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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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: Mill Gate Apartments, 11 Mill Gate, Newark NG24 4TR
Type: 2 Bed second floor apartment
Asking Price: £150,000
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.6%
Comments: Mill Gate apartments were built/renovated less than 1 year ago to a very good standard so no cosmetic work is required, it’s in a great town centre location and close to Newark Castle Station with views of the river, perfect for a professional couple.

Address: 3 Read Close, Fernwood, Newark, NG24 3FY
Type: 3 Bed mid-terrace
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.17%
Comments: Well presented home ideal for families and couples a like situated in the popular Fernwood establishment, number 1 sold in July for £130,000 without a conservatory in the same condition, what’s there to argue with?!

Address: 6 Simpson Way, Balderton, Newark, NG24 3RD
Type: 3 Bed end of terrace
Asking Price: £135,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.33%
Comments: This private end terrace is tucked away in the older part of Balderton just a short distance from the A1 and several schools; as next door sold for £121,000 without a conservatory in June, it just needs a Gas Safety Cert to make it tenant ready.

Buttercross Best Buy
Address: 6a Wellington Road, Newark, NG24 1NJ
Type: 1 Bed first floor apartment
Asking Price: £78,500
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £350-400pcm
Yield: 6.11%
Comments: Just a short distance from town centre with permit parking, this little flat is ideal for a professional individual as the neutral decor and modern kitchen make it attractive and it means little to no work would be required for you, it’s hard to argue with that yield!

Address: 1 Sydney Street, Newark, NG24 1LX
Type: 2 Bed end of terrace
Asking Price: £110,000
Estate Agent: Haart
Condition: Some renovation required
Rent Range: £450-500pcm
Yield: 5.45%
Comments: Perfect spot for North Gate Station and town centre, the aging green tiles in the kitchen could do with coming down or painting white and matching doors would help, sadly the bedrooms didn’t get the memo about photo day so they’ve been left out!

Address: 1a Everest Court, Balderton, Newark, NG24 3PZ
Type: 2 Bed end of terrace bungalow
Asking Price: £116,950
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Modern bungalow with a conservatory extension in Balderton close to local amenities and a regular bus service making it ideal for an older couple, the green bedroom carpet is the only real eyesore but the lovely kitchen makes up for it!

Address: 31 Sleaford Road, Newark, NG24 1NF
Type: 3 Bed mid-terrace
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Good location for town centre and train stations making it great for families and commuters although the lack of parking could make it less desirable. The last two 3 beds sold last year for £108,500 and £110,000 in similar condition to this one, it may be worth an offer?

Address: 91 Hawton Lane, New Balderton, Newark, NG24 3EH
Type: 3 Bed mid-terrace
Asking Price: £125,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Spacious and recently refurbished, this 3 bed is close to several schools and has enough space 4 for cars making it a good choice for families. Just a short walk to lake, these properties don’t appear often, grab it if you want it.

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: 164 Barnbygate, Newark, NG24 1RQ
Type: 2 Bed mid-terrace
Asking Price: £109,950
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.46%
Comments: Fantastic spot for Barnbygate school with no additional work required, appealing kitchen/diner with a breakfast bar and a modern bathroom suite, you just need a tenant!

Address: 16 Shelley Close, Balderton, Newark, NG24 3LS
Type: 3 Bed bungalow
Asking Price: £139,950
Estate Agent: Kirkland and Lane
Condition: Complete update required
Rent Range: £600-650pcm (after update)
Yield: 5.57%
Comments: Bags of potential and it’s in a great area but that price is a bit cheeky! The last 3 bed sold in Sept 2015 for £125,000 in the same condition…

Address: 1 Woodcock Terrace, Fernwood, Newark, NG24 3UW
Type: 3 Bed end-of-terrace
Asking Price: £129,950
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.0%
Comments: Bright and modern living in the popular Fernwood establishment, with a great school, two parking spaces and the A1 nearby, this lovely property ticks all the boxes for a lot of people.

Address: 39 Whitfield Street, Newark, NG24 1QX
Type: 2 Bed mid-terrace
Asking Price: £127,500
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.18%
Comments: Not what i expected! Pleasantly decorated throughout with the added bonus of a bright loft room and 2 further cellar rooms, perfect for a growing family, especially with Barnbygate School just around the corner.

Address: 17 Meldrum Crescent, Newark, NG24 4NZ
Type: 3 Bed semi-detached
Asking Price: £105,000
Estate Agent: William H Brown
Condition: Some modernisation required
Rent Range: £500-550pcm
Yield: 6.29%
Comments: A lick of paint wouldn’t go amiss along with an update in the kitchen, it’s a short distance from Holy Trinity Primary School making it ideal for families and the last 3 bed sold for £113,000 in Sept 2015, sounds fair to me!

Address: Dobson’s Quay, The Wharf, Newark, NG24 1EU
Type: 1 Bed Apartment
Asking Price: £100,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.7%
Comments: Right in town centre and ready to go, 1 bed apartments haven’t been on the market since 2006 however the last 2 bed sold for £96,000 in similar condition, is this priced correctly?

Address: 23 Albert Street, Newark, NG24 4BJ
Type: 1 Bed mid-terrace
Asking Price: £90,000
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 6%
Comments: Charming character terrace with a refurbished kitchen, perfect for a professional couple or individual, not to mention it’s close to the town centre and the Newark Castle train station, where do i sign?!

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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