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 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: The Ivies, Newark, Nottinghamshire
Type: 2 Bed Semi-Detached
Asking Price: £135,000
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.33
Comments: Rare opportunity for stunning 2 bed home with double rooms and lovely kitchen in a desirable area of Farndon, ideal for a commuting professional couple with the A46 close by; perfect ready to rent first time investment.

Address: 37 Emmendingen Avenue, Newark, NG24 2FX
Type: 4 Bed End of Terrace
Asking Price: £145,950
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £645-695pcm
Yield: 5.71
Comments: Last sold in 2012 for £112,000 in the exact same condition, although it’s more like a 3 bed and box room, the size and decor still makes it appealing to families and it’s ideally located between the A1/A46 and the town centre.

Address: Hazel Grove, Balderton, NG24 3BQ
Type: 2 Bed Semi-Detached
Asking Price: £125,000
Estate Agent: Jon Brambles
Condition: Some Modernisation Required
Rent Range: £550-600pcm (once renovated)
Yield: 5.76%
Comments: Located in the popular lakeside development, one for an investor that fancies a fixer upper, the cupboard doors need changing in the kitchen, the awful fitted wardrobes have to go and who knows what surprise lies in the bathroom!

Buttercross Best Buy
Address: 39 Apple Tree Close, Newark, NG24 2FA
Type: 2 Bed Second Floor Apartment
Asking Price: £87,000
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 7.24
Comments: A perfect first time investment, great yield, minimal maintenance and a reasonable asking price. Ideal for tenants working on the industrial estate, town centre and KnowHow with added bonus of allocated parking for those who commute.

Address: Grove Street, Balderton, Newark, NG24 3AS
Type: 3 Bed Mid-Terrace
Asking Price: £125,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.25%
Comments: Good for schools and the A1 although the lack of parking may put tenants off; the last two 3 bedroom houses on Grove St sold for £110,000 and £112,000 in the same condition, why is this £125,000?

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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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: 35 Strawberry Hill Lane, Newark, NG24 2EP
Type: 2 Bedroom detached
Asking Price: £140,000
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £500-550pcm
Yield: 4.71%
Comments: The addition of a large conservatory means the property has a reasonable amount of living space for a 2 bed house, ideal for a small family or couple. The bathroom could do with an update and the over bed storage isn’t ideal but it’s functional however the neighbouring property, number 37, sold in August for £138,000 with a bigger garden but less living space.

Address: 32 Edward Avenue, Newark, NG24 4UZ
Type: 2 Bedroom mid terrace
Asking Price: £125,000
Estate Agent: Newton Fallowell
Condition: Ready to rent (possibly!)
Rent Range: £500-550pcm
Yield: 5.28%
Comments: This property is in great town centre location with off road parking and a garage however with no photos of the bathroom or the kitchen i would question what they are trying to hide, not to mention the addition of storage heaters throughout, i would consider whether it’s priced correctly.

Address: 39 Parliament Street, Newark, NG24 4UP
Type: 2 Bedroom end terrace
Asking Price: £113,000
Estate Agent:Now Homes
Condition: Some modernisation required
Rent Range: £450-500
Yield: 5.31%
Comments: It could do with a kitchen and bathroom update but it’s in a good central location, the last terrace property sold on the street was number 35 in 2013 for £87,000 so it’s your decision if you think the price is right!

We’ve hit that time of year where the property market goes quiet as people don’t want to sell or buy houses around Christmas but don’t let this put you off; make the most of the opportunity and take a look back at some of the properties that have been on the market for a while and put in a cheeky offer to grab a bargain.

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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