EYES ON…The Investment of The Week in Newark!!

Standard

Here’s my investment property of the week in NG24 for less than £150,000

Address: Stafford Ave, New Balderton, Balderton, Newark NG24 3EG
Type: 3 Bed Mid-Terrace House
Asking Price: £99,950
Estate Agent: William H Brown
Condition: Requires renovation
Rent Range: £525-575pcm (once completed)
Yield: 6.9%

Fantastic opportunity in a cul-de-sac off Hawton Lane on the edge of New Balderton, perfect for a landlord or investor who doesn’t mind getting their hands dirty..or someone else’s! Spacious living accommodation, off road parking and great location for families, once renovated, this property will plenty boxes for potential tenants.

Ideal for as a buy to let, fix and sell or a first time buy, the stylish slate grey windows and door frame would suggest they have been recently fitted so just the inside remains; I’ve found that tenants don’t like downstairs bathrooms or separate bathrooms and toilets, why would you have a sink in a different room?! Aside from the camera shy kitchen, which i will assume isn’t because it’s so stunning the agents didn’t want to make the rest look tired, a lick of on trend grey paint and neutral new flooring throughout will lift the property with ease and give a much warmer feel than magnolia everywhere.

Assuming the kitchen is out of date, cream, grey or black doors give a high end finish for not a lot more than budget beech door fronts and will look great with a light oak effect worktop; save money by just replacing the doors instead of the complete unit. If you fancy the challenge, take a look around and see if you can knock through to make the bathroom and w/c one room!

The last property on Stafford Avenue sold for £124,000 in January with a simple but appealing neutral interior, plenty of off street parking and a low maintenance garden but according to RightMove, only 7 properties have sold on Stafford Avenue since 1997 suggesting people don’t buy to fix up and sell but to stay long term. Number 1 sold in 2016 for £115,000, it was a 3 bedroom mid terrace renovated to a high standard, looking at prices now though there’s no reason after all that work you couldn’t sell it on for £130,000+ depending on the finish.

This will certainly be an investment to keep you busy but isn’t that the fun part? Not to mention nearly 7% isn’t to be scoffed at although agreeably it will take time to make back the money you’ve put into the property but £575pcm is more than achievable, with the way the rental market is going you may even get more! It has been on the market since March and was reduced this week, why not make the most of a rare renovation opportunity and take a look?

If you’re interested in this property 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.

twitterFacebooklinkedingoogle_plusmail

EYES ON…..THIS WEEKS INVESTMENTS IN NEWARK

Standard

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.

twitterFacebooklinkedingoogle_plusmail

EYES ON……THIS WEEKS INVESTMENTS IN NEWARK

Standard

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.

twitterFacebooklinkedingoogle_plusmail

EYES ON…THIS WEEKS INVESTMENTS IN NEWARK

Standard

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:34 Elizabeth Road, Newark, NG24 4NP
Type: 3 Bedroom end terraced
Asking Price: £115,000
Estate Agent: Richard Watkinson
Condition: Needs renovating
Rent Range: £550-575 pcm (after refurbishment)
Yield: 6%
Comments: This needs a lot of work doing to it, not to mention i think it’s way over priced considering number 104 sold just 18 months ago for £95,000 in the exact same condition!!

Address: 4 Top Row, Newark, NG24 2JD
Type: 3 Bedroom mid terrace
Asking Price: £114,950
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: It has nice character features with the brick chimney breasts and log burners but there’s no photos of the bedrooms or bathroom which is a little odd, although it could be a pleasant surprise!

Address: 24 Robert Dukeson Avenue, Newark, NG24 2FF
Type: 2 Bedroom end terrace
Asking Price: £115,000
Estate Agent: Haart
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.48%
Comments: The house is ready to go, the kitchen could do with an update but it’s not essential, it’s in a great spot for schools and commuters so it would suit a range of tenants.

Address: 53 Wolfit Avenue, Balderton, Newark, NG24 3PQ
Type: 3 Bedroom semi-detached
Asking Price: £137,500
Estate Agent: CPG
Condition: Some modernisation required
Rent Range: £550-575 pcm
Yield: 5.02%
Comments: The rooms are a good size but the aging tiles in the bathroom and kitchen let it down, replace those or even just update them with some tile paint and you could see an extra £50pcm.

Address: 9 Byron Close, Newark, NG24 4DX
Type: 3 Bedroom mid terrace
Asking Price: £129,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 5.81%
Comments: Fantastic garden and plenty of off street parking, the property has been given plenty of colour in every room, the lime green bathroom is certainly memorable!

Address:19 Vernon Avenue, Newark, NG24 1PG
Type: 2 Bedroom semi-detached
Asking Price: £126,950
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.19%
Comments: This would be ideal for a professional couple or a small family to move straight in to, it has a garage, parking and neutral decor throughout with a great breakfast kitchen.

Address: 6 Stafford Avenue, New Balderton, Newark, NG24 3DP
Type: 3 Bedroom end terrace
Asking Price: £125,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £550-600 pcm
Yield: 5.76%
Comments: A perfect family home, large enclosed rear garden with a bright kitchen and a good sized living room. You wouldn’t need to do anything to this property, just get a tenant in!

Address: 28 Charles Street, Newark, NG24 1RL
Type: 2 Bedroom mid terrace
Asking Price: £122,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.14%
Comments: The property is in a good location for the academy and isn’t too far from the town centre, it has a bright modern bathroom with a separate corner shower and extra living space in the cellar.

Address: 23 Rutland Avenue, Newark, NG24 4DL
Type: 2 Bedroom semi detached
Asking Price: £110,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.72%
Comments: This house is ready to rent however with a new kitchen and updated fire there is the potential for it let for £560pcm as another property has on the same street.

Buttercross Best Buy
Address: 30 Pierson Street, Newark, NG24 4JG
Type: 3 Bedroom end terrace
Asking Price: £99,950
Estate Agent: Martin and Co
Condition: Some modernisation required
Rent Range: £475-500 pcm
Yield: 6.0%
Comments: On average properties on the street sell for £117,000 and rent for £550pcm, there is potential to achieve this figure if the bedrooms are updated and a fresh coat of paint is put on the walls.

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.

twitterFacebooklinkedingoogle_plusmail

EYES ON……THIS WEEKS INVESTMENTS IN NEWARK

Standard

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: 33 Beech Avenue, Newark, NG24 4DY
Type: 3 Bedroom semi detached house
Asking Price: £127,500
Estate Agent: CPG
Condition: Ready to rent
Rent Range: £575-625 pcm
Yield: 5.88%
Comments: Lovely property throughout, the unique industrial style kitchen gives it a real modern yet homey feel.

Address: 6 Edward Avenue, Newark, NG24 4UZ
Type: 3 Bedroom mid terraced house
Asking Price: £124,950
Estate Agent: Winkworth
Condition: requires some modernisation
Rent Range: £500-550 pcm
Yield: 5.28%
Comments: All the rooms are really good sizes but they could do with a lick of paint and the kitchen could do with an update.

Address: 57 Grove Street, Newark, NG24 3AR
Type: 2 Bedroom mid terraced house
Asking Price: £122,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-550 pcm
Yield: 5.39%
Comments: Looks like a great home that’s been finished to a high standard, it’s just a shame the road is so busy you may struggle to park on it.

Address: 10 New Street, Newark, NG24 1QT
Type: 3 Bedroom semi detached house
Asking Price: £109,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.78%
Comments: It’s in a good town centre location with a good sized modern dining kitchen, the whole house could do with a splash of colour.

Buttercross Best Buy
Address: 11 Vernon Street, Newark, NG24 1PW
Type: 2 Bedroom terraced house
Asking Price: £117,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 5.36%
Comments: This property has the potential to make even more if it has an update throughout, a high standard property on the street let 18 days ago for £575pcm.

Address: The Courtyard, Newark, NG24 4FF
Type: 2 Bedroom second floor apartment
Asking Price: £110,000
Estate Agent: Martin Co
Condition: Ready to rent
Rent Range: £500-525 pcm
Yield: 5.73%
Comments: The property is in a good central location, a new kitchen would make a big difference.

Address: 44 Beacon Hill Road, Newark, NG24 1NU
Type: 2 Bedroom end terraced house
Asking Price: £105,000
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 6%
Comments: Bright character property within short walking distance of Newark North Gate, i’m not sure how i feel about the green lounge.

Address: The Cavalier, Warwick Brewery, Newark, NG24 1TL
Type: 1 Bedroom duplex apartment
Asking Price: £97,500
Estate Agent: Newton Fallowell
Condition: Ready to rent
Rent Range: £475-525 pcm
Yield: 6.46%
Comments: This spacious 1 bedroom apartment is split over 2 floors with a modern kitchen, near the station so great for commuters.

Address: 27 Williams Lane, Fernwood, Newark, NG24 3FN
Type: 2 Bedroom second floor apartment
Asking Price: £92,500
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £450-475 pcm
Yield: 6.16%
Comments: This apartment is located in the ever popular Fernwood development but there is a distinct lack of space.

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.

twitterFacebooklinkedingoogle_plusmail