EYES ON…..THIS WEEKS INVESTMENT PROPERTIES 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: 66 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £145,950
Property Type: 2 Bed Terrace House
Estate Agent: House Network National
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.14%
Comments: Bought in Nov 2016 for £132k, a lot of the work had already been done on this property, since buying it’s be decorated in places and had a couple of new carpets. It looks fabulous and i don’t doubt that it would be a very popular rental; No 12 sold in August for £139k without the extension but a converted cellar instead.

Address: 7 Jubilee Street, Newark, NG24 3BT
Asking Price: £129,950
Property Type: 3 Bed Terrace House
Estate Agent: My Online Estate Agent
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.30%
Comments: Magnolia heaven with a low EPC ‘E’ rating, cheap on council tax but pricey to heat, something to consider if the government make all properties ‘D’ or higher. Purchased May 2017 for £115k, aside from making the whole thing magnolia, i’m not sure what’s been done since last year to make it nearly £15k more?!

Address: 45 Mercia Road, Newark, NG24 4NA
Asking Price: £125,000
Property Type: 3 Bed Terrace House
Estate Agent: Belvoir
Condition: Some redecoration required
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Sadly the photos aren’t showing this property at it’s best, the bolder colours and wallpaper will need to go to appeal to more prospective tenants. No 49 sold in July for £130k in a similar condition.

Address: 1 Maun Green, Newark, NG24 2HA
Asking Price: £120,000 -£125,000
Property Type: 2 Bedroom Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.04%
Comments: Small but perfectly formed, a neat and tidy little house with nothing really wrong with it…it’s just a bit vanilla. You could spend money updating the kitchen, changing the living room carpet and the dated doors to get you nearer to £525-575pcm but it would let as it is…eventually.

Address: 58 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £118,500
Property Type: 2 Bed Terrace House
Estate Agent: Haart
Condition: Renovation Required
Rent Range: £550-600pcm (once renovated)
Yield: 6.07%(exc renovation costs)
Comments: This is the before of number 66 listed above, there’s no epc with this property at present but i have a feeling it’s going to be low i.e solid brick and pitched roof (neither with insulation) plus electric storage heaters (which are a big no no); tenants barely like electric heating let alone storage heaters! Get it like No 66 (minus the extention) to get the rent range suggested.

Address: 25 Lincoln Street, Newark, NG24 1HP
Asking Price: £115,000
Property Type: 2 Bed Terrace House
Estate Agent: Martin & Co.
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.2%
Comments: On first glance it would appear its ready to rent although hard to know without the photos of the living area but it does look like the carpets look at bit thin. Last sale in July 2017 was No 17 for £110k with a brand new kitchen.

A good variety again this week although some are pretty underwhelming! If you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, pop in for a chat and a cuppa.

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EYES ON….THIS WEEK 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: 31 Jubilee Street, Newark, NG24 4DA
Asking Price: £109,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Complete Update Required
Rent Range: £525-575pcm (once updated)
Yield: 6.28% (NOT inc renovation costs)
Comments: Crying out for an update, ALL of it. There’s no EPC yet so i’d check the rating then prioritise if you’re on a budget, E or above or you can’t let it.

Buttercross Best Buy
Address: 9 Linseed Avenue, Newark, NG24 2FJ
Asking Price: £140,000
Property Type: 3 Bed Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Good starter investment, we recently let a 3 bed semi on Wheatsheaf Avenue for £625pcm in a similar condition. The only real thing that lets it down is the kitchen, it would be worth changing the unit doors if nothing else.

Address: 25 Bromley Avenue, Newark, NG24 4DS
Asking Price: £119,950
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (althought i’d recommend a kitchen!)
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Another one awaiting an EPC, looking at the age it’s likely to be at least an E so hopefully you can spend any spare pennies on a kitchen; yes it’s ready to rent but a dated kitchen will put tenants off leaving it empty for longer.

Address: Huddlestones Wharf, Newark, NG24 4UL
Asking Price: £150,000
Property Type: 2 Bed Maisonette
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.4%
Comments: Very well presented maisonette, certainly not something that comes up very often. Currently building work underway on the lhs of the building and it’s next to The Navigation Pub, something to bare in mind for your new tenants.

Address: 96 Beacon Hill Road, Newark, NG24 2JG
Asking Price: £130,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.5%
Comments: Surprisingly spacious house, almost Tardis like! #94 sold in February for £130k in a very similar condition.

Address: Apartment 12, 11 Mill Gate, Newark, NG24 4TR
Asking Price: £130,000
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Ground Rent: £115 PA
Maintenance Charge: £720 PA
Rent Range: £475-525pcm
Yield: 4.82%
Comments: Lovely looking apartment but a lot for what it is, you may even obtain £550pcm but be prepared to wait, overpricing is a surefire way to put tenants off.

Address: 2a Milton Street, Newark, NG24 3AW
Asking Price: £150,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Fabulous kitchen/diner extension, this will be a big hit with families and those that like to entertain. EPC is a low E so be aware that should the minimum rating raise again, you may need a speed a few pennies, the report will detail what.

Address: 133 London Road, Newark, NG24 3AH
Asking Price: £129,950
Property Type: 3 Bed End of Terrace House
Estate Agent: Door Steps and LetsXchange
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready to go and has been advertised with LetsXchange for some time, recently marketed by Door Steps, it would suggest that they are getting itchy feet, it may be worth striking while the iron’s hot and putting in a cheeky offer.

Address: 8 Sydney Terrace, Newark, NG24 4DB
Asking Price: £125,000
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (although AGAIN i’d change the kitchen)
Rent Range: £500-550pcm
Yield: 5.28%
Comments: No chain, ideal for a quick buy. No recent sales on the street or in the area, the kitchen lets it down (in my opinion!) but that’s your call. The off street parking will be very appealing.

Lots of new kitchens this week but if you have any questions about any of this weeks properties then i’d love to have a chat on 01636 343014, or even better, 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.

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

Address: 42 Hawton Lane, New Balderton, Newark, NG24 3DL
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Good size and location, lack of bath and busy road may put families with young children off and i’d maybe lose the orange and peach bedrooms but that’s personal preference. Overall a bit of a vanilla property.

Address: 15 Newnham Road, Newark, NG24 1HY
Asking Price: £119,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.52%
Comments: Good first time investment, quite a tight terraced street but very well presented property and close to town centre + train station. EPC TBC to check that out before committing. #16 sold in Jan for £110k with separate kitchen and dining room but similar condition…

Address: 34 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £129,950
Property Type: 2 Bed Semi-Detached House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Well presented property, not huge but will suit a small family or couple. #24 sold on the 1st Feb 2018 at a lower standard and without a garage. This property was previously marketed at £515pcm with EMPM.

Address: 16 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £139,950
Property Type: 3 Bed Semi-Detached House
Estate Agent: Now Homes
Condition: Slight Update Required
Rent Range: £550-600pcm (based on update recommendations)
Yield: 5.14% (NOT including update costs)
Comments: Plenty of space but showing it’s age in places although take the curtains and lamp shades down and it’s looking younger already! I’d recommend changing the bold carpets and updating the kitchen tiles to something bright…the units too if you can. No idea about the bathroom!

Address: 58 Stafford Avenue, Balderton, Newark, NG24 3EG
Asking Price: £120,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £550-600pcm (based on high end finish)
Yield: 6% (NOT including update costs)
Comments: Needs updating throughout, combination of carpets, decorating, the whole kitchen including the units and if you can, i’d remove the shower and fit a bath to appeal to families.

Buttercross Best Buy
Address: 3 Cromwell Road, Newark, NG24 1RP
Asking Price: £90,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.6%
Comments: Small but well presented and less than £100k making it a great first time investment and great budget property for prospective tenants. #7 sold for £95k in March 2018 in a similar condition. No EPC yet so make sure you check it’s higher than an ‘E’!

Address: 29 Milton Street, Balderton, Newark, NG24 3AP
Asking Price: £105,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Alasdair Morrison
Condition: Major Update Required
Rent Range: £575-625pcm (once updated)
Yield: 7.14% (NOT including update costs)
Comments: This beauty needs an update…i’ve just seen my first aubergine bathroom suite and i think it has to go!! #35 sold in Aug 2017 for £110,000 with a much newer finish but not high end…although THIS price seems a bit high.

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.

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 INVESTMENT PROPERTIES 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: 7 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Some work required – kitchen needs updating
Rent Range: £575-625pcm
Yield: 5%
Comments: Purchased in 2008 for £125,000, this 3 bed was one of the highest sales at the time and even though it hasn’t changed since then, it would appear to be overpriced looking at other previous sales. Number 8 sold in Aug 2017 following a complete renovation for £132,000 and was the highest sale on the street so far!

Address: Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £142,500
Property Type: 3 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Some work required – kitchen needs updating + possibly bathroom.
Rent Range: £575-625pcm
Yield: 5.26%
Comments: Good sized family home in a good location, the kitchen is a great size but really needs updating and i’m to hazard a guess and say that the camera shy bathroom is also likely to need an update. Once these improvements have been done, dependant on the level you could look at £625-675pcm.

Address: 29 Centenary Close, Balderton, Newark, NG24 3FE
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: The last 2 bed on the street sold for £115,000 after being renovated throughout in June 2017 with off street parking and was a semi rather than mid terrace; the last 3 bed sold was another semi in Sept in a similar condition to 29 for £133,000 with off street parking, why is this so much?

Address: Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Whitegates
Condition: Already Tenanted
Rent Range: £475pcm currently obtained
Yield: 5.18%
Comments: Investment property so no need to worry about void periods, it appears to be a small property in an average condition so rental price seems fair. There’s currently no epc so if it comes back below an E and the tenant isn’t in a fixed term, then you need to spend to money to get it there or you can be fined.

Buttercross Best Buy
Address: Parsons Close, Fernwood, Newark, NG24 3UX
Asking Price: £127,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.65%
Comments: Ideal first time investment, modern house with no initial work required in a popular area so it shouldn’t take long to get a tenant, perfect for keeping those void periods as short as possible. Last sale was on Dovedale Terrace on January 2017 for £115,500, the exact same layout and condition but no garage.

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 INVESTMENT PROPERTIES 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: Lacey Green, New Balderton, NG24 3NJ
Asking Price: £146,950
Property Type: 2 Bed Semi-detached
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Well presented home in a popular area with a good EPC rating and low council tax band making it ideal for a couple or small family. Last 2 bed sold in March 2017 for £135,000 in a similar condition with a conservatory too but without a garage.

Address: 5a The Twitchell, Newark, NG24 4NU
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Purchased 10 years ago, aside from a colour change, this property hasn’t changed a bit! No photos of any of the bedrooms, hopefully they aren’t that bad?! No EPC yet so make sure you check the verdict before buying.

Address: 36 Mercia Road, Newark NG24 4NA
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Now Homes
Condition: Minor Work Required
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Located in Hawtonville, this property is a generally good condition with, my only gripe is the over bed storage in two of the bedrooms as they restrict the layout of a room and makes it difficult for tenants to accommodate their own furniture.

Buttercross Best Buy
Address: 35 Lovers Lane, Newark, NG24 1LU
Asking Price: £115,000
Property Type: 3 Bed Mid-Terrace
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6%
Comments: Ideal first investment, recently refurbished with new carpets and painted throughout, plus it’s rated EPC ‘D’ so you’re within the legislation changes too. Only downside, it has a downstairs bathroom which is a real marmite thing with tenants but you can’t please everyone.

Address: 35 Appletree Close, Newark, NG24 2FA
Asking Price: £85,000
Property Type: 2 Bed First Floor Apartment
Estate Agent: YOPA
Condition: Ready to Rent
Rent Range: £425-475pcm
Service Charge: £73.82 PA (inc ground rent, maintenance and building insurance)
Yield: 6.7%
Comments: Another good first time investment, no work required and the service charge is very reasonable. Close to town, knowhow, train station AND A46 so it will suit a lot of professional tenants. This property only purchased in September 2017 for £79k so why sell again so soon?

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 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 although we’ve had another week with more reductions than newbies with 7 new and 8 reduced.

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

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £147,500
Property Type: 2 Bed end of terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Lovely looking home and great if want something low maintenance, only downside is the asking price as you just won’t achieve the rental value you need to get a half decent yield.

Address: Simpson Close, Balderton, Newark, NG24 3RD
Asking Price: £149,000
Property Type: 3 Bed mid terrace
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.03%
Comments: Another one that’s ready to go with a fab kitchen diner, last sale was September 2017 for £135,000 which was a 3 bed semi but without a conservatory and needed an update.

Address: kingsnorth Close, Newark, NG24 1PS
Asking Price: £140,000
Property Type: 3 Bed semi detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Good sized family home with a desirable addition of off street parking and a garage along solar panels which are owned outright; the last sale was June 2017 for £140,000.

Address: Devon Road, Newark, NG24 4JP
Asking Price: £140,000
Property Type: 3 Bed semi detached
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Spacious accomodation with a good epc rating and can be rented as is or you can always update the kitchen for a slightly higher rent pcm.

Address: Centenary Close, Newark, NG24 3FE
Asking Price: £130,000
Property Type: 2 Bed semi detached
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Fantastic first time investment, upkeep is minimal and tenants are going to love the fresh, modern look these owners have achieved and there’s parking too.

Address: Broughton Drive, Newark, NG24 4PX
Asking Price: £125,000
Property Type: 2 Bed semi detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Number 35 sold in September for £118,000 in similar condition; low rent and cheap running costs make this ideal rental, this property has no chain so you’ll be finding a tenant in no time.

Buttercross Best Buy
Address: King Sconce Avenue, Newark, NG24 1FX
Asking Price: £140,000
Property Type: 2 Bed semi detached
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Ideal first time investment, no work required and another 2 bed on the street is currently under offer for £135,000 so see what you can do.

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: 21 Kingsnorth, Newark, NG24 1PS
Asking Price: £145,000
Estate Agent: Winkworth
Condition: Some work required
Rent Range: £625-675pcm (once work completed)
Yield: 5.4%
Comments: Semi-detatched, located down a quiet cul-de-sac within catchment to Barnby Gate School. In April 2017 a property very similar to this with a more modern kitchen and bathroom sold for £140,000 so why is this £149,950 when you need to rip out the dated kitchen and bathroom?

Address: 4 Clipsham Close, Balderton, NG24 3LD
Asking Price: £140,000
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Located in a desirable area of Balderton with great connections to the A1/A46, this 2 bed semi-detached house is well presented making it ideal for a first-time investor. It comes with an off-street parking space and the largely landscaped garden with limited grass space however the small bedrooms would make it well suited for a professional couple.

Address: 3 Barnby Crossing, Newark, NG24 2NG
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to rent.
Rent Range: £550-600pcm
Yield: 5.55%
Comments: Lovingly finished 2 bed terraced house with a great views of the English countryside. It has a great reception area made via an extension to the kitchen but is let down by the dated tiles that aside, it would make a great first time investment but bare in mind the closeness of the train line could be unattractive to most tenants.

Address: 11 Barnby Crossing, Newark, NG24 2NG
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to rent.
Rent Range: £550-600pcm
Yield: 5.55%
Comments: The second of two properties listed on Barnby Crossing this week. With two reception areas, two decent sized double bedrooms and a large bathroom we could see a working couple that could take advantage of the great travel links the location of this property has to offer. This property was sold previously in April 2017 so why the sudden need to sell?

Address: 89 Ruby’s Walk, Fernwood, Newark NG24 3FA
Asking Price: £139,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £600-650pcm
Yield: 5.78%
Comments: Located on the popular Fernwood estate this property would be ideal for professional couple or a small family. The bedrooms appear to be camera shy so it is hard to say whether there is anything to do cosmetically, although The most recently sold 3 bed end of terrace house on the estate (with a similar lay-out) was sold for £115,000 in 2013; It had a beautifully landscaped garden and a more modern interior.

Address: 15 Kings Road, Newark NG24 1EW
Asking Price: £125,000
Estate Agent:Richard Watkinson
Condition: Ready to rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Period Terrace house within walking distance of the train station. Morrisons is only a few doors down, so that makes the weekly shop that bit easier! Was bought in 2014 for £90,000 so questions can be asked as to whether £35,000 of extra value has been added on in the last 3 years considering it has only been painted.

Buttercross Best Buy
Address: 188 Barnby Gate, Newark NG24 1RH
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £575-625pcm
Yield: 6.25%
Comments: Fabulously decorated, and somewhat a bit odd! 3 beds makes this ideal for a family. Would be a problem to those who need a car as no off-street parking so better suited to those who work in town. Ideal for a first time investor. We understand that next door was sold for £110,000 earlier this year. However, next door was in need of a brand new kitchen, redecoration throughout and don’t get us started on that bathroom!

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: 70 Milner Street, Newark, NG24 4AA
Asking Price: £135,000
Estate Agent: Winkworth
Condition: Complete Refurbishment Required.
Rent Range: £600-650pcm (Once refurbished)
Yield: 5.77%
Comments: Complete overhaul required, I know retro is in at the moment but I’m not convinced! There’s no photo of the bathroom but judging the rest of the house I think it’s safe to say it will be bad. Most expensive terrace on the street fetched £158,500 in June this year (Number 8).

Address: Goldstraw Lane, Fernwood, NG24 3FF
Asking Price: £114,950
Service/Maintenance Charge: approx £1,317.12 PA
Ground Rent: £125 PA
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 6.18% (inc GR and Serv Charge)
Comments: Modern, low maintenance property making it ideal for a first time investor, 3 bed apartments aren’t overly common on the rental market so desirability is difficult to judge. The owners have cleverly used one of the bedrooms as a dining room to make extra living space, certainly worth advising tenants.

Address: 24 Birch Road, New Balderton, NG24 3DB
Asking Price: £135,000
Estate Agent: Newton Fallowell
Condition: Light Refurbishment Required.
Rent Range: £575-625pcm
Yield: 5.55%
Comments: Good area for families and couples, close to the A1 and outstanding schools. Price is fair for the work required, that kitchen has got to go, the gardens need some tlc and the master needs a carpet..also I’m not sure anyone has ever said “nice mismatch conservatory tiles”…

Address: 77 Philip Road, Newark, NG24 4PE
Asking Price: £89,950
Estate Agent: Newton Fallowell
Condition: Cosmetic Work Required.
Rent Range: £500-525pcm
Yield: 7.00%
Comments: Kitchen is good and it just needs a lick of paint and the curtains getting rid of. Maybe a new bathroom? 86 Grange Road sold for £87,000 in June this year.

Address: 63 London Road, Balderton, NG24 3AG
Asking Price: £110,000
Estate Agent: Edlin & Jarvis
Condition: New Fences Required
Rent Range: £525-£575pcm
Yield: 6.27%
Comments: Typical 2 bed terrace. Not the biggest but will be fine to rent. Number 71 sold for £114,950 last December but was much bigger upstairs and in better condition.

Address: Apartment 2, Dobsons Quay, Newark, NG24 1EU
Asking Price: £89,950
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525pcm
Yield: 5.59% (Allowing for service charge)
Comments: Looks a well styled flat in a good location. Not the biggest place but OK for a single person or couple. Value has increased by 34% since 2003.

Address: 10 Apple Avenue, Fernwood, Newark, NG24 3US
Asking Price: £86,000
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £400-425pcm
Yield: 5.93%
Comments: Cosy 1 bed quarter house complete with oil stain on the parking space. Just check on service charges as this will affect your yield.

Address: Coleman Avenue, Balderton, NG24 3DR
Asking Price: £126,950
Estate Agent: Haart
Condition: Cosmetic Work Required
Rent Range: £575-625pcm
Yield: 5.91%
Comments: There’s a lot going on in this house so hard to really tell but it certainly needs decorating throughout. Bathroom looks dated but kitchen seems OK. Last two terraced sales on the street were for £103,000 and £97,000 over 2 years ago.

Address: Whitfield Street, Newark, NG24 1QX
Asking Price: £125,000
Estate Agent: Haart
Condition: Needs Renovation
Rent Range: £625-675pcm (after renovation)
Yield: 6.48%
Comments: Another ambitious price from Haart considering number 51 sold for £124,000 in excellent condition 12 months ago. Looks like it needs a skip or ten…

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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