EYES ON….THIS WEEK INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24, i’ve gone up to a value of £160,000 this time for some more selection, there were so many reductions that i hadn’t got much to show you!

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

Address: 16 Lawrence Street, Newark, NG24 1NE
Asking Price: £160,000
Property Type: 3 Bed Semi-detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.06%
Comments: Purchased in March 2017 for £105,550 in a right mess, this property has undergone some major refurbishment and the finished product is fantastic, love that they removed the partition wall to make a desirable open plan kitchen/diner.

Address: The Tankard Building, Warwick Brewery, Newark, NG24 1TX
Asking Price: £160,000
Property Type: 2 Bed First Floor Duplex Apartment
Ground Rent: £100 PA
Service Charge: £1370.69 PA
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.02% (inc GR and SC)
Comments: Fabulous apartment locate in a desirable development, brilliant first time buy as no work is required however NOTHING in this block has sold for more than £140,000 so as lovely as this is, i’m not sure why it’s so much.

Address: 7 Greenway, Newark, Nottinghamshire NG24 4JE
Asking Price: £155,000
Property Type: 3 Bed Semi-detached
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 4.84%
Comments: Another property that’s had some money spent on it, a large family room extension and loft conversion makes for a great family home; the extension makes it difficult to value but a 4 bed sold Dec 2016 for £142,500.

Address: Fairfax Avenue, Newark, NG24 4PQ
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Located just a couple of streets away from Greenway, this property is equally well presented but doesn’t have as much space although it does have a man cave, any takers?

Address: 18 Wilfred Avenue, Balderton, Newark, NG24 3DS
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Ideal family home, looks great throughout although number 5 sold in August 2017 for £129,950 with a slightly higher finish and new carpets so i’d either negotiate or look at the larger property above.

Buttercross Best Buy
Address: The Cavalier Building, Warwick Brewery, Newark, NG24 1TL
Asking Price: £137,500
Property Type: 2 Bed First Floor Duplex Apartment
Estate Agent: Newton Fallowell
Ground Rent: £100 PA
Serivce Charge: £760.13
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.64% (inc GR and SC)
Comments: Another apartment at Warwick Brewery, the initial outlay and running costs are lower with this one so ideal if you liked the look of the first one but can’t quite stretch that far.

Address: 159 Grove Street, New Balderton, NG24 3AS
Asking Price: £100,000
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Edlin and Jarvis
Ground Rent AND Service Charge: £600 PA
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.67% (inc GR and SC)
Comments: Well presented and budget friendly property previously purchased October 2016 for £76,000 in a very different condition, the vendors have brought this property right up to date and ready for your next tenant.

Address: Pond Close, Fernwood, Newark, NG24 3RU
Asking Price: £90,000
Property Type: 1 Bed First Floor Apartment
Service Charge: £277.68 PA
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 5.65%
Comments: Bought new in 2007 for £92,995, there haven’t been any 1 bed flat sales within 1/2 mile of the area in several years but the last 2 bed sold for £95,000 on the next street without a garage but it’s much bigger.

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 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: 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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