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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EYES ON….The Investment Property of The Week in Newark!!

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

Address: 20 Shakespeare Street, Balderton, Newark, NG24 3AN
Type: 3 Bed Semi Detached House
Asking Price: £139,950
Estate Agent: Winkworth
Condition: Requires renovation
Rent Range: £625-675pcm (once completed)
Yield: 5.8%

Brilliant property in a great location with so much potential, perfect as a buy to let or first time buy as long as you don’t mind getting your hands dirty! Tenants love a spacious house in the right location but they don’t like old and outdated so bare that in mind, good tenants rent good houses.

Wondering where to start? Well, the kitchen and bathroom are a MUST, the carpeted bath panel and tiles from yesteryear may have been of their time but they certainly aren’t now, a simple white suite with fab floor tiles and neutral walls will attract tenants or potential buyers if you’re wanting a fix and sell; if you have the budget, floor to ceiling tiles and a good quality shower will add the wow factor. As for the kitchen, i’m not sure they thought the layout through when they first built it, the pantry/utility is a great bonus but next to no worktops will certainly put families off, where are you meant to put anything?! Decoration aside, if the radiator was moved or even removed entirely, units and a worktop could be installed adding much needed storage and space. As for the rest of the house, the bedrooms are bearable in magnolia and could be left alone, the only other room that really needs updating is the lounge, get rid of the pink carpet and green walls and go for a simple mocha shaded carpet and neutral walls but ideally NOT magnolia!

The last property on Shakespeare Street sold in Feb 2017 for £134,450 with an appealing modern interior, high gloss kitchen and plenty of off street parking along with a well presented rear garden and just 2 bedrooms. We let a 3 bedroom semi-detached property on Shakespeare Street earlier this year for £650pcm, it was in a similar condition to this property initial but after hours of effort from the landlord, it was let with a fabulous high gloss kitchen, stunning bathroom and neutral carpets and decor throughout.

This will be a fantastic investment to get stuck into, at around £15,000 to get the property to a high standard, it’s going to take time to make it back but £675pcm will help you get there in no time! We had a lot of interest in the last property and we actually let it mid refurb, the right tenant will see the potential and jump at the opportunity to live in a high end family home. Let us know how you get on!

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:34 Elizabeth Road, Newark, NG24 4NP
Type: 3 Bedroom end terraced
Asking Price: £115,000
Estate Agent: Richard Watkinson
Condition: Needs renovating
Rent Range: £550-575 pcm (after refurbishment)
Yield: 6%
Comments: This needs a lot of work doing to it, not to mention i think it’s way over priced considering number 104 sold just 18 months ago for £95,000 in the exact same condition!!

Address: 4 Top Row, Newark, NG24 2JD
Type: 3 Bedroom mid terrace
Asking Price: £114,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: It has nice character features with the brick chimney breasts and log burners but there’s no photos of the bedrooms or bathroom which is a little odd, although it could be a pleasant surprise!

Address: 24 Robert Dukeson Avenue, Newark, NG24 2FF
Type: 2 Bedroom end terrace
Asking Price: £115,000
Estate Agent: Haart
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: The house is ready to go, the kitchen could do with an update but it’s not essential, it’s in a great spot for schools and commuters so it would suit a range of tenants.

Address: 53 Wolfit Avenue, Balderton, Newark, NG24 3PQ
Type: 3 Bedroom semi-detached
Asking Price: £137,500
Estate Agent: CPG
Condition: Some modernisation required
Rent Range: £550-575 pcm
Yield: 5.02%
Comments: The rooms are a good size but the aging tiles in the bathroom and kitchen let it down, replace those or even just update them with some tile paint and you could see an extra £50pcm.

Address: 9 Byron Close, Newark, NG24 4DX
Type: 3 Bedroom mid terrace
Asking Price: £129,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 5.81%
Comments: Fantastic garden and plenty of off street parking, the property has been given plenty of colour in every room, the lime green bathroom is certainly memorable!

Address:19 Vernon Avenue, Newark, NG24 1PG
Type: 2 Bedroom semi-detached
Asking Price: £126,950
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.19%
Comments: This would be ideal for a professional couple or a small family to move straight in to, it has a garage, parking and neutral decor throughout with a great breakfast kitchen.

Address: 6 Stafford Avenue, New Balderton, Newark, NG24 3DP
Type: 3 Bedroom end terrace
Asking Price: £125,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £550-600 pcm
Yield: 5.76%
Comments: A perfect family home, large enclosed rear garden with a bright kitchen and a good sized living room. You wouldn’t need to do anything to this property, just get a tenant in!

Address: 28 Charles Street, Newark, NG24 1RL
Type: 2 Bedroom mid terrace
Asking Price: £122,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.14%
Comments: The property is in a good location for the academy and isn’t too far from the town centre, it has a bright modern bathroom with a separate corner shower and extra living space in the cellar.

Address: 23 Rutland Avenue, Newark, NG24 4DL
Type: 2 Bedroom semi detached
Asking Price: £110,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.72%
Comments: This house is ready to rent however with a new kitchen and updated fire there is the potential for it let for £560pcm as another property has on the same street.

Buttercross Best Buy
Address: 30 Pierson Street, Newark, NG24 4JG
Type: 3 Bedroom end terrace
Asking Price: £99,950
Estate Agent: Martin and Co
Condition: Some modernisation required
Rent Range: £475-500 pcm
Yield: 6.0%
Comments: On average properties on the street sell for £117,000 and rent for £550pcm, there is potential to achieve this figure if the bedrooms are updated and a fresh coat of paint is put on the 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: 33 Beech Avenue, Newark, NG24 4DY
Type: 3 Bedroom semi detached house
Asking Price: £127,500
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 5.88%
Comments: Lovely property throughout, the unique industrial style kitchen gives it a real modern yet homey feel.

Address: 6 Edward Avenue, Newark, NG24 4UZ
Type: 3 Bedroom mid terraced house
Asking Price: £124,950
Estate Agent: Winkworth
Condition: requires some modernisation
Rent Range: £500-550 pcm
Yield: 5.28%
Comments: All the rooms are really good sizes but they could do with a lick of paint and the kitchen could do with an update.

Address: 57 Grove Street, Newark, NG24 3AR
Type: 2 Bedroom mid terraced house
Asking Price: £122,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.39%
Comments: Looks like a great home that’s been finished to a high standard, it’s just a shame the road is so busy you may struggle to park on it.

Address: 10 New Street, Newark, NG24 1QT
Type: 3 Bedroom semi detached house
Asking Price: £109,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.78%
Comments: It’s in a good town centre location with a good sized modern dining kitchen, the whole house could do with a splash of colour.

Buttercross Best Buy
Address: 11 Vernon Street, Newark, NG24 1PW
Type: 2 Bedroom terraced house
Asking Price: £117,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.36%
Comments: This property has the potential to make even more if it has an update throughout, a high standard property on the street let 18 days ago for £575pcm.

Address: The Courtyard, Newark, NG24 4FF
Type: 2 Bedroom second floor apartment
Asking Price: £110,000
Estate Agent: Martin Co
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.73%
Comments: The property is in a good central location, a new kitchen would make a big difference.

Address: 44 Beacon Hill Road, Newark, NG24 1NU
Type: 2 Bedroom end terraced house
Asking Price: £105,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 6%
Comments: Bright character property within short walking distance of Newark North Gate, i’m not sure how i feel about the green lounge.

Address: The Cavalier, Warwick Brewery, Newark, NG24 1TL
Type: 1 Bedroom duplex apartment
Asking Price: £97,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 6.46%
Comments: This spacious 1 bedroom apartment is split over 2 floors with a modern kitchen, near the station so great for commuters.

Address: 27 Williams Lane, Fernwood, Newark, NG24 3FN
Type: 2 Bedroom second floor apartment
Asking Price: £92,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £450-475 pcm
Yield: 6.16%
Comments: This apartment is located in the ever popular Fernwood development but there is a distinct lack of space.

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: 18 Chestnut Avenue, Newark, NG24 2BZ
Type: 3 Bed semi detached house
Asking Price: £150,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £625-675 pcm
Yield: 5.40%
Comments: This house has had a double storey extension to create a larger kitchen and bigger bedrooms upstairs.

Address: 22 Gainsborough Drive, Newark, NG24 2BX
Type: 3 Bed semi detached house
Asking Price: £135,000
Estate Agent: Haart
Condition: Ready to rent
Rent Range: £650-700 pcm
Yield: 6.22%
Comments: Not often a rental property comes to the market with a hot tub, great USP. They love their bold decor.

Address: 99 London Road, Balderton, NG24 3AA
Type: 2 Bed mid terraced house
Asking Price: £113,000
Estate Agent: Newton Fallowell
Condition: Some work to do.
Rent Range: £500-550 pcm
Yield: 5.84%
Comments: Looks like an illegal socket behind the hob. Utility area looks like it could do with a facelift as does the bathroom.

Address: 52 Stephen Road, Newark, NG24 2BG
Type: 3 Bed terraced house
Asking Price: £114,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 6.52%
Comments: Looks pretty good but no photo of the bathroom which is usually a sign. Great location for workers at Knowhow. Feels like it should be circa £100,000.

Address: 29 Eton Avenue, Newark, NG24 4JD
Type: 2 Bed end terraced house
Asking Price: £107,000
Estate Agent: Now Homes
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 6.17%
Comments: Bought for £85,000 3 years ago but it’s clear they’ve spent some money on it. Great condition.

Address: 9 Wetsyke Lane, Balderton, NG24 3NY
Type: 3 Bed semi detached house
Asking Price: £144,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £625-675 pcm
Yield: 5.59%
Comments: Not sure on the kitchen. Don’t know if it’s the tiles that are offending me. Property has been extended and Balderton is very popular with families.

Address: 142 Grange Road, Newark, NG24 4PW
Type: 3 Bed semi detached house
Asking Price: £129,950
Estate Agent: Martin & Co
Condition: Requires modernising
Rent Range: £550-600 pcm (after refurbishment)
Yield: 5.54%
Comments: Kitchen looks modern and these houses are built well but I assume everything else is required. Two toilets but no bath?! Way overpriced.

Buttercross Best Buy
Address: 18 Clayton Close, Newark, NG24 4HN
Type: 2 Bed semi detached bungalow
Asking Price: £142,500
Estate Agent: Jon Brambles
Condition: Needs modernising
Rent Range: £575-625 pcm
Yield: 5.26%
Comments: Needs a lot of work but tucked away down the end of the cul-de-sac. Number 12 sold a few years back for £126,000 in a similar condition.

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: 190 Barnby Gate, Newark, NG24 1RH
Type: 3 bed terraced house
Asking Price: £112,500
Estate Agent: Winkworth
Condition: Needs modernising
Rent Range: £525-575 pcm
Yield: 6.13%
Comments: Possibly the most random combination of decoration and carpeting I have seen. Barnby Gate is a busy street. Bought for £60,000 in 2003 and probably hasn’t been touched since.

Address: 4 Sam Derry Close, Newark, NG24 1FY
Type: End terraced house
Asking Price: £130,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £550-600 pcm
Yield: 5.54%
Comments: Looks like the developer is selling these off one by one. Next door (Number 3) sold for £116,000 so they will consider an offer. Boring fact alert, Google has decided that the street is Sam Berry Close. I’m sure Col Derry would not be too happy.

Address: 303 The Roundhead, Warwick Brewery, Newark, NG24 1TX
Type: 2 Bed apartment
Asking Price: £132,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £525-575 pcm
Yield: 5.21%
Comments: Love these apartments as they are finished well but not a fan of the high service charge and the quantity that are rented.

Address: 60 Appleton Gate, Newark, NG24 1LR
Type: 2 Bed terraced house
Asking Price: £119,950
Estate Agent: CPG Property
Condition: Ready to rent
Rent Range: £525-575 pcm
Yield: 5.75%
Comments: Nice house in a good location. Last sold for £95,000 in 2005. Looks a little small but don’t think the photos do it justice.

Buttercross Best Buy
Address: 33 Beacon Hill Road, Newark, NG24 2JH
Type: 3 Bed detached bungalow
Asking Price: £150,000
Estate Agent: Newton Fallowell
Condition: Needs modernisation
Rent Range: £850-900 pcm
Yield: 7.20%
Comments: Looks like an ideal property to flip. Those regular readers will know I love a good (bad) bungalow. This won’t be on the market long.

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.

A quick reference guide to what is on offer, for how much and what you can expect as an investor.

Address: 27 Nicholson Street, Newark, NG24 1RD
Type: 3 Bed Town House
Asking Price: £139,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £675-725 pcm
Yield: 6.21%
Comments: Lots of accommodation on offer here. Converted attic, converted garage plus a conservatory. No garden though.

Address: 10 Meyrick Road, Newark, NG24 1HH
Type: 3 Bed mid terraced house
Asking Price: £110,000
Estate Agent: CPG Property
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.72%
Comments: Bought for £89,950 ten years ago. Tight streets around there and looks a fairly small house.

Address: 12 Pond Close, Fernwood, NG24 3RU
Type: 3 Bed town house
Asking Price: £145,000
Estate Agent: Sure Sales & Lettings
Condition: Ready to rent
Rent Range: £550 pcm
Yield: 4.55%
Comments: Already tenanted. Tucked away in the corner of this cul-de-sac. As with all properties on Fernwood, make sure you enquire about whether it is freehold and if there are any service charges.

Address: 34 Catkin Way, New Balderton, NG24 3DT
Type: 3 Bed semi detached house
Asking Price: £147,500
Estate Agent: Jon Brambles
Condition: Ready to rent (I assume, given it’s currently tenanted)
Rent Range: £550-600 pcm
Yield: 4.88%
Comments: Another landlord selling up. Do they know something we don’t?! Bought for £125,000 in 2004.

Buttercross Best Buy
Address: 39 Victoria Street, Newark, NG24 4UU
Type: 5 Bed mid terrace
Asking Price: £120,000
Estate Agent: SDL Graham Penny
Condition: Ready to topple
Rent Range: £900-1,000 pcm
Yield: 10% (Not allowing for the cost of renovation)
Comments: Third time this one is going under the hammer. Huge crack from floor to ceiling down the right hand side showing daylight. Be careful and take advice from a structural engineer. Still think its overpriced.

Address: 12 Acorn Close, New Balderton, NG24 3AX
Type: 2 Bed mid terrace
Asking Price: £121,950
Estate Agent: CPG Property
Condition: Ready to rent
Rent Range: £525-575 pcm
Yield: 5.66%
Comments: Overpriced. Bought at the peak and they’re probably trying to recover what they’ve spent on it. Next door sold for £90,000 just 3 years ago. Nice kitchen.

Address: 10 Pinfold Lane, Balderton, NG24 3LP
Type: 3 Bed semi detached house
Asking Price: £110,000
Estate Agent: Haart
Condition: Ready to renovate
Rent Range: £575-625 pcm
Yield: 6.81% (Not allowing for the cost of renovation)
Comments: Third bedroom is off the second bedroom. Who on earth OK’d this design. Needs a full refurbishment. Optimistic 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 £160,000. With a slow down in new properties coming to the market we have seen more properties reduced than come onto the market so we’ve upped the value to £160,000.

A quick reference guide to what is on offer, for how much and what you can expect as an investor.

Address: Hill Vue Gardens, Newark, NG24 1PH
Type: 3 Bedroom Detached Bungalow
Asking Price: £160,000
Estate Agent: Tanners
Condition: Needs a full refurbishment
Rent Range: £700-750 pcm
Yield: 5.63%
Comments: Outrageous price given number 21 sold for £132,000 in the same condition a couple of years back. An example of an estate agent “buying” the business.

Buttercross Best Buy
Address: 26 Hawton Lane, Newark, NG24 4QB
Type: 2 Bedroom Detached Bungalow
Asking Price: £160,000
Estate Agent: Jon Brambles
Condition: Needs a full refurbishment
Rent Range: £725-775 pcm
Yield: 5.81%
Comments: Glad to see this on the market as one of Newark’s long term empty properties. Better location than the one above and more potential for a flip (at the right price).

Address: 1 The Malthouse, Newark, NG24 1LA
Type: 2 Bedroom Duplex Apartment
Asking Price: £145,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £650-700 pcm
Yield: 5.79%
Comments: Excellent use of lighting and a fantastic bathroom. Popular location for professionals.

Address: 15 Heron Way, Balderton, NG24 3DD
Type: 2 Bedroom Semi Detached House
Asking Price: £135,000
Estate Agent: Now Homes
Condition: Ready to rent
Rent Range: £600-650 pcm
Yield: 5.78%
Comments: Might need a new bathroom suite given there is no photo. Semi detached houses are always popular in Balderton. Keep in mind that it was bought for £101,000 in 2013.

Address: 38 Pelham Street, Newark, NG24 4XD
Type: 2 Bedroom Mid Terraced House
Asking Price: £115,950
Estate Agent: Sell It
Condition: Standard
Rent Range: £475-525 pcm
Yield: 5.43%
Comments: Looks fairly well looked after. Having a garage at the rear is a plus. Last registered sale was £96,000 in 2004.

Address: Witham Close, Newark, NG24 2HD
Type: 2 Bedroom Detached House
Asking Price: £140,000
Estate Agent: Jon Brambles
Condition: A little dated
Rent Range: £625-675 pcm
Yield: 5.79%
Comments: Bright and tidy house. Could probably do with a new kitchen to achieve a higher rent. Not a brilliant location.

Address: The Ivies, Farndon Road, Newark, NG24 4SR
Type: 3 Bedroom Terraced House
Asking Price: £160,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £700-750 pcm
Yield: 5.62%
Comments: Love the kitchen and bathroom. The bath reminds me of half a Babybell. Guessing that the cameraman was wonky rather than the lounge.

Address: Broome Close, Balderton, NG24 3DE
Type: 3 Bedroom Detached House
Asking Price: £159,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £725-775 pcm
Yield: 5.81%
Comments: Huge garden and looks pretty low maintenance. Inside looks neutral and ready to rent. Spot the boggley-eyed donkey.

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

A quick reference guide to what is on offer, for how much and what you can expect as an investor.

Address: Apple Tree Close, Newark
Type: 2 Bedroom Ground Floor Apartment
Asking Price: £85,000
Estate Agent: Newton Fallowell
Condition: Modern
Rent Range: £450-475 pcm
Yield: 6.71%
Comments: Ideal for table football fans.

Address: 2 Century Street, Newark, NG24 1QP
Type: 3 Bedroom Mid Terraced House
Asking Price: £94,950
Estate Agent: Richard Watkinson
Condition: Tired and needs some work.
Rent Range: £500-550 pcm
Yield: 6.95%
Comments: They’ve embraced the feature wall. 2 bathrooms are a bonus.

Address: Johnsons Road, Fernwood
Type: 2 Bedroom Second Floor Apartment
Asking Price: £108,995
Estate Agent: Martin & Co
Condition: Ready to rent
Rent Range: £475-500 pcm
Yield: 5.50%
Comments: 2 bed apartment for the price of a 2 bed townhouse.

Address: 15 Wetsyke Lane, Balderton, NG24 3NY
Type: 3 Bed Semi Detached House
Asking Price: £123,500
Estate Agent: JHW Home
Condition: Needs modernising
Rent Range: £650-700 pcm
Yield: 6.80%
Comments: 3 bed homes in Balderton are in short supply. Please change the fire surround.

Address: 27 Staunton Road, Newark, NG24
Type: 3 Bed Semi Detached House
Asking Price: £124,950
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 6.00%
Comments: Recently renovated with a lack of imagination. Needs some life. Typical rental standard.

Address: 9 The Gateway, Newark, NG24 1TZ
Type: 2 Bedroom Coach House
Asking Price: £125,000
Estate Agent: Kirkland & Lane
Condition: Ready to rent
Rent Range: £525-575 pcm
Yield: 5.52%
Comments: Quirky living spaces often appeal to tenants.

Address: 2 Jallands Row, Newark, NG24 1JU
Type: 2 Up, 2 Down Terraced House
Asking Price: £145,000
Estate Agent: Winkworth
Condition: Typical character property
Rent Range: £475-525 pcm
Yield: 4.34%
Comments: Great location for the town centre. Lovely green street.

Buttercross Best Buy
Address: 3 Lincoln Road, Newark, NG24 2BU
Type: 3 Bed Semi Detached House
Asking Price: £145,000
Estate Agent: Richard Watkinson
Condition: Polystyrene tiles on the wall, need I say more?
Rent Range: £750-800 pcm
Yield: 6.62%
Comments: Requires a complete refurbishment and depending on the purchase price, could make an excellent flip opportunity.

If you’ve seen a property in 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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Bungalow with potential in Newark On Trent

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Gainsborough Drive Newark

This 3 bed bungalow on Gainsborough Drive popped onto my radar a couple of weeks ago. The property is on the market with Newton Fallowell and although there has been an offer at full asking price, as its a corporate sale (repossession) so the agent can still show you round and put forward any offer to their client.

A few things stood out for me about this property…

  • There’s a good amount of room to the side and rear of the property meaning you could extend the footprint and add further rooms. (The place needs a lot of work anyway so you wouldn’t be ruining much.)
  • The bungalow is actually sat on a street full of houses so I’m sure that if you wanted to convert the loft there wouldn’t be much of a problem.
  • Location wise, you are just off Lincoln Road and less than a mile to the KnowHow distribution centre.

Added together, this seems to lend itself to a flip opportunity or House in Multiple Occupation (HMO). You could potentially create a 6 or 7 bed HMO that generates £31,080 in rent per annum (assuming £370 per room per month).

If you’re looking for higher yielding properties then come talk to us about potential investments around the area.

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