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: 29 Milner Street, Newark, NG24 4AA
Type: 3 Bed mid-terrace
Asking Price: £150,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Lovely house just a short distance from town centre and Newark Castle Station ready for a family to move straight in, the last 3 bed was sold for £140,000 in Feb 2016.

Address: 6 Rowan Way, New Balderton, Newark, NG24 3AU
Type: 2 Bed ground floor flat
Asking Price: £95,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6%
Comments: Great little ground floor flat with a private garden, shed and conservatory, perfect as a first home for a couple. The carpets might not be the nicest but for the money and living space you can’t really complain!

Address: 2 Stafford Avenue, Newark, NG24 3DP
Type: 3 Bed mid-terrace
Asking Price: £99,950
Estate Agent: YOPA
Condition: Refurbishment required
Rent Range: £500-550pcm (once refurbished)
Yield: 6.6%
Comments: Some TLC required! No photos of the 1st floor, ripped kitchen floor and a tatty lounge, it’s not looking great however there plenty of potential; in a great area for schools and the new leisure centre, £10-£15k would make this house a fantastic family home.

Address: 23 Gopher Road, Newark, NG24 4HH
Type: 3 Bed semi-detached
Asking Price: £146,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.7%
Comments: Perfect family home within Holy Trinity catchment area, purple kitchen and pink bedrooms might not be to everyone’s taste but you can’t fault a family sized kitchen and garden.

Address: 40 Fairfax Avenue, Newark, NG24 4PQ
Type: 3 Bed semi-detached
Asking Price: £137,500
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.2%
Comments: Advertised as a 4 bed although i’m not sure a dining room classes as a bedroom. The last 3 bed sold in Jan 17 for £114,000, the upstairs is a little camera shy making it hard to compare! what’s it hiding?

Buttercross Best Buy
Address: 14 Lincoln Street, Newark, NG24 1HP
Type: 2 Bed mid-terrace
Asking Price: £114,950
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.7%
Comments: Ideal first time investor property, ready to rent with very little maintenance required, the last 2 bed sold in Oct 2015 for £84k, not a patch on this one but you decide if the price is right!

Address: 20b Eton Avenue, Newark, NG24 4JB
Type: 2 Bed semi-detached bungalow
Asking Price: £115,000
Estate Agent: Newton Fallowell
Condition: Refurbishment required
Rent Range: £525-575pcm (once refurbished)
Yield: 6%
Comments: A rare opportunity, rental bungalows are few and far between but often desirable, particularly with older couples for accessibility. Spend £5k on decorating and a kitchen and you should have a tenant in no time!

Address: 64 William Street, Newark, NG24 1QS
Type: 3 Bed end of terrace
Asking Price: £135,000
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.9%
Comments: Great town centre location and just a short distance to both train stations, modern kitchen and bathroom but can’t judge it on much else although the last 3 bed sold for £103,000 in Sept a little worse than this.

Address: 188 Grange Road, Newark, NG24 4PP
Type: 3 Bed semi-detached
Asking Price: £134,950
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.1%
Comments: Spacious family property close to local amenities, the lounge requires new flooring but that aside it’s just waiting for a tenant. The last sale in Jan went for £145,000 in a similar condition, hard to argue with that!

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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