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: 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.

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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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: 32 Wright Street, Newark, NG24 1PJ
Type: 2 Bed terrace
Asking Price: £80,000
Estate Agent: Jon Brambles
Condition: Damp work required
Rent Range: £450-500pcm (once work completed)
Yield: 7.5%
Comments: Despite looking like an end terrace, this hasn’t always been the case; number 28 was subject to a gas explosion from foam canisters, the land the house was on has since been purchased and it’s expected another house will be built in its place. Damp work is required on the wall that was previously number 30, aside from that, a lick of paint, a lawn mower to the back garden and a good clean throughout would soon turn this into a family home.

Address: Apartment 50, Barrows Gate, Newark, NG24 2FY
Type: 2 Bed first floor apartment
Asking Price: £92,500
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6.16%
Comments: Flats in this block are very popular buy to let and with a yield like this who can blame them! Easy access to the A1 and town centre, ideal fora professional couple and the decorating is already done, what else do you need?

Address: 56 Appleton Gate, Newark, NG24 1LR
Type: 2 Bed mid-terrace
Asking Price: £100,000
Estate Agent: William H Brown
Condition: Requires modernisation
Rent Range: £475-525pcm (once modernised)
Yield: 6.3%
Comments: Good area for town, commuters and families although a new kitchen and a carpet cleaner would be well received in 2 bed terrace. Number 46 sold for £115,000 in Feb last year in a better condition so what do we think to the asking price?

Address: 48 Alliance Street, Newark, NG24 1HR
Type: 3 bed semi-detached
Asking Price: £125,000
Estate Agent: William H Brown
Condition: Some work required
Rent Range: £500-550pcm (once modernised)
Yield: 5.28%
Comments: A stones throw from the train station and a short walk into town, the kitchen appears to be camera shy but the property as a whole has potential and it’s perfect for couples that have rug-o-phobia!

Address: 34 Trinity Road, Newark, NG24 4EN
Type: 3 Bed semi-detached
Asking Price: £125,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Well presented spacious family home that’s close to several schools and the leisure centre, Number 31 sold in May for £119,950 and was finished to a lower standard, just need a tenant now!

Buttercross Best Buy
Address: 19 Hayside Avenue, Balderton, Newark, NG24 3GB
Type: 2 Bed semi-detached
Asking Price: £129,995
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Fab little 2 bed house in Balderton with a garage, driveway and enclosed garden, perfect for a couple to move straight into, that is if the missing pictures of the bathroom and kitchen are coincidental and not because they’re that ugly!

Address: 21 Hounsfield Close, Beacon Heights, Newark, NG24 2LR
Type: 2 Bed semi-detached
Asking Price: £129,950
Estate Agent: Alasdair Morrison
Condition: Some modernisation required.
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Great spot for the A1 and Coddington School, the potential is there even with that kitchen but with number 33 selling a year ago for £129,995 in great condition, i would challenge the asking price for sure.

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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