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: Lilac Cottage, 21 Balderton Lane, Coddington, Newark, NG24 2QD
Asking Price: £150,000
Property Type: 2 Bed Semi-detached Cottage
Estate Agent: Alasdair Morrison
Condition: Unknown
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Rent range is based on the property being in good condition throughout, the lack of photos makes things a little difficult! Coddington is a desirable area and character properties are often popular, only downside is the EPC rating at an E, it’s legal to rent but tenants don’t like paying over the odds on utilities.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £129,950
Property Type: 3 Bed Mid Terrace
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: A stones throw from Barnby Road Academy and close to town centre with a lovely kitchen, this house is well presented but a little expensive. The last 3 bed sold in August 2017 for £112,000 with an open kitchen/diner although agreeable the kitchen isn’t as nice!

Address: 36 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £125,000
Property Type: 2 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Low council tax band, reasonable epc rating and an affordable rental price, this property is ideal for a couple or small family and the investor doesn’t need to do any updating (at first glance anyway!). The last 2 bed was a mid terrace and sold for £115,000 in Feb this year however some rooms required new carpets or redecorating.

Buttercross Best Buy Ready to Rent
Address: 9 North Gate, Newark, NG24 1EX
Asking Price: £125,000
Property Type: 3 Bed End of Terrace
Estate Agent: Springbok Properties, Nationwide
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Very well presented property, especially the lovely kitchen/living room. These properties aren’t overly deep but they are tall with surprisingly spacious bedrooms, we manage number 11 next door which is in a similar condition for £600pcm; the only negative we found was the lack of parking everywhere but you can’t please everyone!

Buttercross Best Buy Fixer Upper
Address: 2 Belvoir Road, Balderton, Newark, NG24 3HQ
Asking Price: £120,000
Property Type: 3 Bed Semi-detached
Estate Agent: Newton Fallowell
Condition: Modernisation Required
Rent Range: £575-625pcm (once updated)
Yield: 5.88% (based on £7.5k spend)
Comments: Good one for those that want a fixer upper, this dated house with a fantastic garden needs new a kitchen and bathroom along with flooring and ideally redecorating; the magnolia could stay downstairs to reduce costs but the bedrooms could do with being a little more neutral. Barely anything sells on this street so it’s hard to judge the price?!

Address: 66 Cross Street, Newark, NG24 1NZ
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Purple Bricks
Condition: Would benefit from some modernisation
Rent Range: £450-500pcm
Yield: 5.22%
Comments: This property could be let as it is and expect the current rent range or money could be spent on changing the kitchen and little things like changing the dated gas fire, loosing the dark wood throughout and the floral paper and potentially get £500-525pcm.

Address: 113 Balderton Gate, Newark, NG24 1RY
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.96%
Comments: Well presented cosy little house close to town centre, these houses are small but perfectly formed! This one is ready to go and would be ideal for a singleton or couple but for something so small, i’m not sure it’s priced right?

So would pick a #FixerUpper or #ReadyToRent? 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.

As ever, here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor.

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

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

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

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

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

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

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

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

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

If you’ve seen a property in Newark or Nottinghamshire and would like a detailed report on it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

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EYES ON…THIS WEEKS INVESTMENTS IN NEWARK!!!

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

As ever, here’s a quick reference guide to what is on offer, for how much and what you can expect as an investor.

Address: 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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