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: 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 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.

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: Heron Way, Balderton, NG24 3DD
Asking Price: £150,000
Property Type: 3 Bed semi detached
Estate Agent: Jon Brambles
Condition: Some updating required
Rent Range: £575-625pcm
Yield: 5%
Comments: Lovely property in a great location with those magic 3 bedrooms, it would make a fantastic rental property with it’s low council tax banding and EPC ‘B’ making it cheap to run and appealing for tenants to run. Sadly the price is just too high for it to get a half decent yield, and that’s before you’ve updated the bedrooms and decorated the kitchen as the wallpaper isn’t overly easy on the eyes.

Address: The Tankard Building, Warwick Brewery, Newark, NG24 1TX
Asking Price: £140,000
Property Type: 2 Bedroom first floor apartment
Estate Agent: Newton Fallowell
Ground Rent: £100pa
Maintenance Charges: £1,131.74pa
Condition: Spotless although EPC too low – work required
Rent Range: £645-695pcm
Yield: 5.9%
Comments: Great character property with modern finishes, Warwick Brewery is an extremely popular development down to it’s location, finish and parking which is why you can charge nearly £700pcm for a 2 bedroom apartment. Sadly this apartment’s EPC rating is ‘F’ which could explain why the vendor is selling it as it was a rental property and as of April 2018, you won’t be able to start a new tenancy.

Address: 153 BarnbyGate, Newark, NG24 1RJ
Asking Price: £129,950
Property Type: 2 Bedroom Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Such a quirky little property just a short walk to town and Barnby Road Academy, perfect for a couple or small family that love a bit of character and fancy something a bit different. The EPC is pending so be sure to find out whether any work is required to get it up to date for April.

Address: George Street, Newark, NG24 1LU
Asking Price: £125,000
Property Type: 2 Bedroom end of terrace
Estate Agent: William H Brown
Condition: Light redecoration
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Ideally located between town centre and North Gate station, within in 1/4 mile of the property in the last 6 months, 3 terraces of a similar style sold for £100k, £110k and £116k (3 bed) so this could be a little high but it’s your call. Property itself is pretty well presented, the busy wallpaper in the kitchen matched with the colourful tiles may be a bit much for some and the dark wood doors can be cheaply replaced.

Address: 8 Bridge Cottages, Newark, NG24 2ND
Asking Price: £112,500
Property Type: 2 Bedroom mid terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.33%
Comments: Perfect budget friendly property in close proximity to Barnby Road Academy, ideal for a young family. There is plenty you could do this property to make it a £600pcm investment but there is the option to keep it as it is if you don’t want to spend money straight away; just hang on until the EPC comes through as you may be spending more than you expected!

Buttercross Best Buy
Address: Newnham Rd, Newark NG24 1HY
Guide Price: £35,000
Property Type: 3 Bedroom end of terrace
Estate Agent: SDL Auctions
Condition: Complete renovation required.
Rent Range: £525-575pcm (once renovated)
Yield: 10.61% (based on £30k spend)
Comments: Fantastic opportunity but not for the faint of heart! Perfect for an investor or first time buyer that doesn’t mind getting their hands dirty, quite a busy and tight street but it’s very close to the town centre, industrial estate and great access to the A1/A46. So will you be heading to the auction house?

Address: Chain Lane, Newark, NG24 1AU
Guide Price: £129,500
Property Type: 2 Bedroom second floor apartment
Estate Agent: Gascoines
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: An unusual opportunity for a generous two bedroom apartment smack bang in the middle of town, ideal mid week home for a commuter. There’s a contemporary but smaller apartment currently on the market for £575pcm above Natwest Bank, this property has oodles of space and is still modern but more of a cosy finish thanks to the beams and colour scheme.

Address: 7 Century Street, Newark, NG24 1QP
Guide Price: £115,000
Property Type: 2 Bed mid terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Immaculately presented home that is sure to please a lot of tenants, purchase in January for £90k, this property has been completely renovated from top to bottom aside from the kitchen units and tops and is unrecognisable in comparison. Only downside is that it’s an adopted road so the council won’t be maintaining it but if you can look past that it’s a great first time investment.

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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