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 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:38 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Purchased in Nov 2016 for £111k and i wouldn’t appear to have changed at all. Good budget friendly property for potential tenants with a high epc, low council tax band and cheap rent. I think the asking price is pretty high, i’d go for Wright St or Coronation St below, much nicer and less money!

Address: 4 Hillary Way, Balderton, Newark. NG24 3PN
Asking Price: £140,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.78%
Comments: Spacious property with no work required, the communal parking area won’t be for everyone and the lack of outdoor storage lets it down but you can hire a garage for £40 off the council. No 6 sold in March 2018 for £140k in a similar condition.

Buttercross Best Buy
Address:Flat 4, The Bell Tower, Barnby Road, Newark. NG24 1SA
Asking Price: £130,000
Property Type: 1 Bedroom Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent
Maintenance Charge: £40pw
Rent Range: £525-575pcm
Yield: 5.22% (inc MC)
Comments: If you’re wanting a rental with wow factor then this property certainly ticks the boxes, perfect for a professional singleton or couple, could be used a main home or even a furnished mid week let if commuting. Flat 7 sold for £138k in Oct 2017 as a single storey ground floor 2 bed flat.

Address: 19 Coronation Street, Balderton, Newark NG24 3BD
Asking Price: £120,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Well presented property, ideal budget friendly property for tenants that looks great. Advert doesn’t say much but that’s the agent rather than the house, the price seems very fair too, nothing bad to say about this one!

Address: 49 Smith Street, Balderton, Newark. NG24 3BA
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Another budget friendly property, for a property thats described so highly, you’d have thought the agent would’ve got photos to show that off?! Price is pretty good, check the boiler to make sure that’s not the rubbish happy meal toy!

Address: 68 Bowbridge Road, Newark. NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Nottinghamshire Property Services
Condition: Update Required
Rent Range: £500-550pcm (once updated)
Yield: 6% (not inc updating costs)
Comments: The only fixer upper of the week and my goodness does it need gutting! No 12 sold in August for £139k, it was a beautiful example, take a look at the old listing for tips, can’t help but think this asking price is pretty high for what needs doing on this property.

Address: 4 Wright Street, Newark. NG24 1PJ
Asking Price: £109,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.73%
Comments: Really nice little house, great first investment with no work to do, you could collect the keys and market to rent on the same day.

Address: Flat 1, Trent House, Barnby Gate, Newark NG24 1XP
Asking Price: £85,000
Property Type: 1 Bedroom first Floor Flat
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6%
Comments: We let this property less than 6 months ago, good central location and nice modern finishes but the lack of parking anywhere near the flat and very small living space makes it a tough one to let.

Plenty of properties this week although with nearly all of them ready to go so no need to invest too much into your investment! 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: Elizabeth Road, Newark, NG24 4NR
Asking Price: £137,995
Property Type: 3 Bed Semi Detached House
Estate Agent: Haart
Condition: Light Decoration Required
Rent Range: £550-600pcm
Yield: 5.21%
Comments: Well presented property, living room lets in down so i’d redecorate it. Fair price, #74 sold in March 2018 for £132,500 without the loft conversion or conservatory.

Address: 50 Whitfield Street, Newark, NG24 1QX
Asking Price: £115,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Work Required
Rent Range: £450-500pcm
Yield: 5.22%
Comments: Lovely modern extension, red carpet not the best but could be worse and i’d get rid the over bed storage. The property is an EPC ‘F’ with a new heating system upgrade required to reach an ‘E’, you cannot let it out if it’s not an least an ‘E’.

Address: 11 Barnby Crossings, Newark, NG24 2NG
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Those kitchen tiles are pretty marmitey! #3 sold in Jan 2018 for £120k which also had an extension however the current vendors of #11 bought this is for £126k in April 2017 but have done nothing to it since.

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £140,000
Property Type: 2 Bed End of Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Lovely looking property, nice and modern so a good starter property as maintenance costs will be pretty low. My ONLY concern is the built in bedroom furniture as a lot of tenants will already have a bed!

Address: Harcourt Street, Newark, NG24 1RF
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.72%
Comments: The kitchen size and finish lets this one down as does the EPC, if you want to spend the money updating the kitchen then you may manage an extra £25pcm but i’d focus on getting the property legal to rent. Bathrooms off the bedrooms always get mixed feedback.

Address: 46 Cranmer Road, Newark, NG24 4ET
Asking Price: £132,500
Property Type: 3 Bed Mid Terrace House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.21%
Comments: Good sized property, the bold wallpaper throughout and black bedrooms are down to a matter of taste but they may be a bit much for a rental property. The generous garden and parking is good but the lack of bath isn’t great for families.

Buttercross Best Buy
Address: Victoria Street, Newark, NG24 4UT
Asking Price: £147,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Gorgeous. Tenants will have to compromise on parking but they will be able obtain a permit from the council. Check the EPC before committing to anything. Where do i sign?

Address: 19 The Brewhouse, Castle Brewery, Newark, NG24 4AF
Asking Price: £130,000
Service Charge: £850 (every 6 months)
Annual Ground Rent: £125
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.41%
Comments: We let this property at the end of last year for £575pcm, it looks much better in person than how Purple Bricks have presented it on this listing!

Address: 1a Albert Avenue, Balderton, Newark, NG24 3HE
Asking Price: £147,500
Property Type: 2 Bed Converted Coach House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Spacious character property, purchased in June 2015 for £124,950, it hasn’t changed much aside from a colour change here and there. Street parking but has a garage, fancy something a bit different?

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: 18 Marton Road, Newark, NG24 1SL
Asking Price: £115,000
Property Type: 3 Bed Semi Detached
Estate Agent: SDL Auctions Graham Penny
Condition: Light refurbishment
Rent Range: £625-675pcm
Yield: 7.04%
Comments: Needs to be viewed to assess the condition. £130,000 seems to be the average price for a property on this street. Also factor in the buyers premium payable to the auctioneer.

Address: 44 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: William H Brown
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Two doors up sold for £115,000 in 2016. Looks recently modernised and ready to rent. The only bathroom is located off one of the bedrooms hence why they have described it an an en-suite. Located down a quiet cul de sac.

Address: 30 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 3 Bed Terraced
Estate Agent: Richard Watkinsons
Condition: Full Refurb Required
Rent Range: £550-600pcm
Yield: 6.00%
Comments: They’re all selling up on Smith Street. This needs a lot of work but offers a lot of potential. Good sized bedrooms and a huge garden which is missing a fence. Overpriced considering the amount of work required.

Address: 174 Northgate, Newark, NG24 1HL
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: Winkworth
Condition: Light Refurb Required
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Small terraced house in a good spot for the station. Next door sold for £106,000 last August and looks more modern (just looking at the front doors). Around £25,000 too much.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £125,000
Property Type: 3 Bed Terraced
Estate Agent: Haart
Condition: Ready To Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Next door to a house share. Paid £111,000 in December 2014 after it was renovated so probably not done anything to it since. Located near to Barnby Road Academy.

Address: 3 Newton Street, Newark, NG24 1SU
Asking Price: £130,000
Property Type: 3 Bed Terraced
Estate Agent: Bairstow Eves
Condition: Light Refurb Required
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Better location than Wood Street I think, though you’ll pay a bit more for it. Next door sold for £115,000 in January this year.

Buttercross Best Buy
Address: 28 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Tidy property close to town centre. Last bought for £107,000 in 2014. Comes with a garage which is handy in this location.

Address: 4 Toll Bar Cottages, London Road, Balderton, NG24 3JE
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 5.54%
Comments: Another tidy property from Jon Brambles. Number 1 sold for £117,000 in 2014. Car park to the side of the property.

Address: 5 Riverside Road, Newark, NG24 4RJ
Asking Price: £140,000
Property Type: 2 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Light Modernisation Required
Rent Range: £575-625pcm
Yield: %
Comments: Popular location and plenty of storage which is lacking in more modern properties. Kitchen needs modernising and probably the bathroom. Number 1 sold for £136,500 in 2015.

Address: 4 Friary Road, Newark, NG24 1LE
Asking Price: £145,000
Property Type: 2 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Very well presented terraced house near to the town centre. Busy road and neighbours have Japanese knotweed which is being treated. Something to investigate further.

Address: 16 Baines Avenue, New Balderton, NG24 3BL
Asking Price: £145,000
Property Type: 2 Bed Semi Detached
Estate Agent: Alasdair Morrison
Condition: Probably Needs Work (No internal photos)
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Paid £133,950 in September 2007 shortly after it was renovated (bought in February of the same year for £95,000). No internal photos to see what it’s like now and the description doesn’t help. Off street parking for when the road fills up during the school run. Often used as a run through to the back of Balderton.

Address: 26 Boundary Road, Newark, NG24 4AL
Asking Price: £150,000
Property Type: 3 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £600-625pcm
Yield: 5.00%
Comments: Last terrace to sell on the street was #16 for £132,000 back in 2015. Looks very well presented. Quite tight for parking around this busy road.

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: 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 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 although we’ve started the new year with just 5 new properties but 10 reductions!

Address: 50 Cardinal Hinsley Close, Newark NG24 4NQ
Asking Price: £150,000
Property Type: 3 Bed semi-detached
Estate Agent: April King
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Fantastic curb appeal and it’s well presented throughout, i’d lose the built in storage in the second bedroom as there’s a lot of it and a family would lose a double bedroom. Price seems a little adventurous for the area.

Address: 7 Clarks Lane, Newark, NG24 2EF
Asking Price: £130,000
Property Type: 2 Bed mid terrace
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Last sold in August for £80,914, previous listing states a modern home with no mention of work required but no photos; the property has never been sold for more than £97,000 so why £130,000?

Address: 47 Nelson Road, New Balderton, Newark, NG24 3EL
Asking Price: £130,000
Property Type: 2 Bed semi-detached
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Great location and condition, an ideal first investment aside from the asking price, £10k less and you’ll have a great yield and property.

Address: 44 Smith Street, New Balderton, Newark, NG24 3BA
Asking Price: £119,950
Property Type: 2 Bed mid terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: The last 2 bed sold for £102,000 in October and a spotless 3 bed sold in September for £117,500 but in this case one less bedroom will cost you more? There’s no EPC yet so factor that in before you buy.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bed second floor flat
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.6%
Comments: Haart haven’t disclosed the service charge or ground rent so be sure to at the lease before purchasing. This aside, another great first time investment for a good price and with a good epc rating.

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.

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: 2 Stafford Avenue, Balderton, NG24 3DP
Asking Price: £129,950
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 5.77%
Comments: After making this property of the week back in August, it’s great to see it’s been renovated very well. Loving the disco lights for the kitchen. Number 6 sold in January 2017 for £124,000.

Address: Linden Avenue, Newark, NG24 3AT
Asking Price: £90,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £425-450pcm
Yield: 6%
Comments: Well kept and comes with a garage and garden. Also comes with a lease less than 70 years which means it will not be mortgageable and you’ll have problems selling it in future. This needs to be sorted before buying or you’re taking a huge risk.

Address: John Gold Avenue, Newark, NG24 1RU
Asking Price: £90,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-525pcm
Yield: 7%
Comments: Another two bed apartment from Jon Brambles but this time with an acceptable lease length.

Address: 8, Oliver Close, Newark, NG24 1RS
Asking Price: £117,000
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Recently renovated, ready to be tenanted and a great first time investment, number 7 sold in July 2017 for £112,000.

Address: 18 Beacon Hill Road, Newark, NG24 1NU
Asking Price: £142,950
Estate Agent: Haart
Condition: Refurbishment Required
Rent Range: £600-650pcm (after refurb)
Yield: 5.46%
Comments: Get your sleeves rolled up and get the paint out! Just dull down those bright colours, change those crazy carpets and sort out a swanky new kitchen…sorted!

Address: Mill Gate, Newark, NG24 4TR
Asking Price: £85,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 6.35%
Comments: Great, centrally located refurbished apartment with a bonus integrated garage. Service Charges and Ground Rent tbc, 67 year lease with the option to extend.

Address: Clumber Avenue, Newark, NG24 4DT
Asking Price: £132,950
Estate Agent: Haart
Condition: Light work required
Rent Range: £575-625pcm (after work)
Yield: 5.64%
Comments: Lots of space and only a small amount of work needed, tiles and kitchen units could do with an update and maybe dial down the really bright colours but you’ll need to get it above an ‘F’ before you can let it.

Address: Cromwell Road, Newark, NG24 1RP
Asking Price: £107,000
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.61%
Comments: Aside from the sketchy photo quality, the property is ready to go, a 2 bed just 2 streets away sold in Oct 2017 for £96,000 in similar condition.

Address: Kings Road, Newark, NG24 1HB
Asking Price: £85,000
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £400-450pcm (once refurbed)
Yield: 6.35%
Comments: Get some new carpets in and a fresh coat of paint throughout, lose the dated kitchen and curtains and you’ll be well on your way to a desirable rental property.

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: 1 Newton Street, Newark, NG24 1SU
Asking Price: £110,000
Property Type: 3 Bed End Terrace
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Great property for a young family thanks to Barnby Gate Academy located just around the corner and it’s only a short walk to the park and town centre. Cosmetically the property could really do with new carpets throughout, a fresh coat of magnolia (if you HAVE stick to that colour) and get the gloss out and ditch the dark woodwork. MOST importantly, this property is EPC ‘F’ meaning NOBODY can let it after April 2018, get in touch with Talk Green to find out what your options are.

Address: Williams Lane, Fernwood, Newark, NG24 3FN
Asking Price: £95,000
Property Type: 2 Bed Ground Floor Apartment
Ground Rent: not disclosed
Service Charge: not disclosed
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.25%
Comments: Popular Fernwood location that works for families and couples, particularly for the school and A1/A46 access, although i do think this is better suited to a professional couple due to size and wear and tear. The last 1st floor flat sold round the corner on Ainsdale Close in June for £72,000 with a very similar layout, allocated parking and slightly nicer decor so why this is £95k is beyond me.

Address: 4 Guildhall Street, Newark, NG24 1UH
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky cottage style terrace in Newark Town Centre, ideal for tenants using public transport with the bus and train stations just short walks from the property. Very difficult to compare the price as it’s so unusual, the lack of parking will put prospective tenants off and the style is very marmitey but you can’t please everyone regardless of what you buy!

Address: 124 Bowbridge Road, Newark, NG24 4DQ
Asking Price: £110,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Simple family home close to Holy Trinity School and the sports centre with the bonus of off street parking, it’s a bit of a vanilla property but it’s fine and you wouldn’t have to do a lot to it; i’d check whether that’s a furniture mark or damage to the living room carpet and consider losing the green in the bedroom. The price seems fair although it doesn’t have an EPC yet, you’ll need make sure it’s an ‘E’ or above unless you’re willing to spend the money to get it there.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bedroom Ground Floor Flat
Ground Rent: £101 paid every 6 months
Service Charge: £986.27 per annum
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.51% (inc SC and GR)
Comments: Great modern flat close to the A1/A46, town centre and KnowHow making this perfect for most professionals and a first time investor; the lack of magnolia, modern finishes and parking for both tenants and guests ticks additional boxes too. The last sale was back in 2014 but looking at the one above for £95,000 with a similar selling in Fernwood in June for £72,000, that should give you a rough idea, which would you prefer?

Address: 57 Jubilee Street, Newark, Nottinghamshire, NG24 4DA
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace (previously sold as a 3 Bed?!)
Estate Agent: Haart
Condition: Light Redecoration Required
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Lovely looking terrace close to town centre, the vendor purchased the property in Dec for £99,000 and since then they’ve had the living room beams covered and skimmed, decorated the bedrooms and living room along with new carpets and potentially skimmed the bedrooms; the bathroom and kitchen haven’t changed aside from the lack of paint on the back wall and there’s no photos of the dining room, i wonder if it still has a wood panelled ceiling and stone fire surround? Is the £26,000 increase worth 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.

Address: 4 Greenway, Newark, NG24 4JE
Type: 3 Bed Semi-Detached
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Some modernisation required.
Rent Range: £550-600pcm (once completed)
Yield: 4.97%
Comments: Nestled within Hawtonville,this 3 bed semi is crying out for an update, no bathroom or bedroom photos suggests it’s as dated or worse than the living room. Considering how much needs to be spent on this, the price is a way off, a pristine 4 bed sold for £142,500 in December.

Address: 12 Pond Close, Fernwood, Newark, NG24 3RU
Type: 3 Bedroom Town House
Asking Price: £145,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.38%
Comments: Very well presented town house ideal for a first time investor with little/no work required meaning it could be marketed straight away; the vendors purchased this is in March for £139,500 so they aren’t making much after fees. 3 bed town house in Fernwood with a large garden and 2 parking spaces, perfect.

Address: Clipsham Close, Newark, NG24 3LD
Type: 2 Bed Semi-Detached
Asking Price: £132,950
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.42%
Comments: Cosey little house perfect for a couple or singleton, the camera shy bathroom does worry me but the driveway is always a tenant pleaser and it’s in a great location. Don’t be put off by the nearby train line, it’s not THAT close and our tenants on the same street don’t seem to notice it!

Address: Milton Street, Balderton, Newark, NG24 3AP
Type: 3 Bed Semi-Detached
Asking Price: £127,000
Estate Agent: Purple Bricks
Condition: Complete Renovation Required
Rent Range: £600-650pcm
Yield: 6.14%
Comments: Not for the faint hearted, brilliant opportunity for those who aren’t afraid of getting their hands dirty, 25k on renovations and you’d still get 5.1% yield. We let the exact same style of property on Shakespeare Street mid renovation for £650pcm, thanks to early advertising the landlords had no void period.

Address: 8 Wright Street, Newark, NG24 1PJ
Type: 2 Bed Mid-Terrace
Asking Price: £112,500
Estate Agent: CPG Property Ltd
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.6%
Comments: Colourful 2 bed home within Barnby Road Academy catchment area making it great for small families, good first time investment as it’s reasonably priced and little work is required but don’t get drawn in by the converted loft space, you need to check the legalities of the staircase.

Buttercross Best Buy
Address: Apartment 3, Dobsons Quay, Newark, NG24 1EU
Type: 1 Bed Ground Floor Apartment
Asking Price: £95,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6%
Comments: Lovely modern apartment located on the banks of the River Trent in Newark town centre, with an allocated parking space to the rear and 5 minutes walk to Newark Castle station, it’s ideal for a working professional or couple. I have nothing bad to say about this apartment, no work required, in a great location and hello 6% yield!

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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