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: 10 Clarke Avenue, Newark, NG24 4NY
Type: 3 Bedroom semi-detached
Asking Price: £140,000
Estate Agent: Richard Watkinson
Condition: Ready to rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Recently renovated to a very good standard and a new ground floor extension added to the rear, it’s quite obvious they’ve spent a lot of money on the property; Whether it justifies the price considering Number 39 was sold in August for £110,000 it is up to you to decide.

Address: Parsons Close, Fernwood, Newark, NG24 3UX
Type: 1 Bedroom quarter house
Asking Price: £92,000
Estate Agent: Martin and Co
Condition: Ready to rent
Rent Range: £375-425pcm
Yield: 5.54%
Comments: Located on the popular Fernwood development with allocated parking, this size property would be ideal for a couple however without any photos it’s impossible to know what it’s like inside!

Address: 55 Appleton Gate, Newark, NG24 1LN
Type: 2 Bedroom end terrace
Asking Price: £120,000
Estate Agent: Jon Brambles
Condition: Ready to rent – apart from the kitchen!
Rent Range: £525-550pcm
Yield: 5.5%
Comments: Good location for the train station and town centre, the property is neutrally decorated until you get to the kitchen which has different colour cupboards, tiles and splash back that i know i wouldn’t want.

Buttercross Best Buy
Address: 120 Winthorpe Road, Newark, NG24 2AX
Type: 3 Bedroom semi-detached
Asking Price: £139,950
Estate Agent: JHW Home
Condition: Ready to rent
Rent Range: £625-675pcm
Yield: 5.78%
Comments: Properties like this one on the street don’t appear on the market very often, it’s in a great location for the A1/A46 and would suit most types of tenant, however the shower unit could do with coming out of the bathroom and replacing it with a bath and an overhead shower as it will appeal to more tenants.

Address: 103 Elizabeth Road, Newark, Nottinghamshire, NG24 4NR
Type: 3 Bedroom semi detached
Asking Price: £134,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £625-675pcm
Yield: 6%
Comments: The owners have clearly spent a lot of money on the property, it was bought 2 years for £37k less than the current asking price so it looks like there hard work has paid off. Great property for a family with plenty of living space and a large enclosed rear garden.

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

Standard

This weeks round up of new properties for sale in NG24, up to a value of £150,000.

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

Address: Apple Tree Close, Newark
Type: 2 Bedroom Ground Floor Apartment
Asking Price: £85,000
Estate Agent: Newton Fallowell
Condition: Modern
Rent Range: £450-475 pcm
Yield: 6.71%
Comments: Ideal for table football fans.

Address: 2 Century Street, Newark, NG24 1QP
Type: 3 Bedroom Mid Terraced House
Asking Price: £94,950
Estate Agent: Richard Watkinson
Condition: Tired and needs some work.
Rent Range: £500-550 pcm
Yield: 6.95%
Comments: They’ve embraced the feature wall. 2 bathrooms are a bonus.

Address: Johnsons Road, Fernwood
Type: 2 Bedroom Second Floor Apartment
Asking Price: £108,995
Estate Agent: Martin & Co
Condition: Ready to rent
Rent Range: £475-500 pcm
Yield: 5.50%
Comments: 2 bed apartment for the price of a 2 bed townhouse.

Address: 15 Wetsyke Lane, Balderton, NG24 3NY
Type: 3 Bed Semi Detached House
Asking Price: £123,500
Estate Agent: JHW Home
Condition: Needs modernising
Rent Range: £650-700 pcm
Yield: 6.80%
Comments: 3 bed homes in Balderton are in short supply. Please change the fire surround.

Address: 27 Staunton Road, Newark, NG24
Type: 3 Bed Semi Detached House
Asking Price: £124,950
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 6.00%
Comments: Recently renovated with a lack of imagination. Needs some life. Typical rental standard.

Address: 9 The Gateway, Newark, NG24 1TZ
Type: 2 Bedroom Coach House
Asking Price: £125,000
Estate Agent: Kirkland & Lane
Condition: Ready to rent
Rent Range: £525-575 pcm
Yield: 5.52%
Comments: Quirky living spaces often appeal to tenants.

Address: 2 Jallands Row, Newark, NG24 1JU
Type: 2 Up, 2 Down Terraced House
Asking Price: £145,000
Estate Agent: Winkworth
Condition: Typical character property
Rent Range: £475-525 pcm
Yield: 4.34%
Comments: Great location for the town centre. Lovely green street.

Buttercross Best Buy
Address: 3 Lincoln Road, Newark, NG24 2BU
Type: 3 Bed Semi Detached House
Asking Price: £145,000
Estate Agent: Richard Watkinson
Condition: Polystyrene tiles on the wall, need I say more?
Rent Range: £750-800 pcm
Yield: 6.62%
Comments: Requires a complete refurbishment and depending on the purchase price, could make an excellent flip opportunity.

If you’ve seen a property in 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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