EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Lovely sunny day today, yay! 20 properties this week on Rightmove however only 7 to talk about, crazy i know, as several were just relisted with others agents, some with multiple agents and sadly a lot of reductions. Properties from £100k to £140k this week so you have a bit more change left over. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 70 Main Street, Balderton, Newark
Asking Price: £120,000
Property Type: 2 Bed End Terrace
Estate Agent: Edlin and Jarvis
Condition: Needs dialling down
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Colourful property on a busy street in Balderton, i love a bit of colour but for a rental property they’re just a bit too bright when you’re trying to attract as many potential tenants as possible. Last on the market in 2013 by the vendors withdrew it, it looked much duller back then!

Address: 5 The Willows, Farndon, Newark, NG24 3TE
Asking Price: £119,000
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.8%
Comments: Bought back in to 2016 for £92k, no photos so unsure of the level of update. EPC won’t open so unknown rating, garden makes a nice bonus. Farndon is popular and has good access to A46.

Address: 17 Harcourt Street, Newark, NG24 1RG
Asking Price: £117,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: £500-550pcm
Yield: 5.6%
Comments: Already tenanted for £525pcm however it’s EPC F so you will have to spend some money on the property within the next 12 months as even tenanted properties need to be E or above by 1st April 2020.

Address: Gamage Close, Balderton, Newark, NG24 3QA
Asking Price: £109,950
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Newton Fallowell
Condition: Refurbishment Required
Rent Range: £525-575pcm (once refurbished)
Yield: 5.5% (once refurbished, based on £15k spend)
Comments: Perfect property for someone that fancies getting their hands dirty, currently EPC E and requires renovating all the way through.

Address: 173 Barnby Gate, Newark, NG24 1QR
Asking Price: £100,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Martin and Co AND William H Brown
Condition: Light work required
Rent Range: £500-550pcm
Yield: 6.6%
Comments: On with two agents straight away so they must be keen to get rid. The red carpet really needs to go and the brickwork makes the room feel dated, red bedroom wall not ideal either. #159 sold in May for £95k in similar condition.

Address: 29 The Crossings, Newark, NG24 1TY
Asking Price: £100,000
Property Type: 2 Bed First Floor Apartment
Estate Agent: Just Move Estate Agents
Service Charge: £926.30 PA
Ground Rent: £100 PA
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.5% (inc SC and GR)
Comments: Lovely looking apartment in a good location, electric heating doesn’t please everyone but we’ve not had difficulty letting apartments in this block previously. Purchased in July 2016 for £92,500.

Buttercross Best Buy
Address: 10 Sydney Terrace, Newark, NG24 4DB
Asking Price: £100,000
Property Type: 2 Bed End of Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.6%
Comments: Ready to go, downstairs bathroom is a marmite one but the house looks great so the right tenant will look past it. Just need to wait for the EPC before you go for it, can’t fault this one!

So that’s this weeks selection, a couple of good potentialy investments here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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After a busy few months, i’m back again with this weeks properties for sale in Newark! We’ve got 9 new ones to take a look at, i’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 16 Vernon Street, Newark NG24 1PW
Asking Price: £148,000
Property Type: 3 Bed End of Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.86%
Comments: purchased in July 2017 for £135k in the same condition, the only thing thats changed is the paint colour so why is it £13k more? Well presented and ready to rent but be aware of the low epc, don’t to get caught out should regulations change!

Address:110 Grange Road, Newark NG24 4PW
Asking Price: £145,000
Property Type: 3 Bed Semi Detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.17%
Comments: Just a couple of grand more than No 118 that also had a small extension. The kitchen is too much for a rental, it needs dialling down…a lot to appeal to the max amount of tenants as does the rest of the house, think light greys and creams. No chain so may take an offer for quick sale.

Address: 7 Kennedy Walk, Balderton, Newark, NG24 3PJ
Asking Price: £134,000
Property Type: 3 Bedroom Terrace
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.37%
Comments: Well presented property with parking, No 6 sold most recently for £118k 2 years ago without the “storage” extension. No EPC yet so be sure to clarifying rating first, No 6 was EPC D so i’d expect similar.

Address: 14 Lindum Street, Newark, Notts NG24 1NH
Asking Price: £125,000
Property Type: 3 Bedroom Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: So this property is being marketed for £1000 more than a two bed that sold in June, the two was lovely but you certainly get more for your money with this one. Lindum St is a dead end so minimal traffic, just neutralise those bold bedroom colours and order your To Let board!

Address: 35 Emmendingen Avenue Newark NG24 2FX
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Belvoir!
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5%
Comments: Overpriced and small. The equivalent property sold 3 months ago for £104k. Low council tax band, high epc and reasonable rental price will appeal to budget friendly renters.

Buttercross Best Buy
Address: 53 Sleaford Road, Newark, NG24 1NF
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Really well presented house, No 47 sold in May 18 for £116,500 and the condition isn’t much different however the kitchen has been extended and it’s more contemporary. Careful with that low epc, if regulations go up to minimum D then you’ll need to spend a few pennies!

Address: 31 Side Row, Newark NG24 2JB
Asking Price: £119,950
Property Type: 2 Bedroom Terrace
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: Low council tax and rent, good first time rental for tenants working on the industrial esate. No 44 sold for £120k in October but not as nice, nothing to complain about this one, priced well, one off street parking space and ready to go.

Address: Hawthorn Crescent, Farndon, NG24 3TG
Asking Price: £80,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Jon Brambles
Condition: Required Renovation
Service Charge: £300 PA
Rent Range: £425-475pcm
Yield: 6.72% (exc work costs)
Comments: Most of the walls and carpets are neutral so we’re off to a good start and it has a garage (USP). Kitchen is functional as is the bathroom but they need updating for top rental price and one neutral colour throughout on the walls. I’d also recommend losing the fire surround, the curtains and painting any brown woodwork white.

Address: Lombard Street, Newark, NG24 1XG
Asking Price: £80,000
Property Type: 1 Bedroom Second Floor Apartment
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6.38%
Comments: Currently let out for £395pcm with Whitegates and is located above their office. No EPC rating on the advert, if it’s less than an E but mid tenancy you’re okay until 2020, after then you’ll have to get it there or face a fine.

So that’s this weeks selection, a couple of lovely properties in here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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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: 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.

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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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: 5a Chain Lane, Newark, NG24 1AU
Type: 2 Bed apartment
Asking Price: £84,950
Estate Agent: Sell It
Condition: Ready to rent
Rent Range: £375-425 pcm
Yield: 6.00%
Comments: Useful photo of the bunk bed. Interesting positioning of the shower. Lazy electrician?

Address: Eton Avenue, Newark, NG24 4JD
Type: 3 Bed semi detached house
Asking Price: £115,000
Estate Agent: CPG Property
Condition: Requires full refurbishment
Rent Range: £575-625 pcm (when refurbished)
Yield: 6.52%
Comments: Ridiculous price. Worth around £85-90,000. Would’ve had the Buttercross Best Buy if it was priced sensibly.

Address: 9 Village Way, Farndon, NG24 4SX
Type: 2 Bed semi detached bungalow
Asking Price: £134,950
Estate Agent: Richard Watkinson
Condition: Requires full refurbishment
Rent Range: £600-650 pcm (when refurbished)
Yield: 5.78%
Comments: Bungalows are always in good demand as so few come onto the market. Number 29 sold for £125,000 in very good condition. If it was £100,000 I’d still say it was overpriced.

Address: Worthington Road, Balderton, NG24 3RE
Type: 2 Bed terraced house
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.50%
Comments: Tidy little property suitable for a couple or small family.

Buttercross Best Buy
Address: Gainsborough Drive, Newark, NG24
Type: 3 Bed semi detached house
Asking Price: £149,950
Estate Agent: Now Homes
Condition: Ready to rent
Rent Range: £625-675 pcm
Yield: 5.41%
Comments: Refurbished to an excellent condition. Good location north of the town centre. Highest sale on the street was number 5 for £135,000 in 2007.

Address: Mount Road, Balderton, NG24 3HF
Type: 3 Bed semi detached
Asking Price: £119,950
Estate Agent: Newton Fallowell
Condition: Probably needs updating
Rent Range: £600-650 pcm
Yield: 6.50%
Comments: More photos of the outside than the inside suggest it’s a tired property. Nothing on the street has sold for more than £105,000.

Address: 11 Park Crescent, Newark, NG24 2BY
Type: 3 Bed semi detached house
Asking Price: £125,000
Estate Agent: Lesley Greaves
Condition: Needs modernising
Rent Range: £600-650 pcm
Yield: 6.24%
Comments: Around the corner from Gainsborough Drive. Looks like the carpets and decorating need attention as a minimum. They paid £120,000 in 2009.

Address: 7 Century Street, Newark, NG24 1QP
Type: 2 Bed mid terrace
Asking Price: £94,950
Estate Agent: Jon Brambles
Condition: Cosmetic work required
Rent Range: £450-500 pcm
Yield: 6.32%
Comments: Quite a tight street this one. One of the larger ones on the street as it goes over the passage. Paid £100,000 in 2010. Last sale on the street was also by Jon Brambles for £92,000 a couple of years back.

Address: 55 Appleton Gate, Newark, NG24 1LN
Type: 2 Bed end terrace
Asking Price: £119,999
Estate Agent: Sell It
Condition: Cosmetic work required
Rent Range: £550-600 pcm
Yield: 6.00%
Comments: These houses tend to fetch £90-100,000. They paid £113,000 in 2007 so prices here still haven’t got back to where they were. Good location though.

Address: 12 Nicholson Street, Newark, NG24 1RD
Type: 2 Bed mid terrace
Asking Price: £130,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £550-600 pcm
Yield: 5.54%
Comments: Excellent condition. Looks like a lot of money has been spent on it hence the price tag. They haven’t been helped by the portfolio that went to auction earlier in the year across the way from them. They were in poor condition though.

Address: 33 Lovers Lane, Newark, NG24 1HU
Type: 3 Bed mid terrace
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.50%
Comments: Small house on a busy street. Been recently renovated but they seemed to have missed the front door (only painted). Curious one as it looks to have been bought 6 months ago for £115,500.

Address: 17 Village Way, Farndon, NG24 4SX
Type: 2 Bed semi detached bungalow
Asking Price: £149,950
Estate Agent: Newton Fallowell
Condition: Cosmetic work required
Rent Range: £650-700 pcm
Yield: 5.60%
Comments: Occupying a larger plot and having been extended make this a much more appealing bungalow however you are paying for it. Priced much more realistically than Richard Watkinsons. Same price they paid for it in 2005.

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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