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

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Address: 15 Byron Close, Newark NG24 4DX
Asking Price: Offers Over £140,000
Property Type: 4 Bed Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.79%
Comments: Very well presented property, i’d be half tempted to leave the bold colours and wallpaper and see what the feedback is, it will feel more like a home than a rental. The area can make it harder to let but it’s swings and roundabouts.

Address: 36 Milner Street, Newark NG24 4AA
Asking Price: £140,000
Property Type: 3 Bed Mid Terrace House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent – just garden tlc
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Owned since 2001, looks like it’s been recently “neutralised” for selling purposes, bad cover up of the old fire place and the garden needs some tlc. Good location for families with Barnby Road Academy around the corner.

Address: 32 Bailey Road, Newark, NG24 4EW
Asking Price: £140,000
Property Type: 3 Bed Terrace House
Estate Agent: Newton & Fallowell
Condition: Some Minor Work Required
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Open plan living will appeal to families plus plenty of off street parking. I’d consider changing/removing the wallpaper in the kitchen and certainly the bedroom carpet and wallpaper. #24 sold for £113k in March which was neutral throughout.

Address: 93 Goldstraw Lane, Fernwood. NG24 3FD
Asking Price: £139,950
Property Type: 3 Bed End Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Purchased from new back in 2006 for £121,995, doesn’t appear to have changed in this time. Popular location but those bedrooms are small, more suitable for a couple with occasional guests.

Address: 15 Heron Way, Balderton. NG24 3DD
Asking Price: £135,000
Property Type: 2 Bed Semi Detached House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.11%
Comments: This has been on and off the market a lot over recent years, it’s a popular location but the house or the price isn’t working for people. Check the consumer unit and boiler as these will be getting old now if they’ve not been done yet. Bed 2 wallpaper makes the room feel small.

Address: 77 Hatton Gardens, Newark NG24 4BU
Asking Price: £132,500
Property Type: 2 Bed Terraced House
Estate Agent: Newton & Fallowell
Condition: EPC Too Low to Rent
Rent Range: £545-595pcm
Yield: 5.39%
Comments: Really well presented property and in a nice spot too however, it’s an EPC F so it’s not legal to let. Get yourself a copy of the EPC off the register to see whether you’re able to pay for the required improvements before committing.

Address: 22 Hine Avenue, Newark NG24 2LH
Asking Price: £130,000 – £140,000
Property Type: 2 Bed Semi detached House
Estate Agent: Newton & Fallowell
Condition: Needs some minor updating
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Update the master bedroom and the kitchen tiles if you can justify it. Low maintenance garden and parking are nice additions.

Address: 81 Hawton Lane, New Balderton, Newark. NG24 3DH
Asking Price: £129,950
Property Type: 3 Bed Terraced House
Estate Agent: Alasdair Morrison
Condition: Needs Updating Throughout
Rent Range: £575-625pcm (once completed)
Yield: 5.77% (once completed)
Comments: Property is dated throughout, 3 bed end terrace on Stafford Ave in similar condition sold in May for £115k. This property seems to be very pricey for the size, condition and location.

Address: 12 The Brewhouse, Castle Brewery, Newark NG24 4AF
Asking Price: £120,000-£125,000
Property Type: 2 Bedroom Ground Floor Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent Service Charge: £3500 PA Ground Rent: £125 PA
Rent Range: £625-675pcm
Yield: 6.3% (inc SC and GR)
Comments: Very spacious apartment in a popular location, one parking space can cause issues and the limited parking. Have carried out 3 let only’s for this apartment with families being the most interested due to the size.

Address: 26 Sawyers Close, Newark, NG24 2HF
Asking Price: £110,000
Property Type: 2 Bed Terraced House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6%
Comments: Bought in April 18 for £111,250, nothing to really comment on, a bit vanilla but good size for a couple. Good location for industrial estate access.

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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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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