from looking at floorplans of similar properties, it’s a good sized family home however it’s hard to say how much work is required as it seems to be camera shy. Could be worth though as it’s priced well for a quick sale.

Address: 2 Century St, Newark, NG24 1QP
Asking Price: £125,000
Property Type: 3 Bed Mid-Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Popular location for families with Barnby Road Academy just round the corner; an immaculately presented #7 sold in Feb 2018 for £115,000 with a rear extension, i’m not sure why this house is £10k more?

Address: 84 North Gate, Newark, NG24 1HF
Asking Price: £110,000 (Auction Guide Price)
Property Type: 3 Bed Detached House
Estate Agent: J H Walter
Condition: Finishing touches Required
Rent Range: £600-650pcm
Yield: 7.09%
Comments: Love a character property (especially those beams!) however the lack of parking and a car garage as your neighbour may put potential tenants off. Work wise, carpets need laying in a few of the rooms and you’ll need to get an EPC done and hope that it’s at least an ‘E’ before you can let it out.

Address: 13 Newnham Rd, Newark, NG24 1HY
Asking Price: £99,950
Property Type: 2 Bed End Terrace
Estate Agent: Jon Brambles
Condition: Light Work Required
Rent Range: £450-500pcm
Yield: 6%
Comments: Unusual choice to put kitchen units in the dining room but whatever works, I’d loose the units and update that kitchen (eek!) but after that the rest of property can be left alone. Good budget property for first time renters.

Address: Ringrose Close, Newark, NG24 2JL
Property Type: 2 Bed Semi Detached
Asking Price: £135,000
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.90%
Comments: Good first time investment due to minimal upkeep although i’m unsure on that asking price but the last 2 bed sold in 2014. We recently let #56 for £550pcm and i don’t feel this is worth any more so if you want more yield you don’t to get negotiating!

Buttercross Best Buy
Address: Flat 2, The Old Chapel, Lovers Lane, NG24 1HU
Property Type: 1 Bed First Floor Flat
Asking Price: £45,000 (Auction Guide Price)
Estate Agent: Auction House
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 12% (not including service charges)
Comments: Fantastic little apartment for a first time investor, we recently let #4 for £450pcm and would say the same for this one. Close to town and the train station..#GoForIt!

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: 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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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 although we’ve started the new year with just 5 new properties but 10 reductions!

Address: 50 Cardinal Hinsley Close, Newark NG24 4NQ
Asking Price: £150,000
Property Type: 3 Bed semi-detached
Estate Agent: April King
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Fantastic curb appeal and it’s well presented throughout, i’d lose the built in storage in the second bedroom as there’s a lot of it and a family would lose a double bedroom. Price seems a little adventurous for the area.

Address: 7 Clarks Lane, Newark, NG24 2EF
Asking Price: £130,000
Property Type: 2 Bed mid terrace
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Last sold in August for £80,914, previous listing states a modern home with no mention of work required but no photos; the property has never been sold for more than £97,000 so why £130,000?

Address: 47 Nelson Road, New Balderton, Newark, NG24 3EL
Asking Price: £130,000
Property Type: 2 Bed semi-detached
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Great location and condition, an ideal first investment aside from the asking price, £10k less and you’ll have a great yield and property.

Address: 44 Smith Street, New Balderton, Newark, NG24 3BA
Asking Price: £119,950
Property Type: 2 Bed mid terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: The last 2 bed sold for £102,000 in October and a spotless 3 bed sold in September for £117,500 but in this case one less bedroom will cost you more? There’s no EPC yet so factor that in before you buy.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bed second floor flat
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.6%
Comments: Haart haven’t disclosed the service charge or ground rent so be sure to at the lease before purchasing. This aside, another great first time investment for a good price and with a good epc rating.

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: 1 Newton Street, Newark, NG24 1SU
Asking Price: £110,000
Property Type: 3 Bed End Terrace
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Great property for a young family thanks to Barnby Gate Academy located just around the corner and it’s only a short walk to the park and town centre. Cosmetically the property could really do with new carpets throughout, a fresh coat of magnolia (if you HAVE stick to that colour) and get the gloss out and ditch the dark woodwork. MOST importantly, this property is EPC ‘F’ meaning NOBODY can let it after April 2018, get in touch with Talk Green to find out what your options are.

Address: Williams Lane, Fernwood, Newark, NG24 3FN
Asking Price: £95,000
Property Type: 2 Bed Ground Floor Apartment
Ground Rent: not disclosed
Service Charge: not disclosed
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.25%
Comments: Popular Fernwood location that works for families and couples, particularly for the school and A1/A46 access, although i do think this is better suited to a professional couple due to size and wear and tear. The last 1st floor flat sold round the corner on Ainsdale Close in June for £72,000 with a very similar layout, allocated parking and slightly nicer decor so why this is £95k is beyond me.

Address: 4 Guildhall Street, Newark, NG24 1UH
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky cottage style terrace in Newark Town Centre, ideal for tenants using public transport with the bus and train stations just short walks from the property. Very difficult to compare the price as it’s so unusual, the lack of parking will put prospective tenants off and the style is very marmitey but you can’t please everyone regardless of what you buy!

Address: 124 Bowbridge Road, Newark, NG24 4DQ
Asking Price: £110,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Simple family home close to Holy Trinity School and the sports centre with the bonus of off street parking, it’s a bit of a vanilla property but it’s fine and you wouldn’t have to do a lot to it; i’d check whether that’s a furniture mark or damage to the living room carpet and consider losing the green in the bedroom. The price seems fair although it doesn’t have an EPC yet, you’ll need make sure it’s an ‘E’ or above unless you’re willing to spend the money to get it there.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bedroom Ground Floor Flat
Ground Rent: £101 paid every 6 months
Service Charge: £986.27 per annum
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.51% (inc SC and GR)
Comments: Great modern flat close to the A1/A46, town centre and KnowHow making this perfect for most professionals and a first time investor; the lack of magnolia, modern finishes and parking for both tenants and guests ticks additional boxes too. The last sale was back in 2014 but looking at the one above for £95,000 with a similar selling in Fernwood in June for £72,000, that should give you a rough idea, which would you prefer?

Address: 57 Jubilee Street, Newark, Nottinghamshire, NG24 4DA
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace (previously sold as a 3 Bed?!)
Estate Agent: Haart
Condition: Light Redecoration Required
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Lovely looking terrace close to town centre, the vendor purchased the property in Dec for £99,000 and since then they’ve had the living room beams covered and skimmed, decorated the bedrooms and living room along with new carpets and potentially skimmed the bedrooms; the bathroom and kitchen haven’t changed aside from the lack of paint on the back wall and there’s no photos of the dining room, i wonder if it still has a wood panelled ceiling and stone fire surround? Is the £26,000 increase worth 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 £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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