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: Flat 5, 5 Church Walk, Newark, NG24 1JS
Type: 1 Bed First Floor Apartment
Asking Price: £97,500
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 6.15%
Comments: Tucked away above Starbucks Coffee is this perfect sized apartment for a single person or professional couple, it’s ready to go and is a fantastic spot for Newark Castle station and town centre. Opportunities like this one don’t come up very often so don’t wait too long if you’re interested!

Address: The Courtyard Castle Brewery, Newark, NG24 4FF
Type: 2 Bed Ground Floor Apartment
Asking Price: £99,950
Estate Agent: Martin and Co
Condition: Unknown – likely Ready to Rent
Rent Range: £500-550pcm
Yield: 6.6%
Comments: The Courtyard is new built section of Castle Brewery, as i can’t see the inside i’m going my rent range is a guesstimate, the asking price is about right for this block so it would suggest it’s fairly standard throughout. It’s in a sought after area with town centre so close by, with the added bonus of allocated secure parking it’s ideal for commuters and town workers alike.

Address: 11 The Crossings, Newark, NG24 1TY
Type: 2 Bed Ground Floor Apartment
Asking Price: £109,950
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £500-550
Yield: 6.0%
Comments: This lovely apartment with good access to the A1, town centre and industrial estate has allocated parking and modern finishes ideal for couples and singles alike. The asking price is about £10,000 too high, despite the modern interior which can be found in other apartments at The Crossings, the last one sold in August 2016 for £97,995.

Address: 42 Quibell Road, Newark, Nottinghamshire, NG24 4HB
Type: 4 Bed Semi-detached
Asking Price: £132,500
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £650-700
Yield: 6.34%
Comments: Tucked away in a close corner, this family home has been extended and modernized to a good standard ideal for any tenant to move in straight away. It’s very difficult to form a judgement on the price as it’s been years since an equivalent property has been sold, however the yield is pretty strong and the log burner makes a nice USP.

Address: 77 Philip Road, Newark, NG24 4LX
Type: 2 Bed First Floor Apartment
Asking Price: £79,950
Estate Agent: Newton Fallowell
Condition: Some modernization required
Rent Range: £400-450pcm
Yield: 6.75%
Comments: Nestled within the Hawtonville establishment, this 2 bed apartment is on for a great price with plenty of potential, despite the yield already being strong on this property, an updated bathroom suit, fire and living room carpet could take the rent up to £475. The last flat sold on RM was in 2011 for £59,950 so it’s quite a rare opportunity!

Address: 101 Wolsey Road, Newark, Nottinghamshire, NG24 2AZ
Type: 3 Bed Mid-terrace
Asking Price: £120,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 6%
Comments: Just a short distance from town, this family house has a generous garden, enough off street parking for 2 cars along and neutral decor throughout. The price is in line with others in the area, number 93 was sold in September 2016 for £119,995 so anything less than the asking price would be a bonus!

Address: The Brewhouse, Newark, NG24 4AF
Type: 2 Bed Apartment
Asking Price: £125,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 6%
Comments: This is perfect for those couples and single people who like character homes with modern finishes, for a 2 bed apartment the price is comparable, number 38 sold April 2016 for £124,000 and due to the refurb, it should be fairly low maintenance too.

Address: 21 Vernon Avenue, Newark, NG24 1PG
Type: 2 Bed Semi-detached
Asking Price: £125,000
Estate Agent: Winkworth
Condition: Some updating required
Rent Range: £525-575pcm
Yield: 5.52%
Comments: There isn’t a huge amount that needs doing to this house, the purple kitchen is certainly memorable along with the matching bathroom and the out of date gas fire could be replaced updated for a fresher look. Looking at other recent sales, the last 2 bed semi was number 22 which sold in 2014 for £94,000 so i think a cheeky offer would certinaly be worthwhile.

Buttercross Best Buy
Address: 47 Sleaford Road, Newark, NG24 1NF
Type: 2 Bed End-terrace
Asking Price: £127,500
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 6.12%
Comments: What a great house, it’s quite obvious that someone has taken a lot of time to make this house a home. Even though the last 2 bed terrace on the street sold for £114,950, this has been finished to a much higher standard and would require no cosmetic work. This is on a great street, a little busy but in a good area and it’s perfect for couples and families!

Address: 2 Marton Road, Newark, NG24 1SL
Type: 2 Bed Semi-detached
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £525-575pcm
Yield: 4.76%
Comments: This property has 2 double bedrooms with plenty of living space, very little work needs to be done however an updated kitchen and living room fire would potential raise the pcm. The last 2 bed on the street sold for £125,000 in 2011 and the 3 bed was also sold for £125,000 in 2014, honestly i’m not sure where the asking price came from but i’ll leave you to decide what you think!

Address: 70 William St, Newark NG24 1QS
Type: 4 Bed Mid-terrace
Asking Price: £149,950
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Ideal for sharers or families, this property was built in 2005 and has been used as a rental ever since. As there were only a handful of these built on the street, it’s hard to form judgement on the asking price but 4 bedrooms for less than £150,000 only competes with 2 other properties on Rightmove which are in Hawtonville. With the addition of a driveway, small courtyard garden and a short walk to town, it suits a lot of prospective tenants.

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.

Buttercross Best Buy
Address: 52 Jericho Road, Balderton, Newark, NG24 3GT
Type: 3 Bedroom semi detached
Asking Price: £140,999
Estate Agent: CPG Property Ltd
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 5.32%
Comments: The last semi detached property of this style on the street sold for £138,000 in 2014, it’s a popular area for families and couples as there’s schools and good connections to the A1. Little to no work would be required so it’s tenant ready, not to mention the desirable conservatory and garage, the question is whether or not to keep the peach kitchen?

Address: 24 Newstead Avenue, Newark, NG24 1ND
Type: 3 Bedroom semi detached
Asking Price: £120,000
Estate Agent: William H Brown
Condition: Ready to rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Properties don’t sell on this street often so it’s hard to judge the price but the decor is tasteful and the bright modern kitchen will attract a lot of prospective tenants so it’s ideal if you want to take on a low maintenance property.

Address: 31 Lawrence Street, Newark, NG24 1NE
Type: 2 Bed semi detached
Asking Price: £115,000
Estate Agent: William H Brown
Condition: Some renovation required
Rent Range: £475-525pcm
Yield: 5.48%
Comments: With two double bedrooms, spacious kitchen/diner and a substantial garden this property will tick the boxes for a lot of tenants. It could stretch to £550-575pcm if some money was spent updating the kitchen and bathroom along with a lick of paint throughout however it would still rent as it stands just at 5.4% instead of potentially 6% yield.

Address: 11 Long Row, Newark, NG24 1RW
Type: 2 Bed mid terrace
Asking Price: £81,500
Estate Agent: Winkworth
Condition: Some light renovation
Rent Range: £395-425pcm
Yield: 6.26%
Comments: This cosy property is within walking distance of Barnby School and has a desirable addition of off street parking. A utility room has been added to the rear of the property to create additional living space however the dated gas fire and bright red walls aren’t to everyone’s taste and who knows what the bathroom looks like!

Address: 9 Long Row, Newark, NG24 1RW
Type: 2 Bed mid terrace
Asking Price: £95,000
Estate Agent: William H Brown
Condition: Ready to rent
Rent Range: £395-425pcm
Yield: 5.37%
Comments: This property is the exact same layout as the one above except this one has a larger garden as it doesn’t have a utility on the back. It has neutral decor throughout and a low maintenance garden to the rear, it would be ideal for a couple or small family and they could move straight in but is it worth £13,500 more than number 11?

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: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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