EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Here’s a look at the latest properties coming to market in Newark. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it, lets see what you think…

Address: 13 Belvoir Road, Balderton, Newark, NG24 3HQ
Asking Price: £135,000
Property Type: 3 Bedroom Semi- Detached House
Estate Agent: Purple Bricks
Condition: Update Required
Rent Range: £600-650pcm (top end once updated)
Yield: 5.77%
Comments: Property is need of an update, particularly the carpet bath and dated kitchen. If i was flipping it then i’d take the wall out to sort out the weird shaped kitchen but that’s a different level! Seems too expensive for what you’re getting.

Address: 16 Baines Avenue, New Balderton, Newark NG24 3BL.
Asking Price: £150,000
Property Type: 2 Bedroom Semi Detached House
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Previously listed with Alasdair Morrison in Dec 18 but clearly no buyers yet. Nice enough house, nothing to pick fault with. Don’t get much for £150k.

Address: MillGate Apartments, Mill Gate, Newark NG24 4TR
Asking Price: £140,000
Property Type: 2 Bedroom Apartment
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.92%
Comments: Well presented apartment converted just over 3 years ago. Good central location and allocated parking for those that commute. SC and GR not stated so i’d double check with Browns.

Address: 2 Mercia Road, Newark NG24 4NA
Asking Price: £140,000
Property Type: 3 Bedroom Semi – Detached House
Estate Agent: William H Brown
Condition: Minor Updates
Rent Range: £575-625pcm (top end once updated)
Yield: 5.36%
Comments: Purchased back in 2006 for £107k, bad advert previously so i can only comment on the kitchen being the same. Last sale was for £122,500 in April 19 in a similar condition but no garage. Dial down the colours and bed 2 looks like it may be ready for a carpet.

Address: 3 Old Mill Crescent, Newark. NG24 2HY
Asking Price: £125,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield : 5.76%
Comments: Seems to be priced well, last 3 bed sold for £124,950 in April 17. Aside from a bit of weeding, it’s ready to go, if i’m being really picky then maybe get rid of the living room wallpaper but it’s not offensive.


Address: Flat 2, 5 Church Walk, Newark, Nottinghamshire, NG24 1JS
Asking Price: £90,000
Property Type: 1 Bedroom First Floor Apartment
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £445-495pcm
Ground Rent: £50 PA
Service Charge: £700 PA
Yield: 6.55% (inc SC and GR)
Comments: Fantastic town centre location, lack of parking is going to put some people off. Ideal for a commuter. Purchased for £94,175 when it was first converted in 2007. Never far from a good coffee either!

So that’s this weeks selection, quite a few reductions so not too much choice. Not really anything worth going for this week but feel free to give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Address: 15 Byron Close, Newark NG24 4DX
Asking Price: Offers Over £140,000
Property Type: 4 Bed Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.79%
Comments: Very well presented property, i’d be half tempted to leave the bold colours and wallpaper and see what the feedback is, it will feel more like a home than a rental. The area can make it harder to let but it’s swings and roundabouts.

Address: 36 Milner Street, Newark NG24 4AA
Asking Price: £140,000
Property Type: 3 Bed Mid Terrace House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent – just garden tlc
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Owned since 2001, looks like it’s been recently “neutralised” for selling purposes, bad cover up of the old fire place and the garden needs some tlc. Good location for families with Barnby Road Academy around the corner.

Address: 32 Bailey Road, Newark, NG24 4EW
Asking Price: £140,000
Property Type: 3 Bed Terrace House
Estate Agent: Newton & Fallowell
Condition: Some Minor Work Required
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Open plan living will appeal to families plus plenty of off street parking. I’d consider changing/removing the wallpaper in the kitchen and certainly the bedroom carpet and wallpaper. #24 sold for £113k in March which was neutral throughout.

Address: 93 Goldstraw Lane, Fernwood. NG24 3FD
Asking Price: £139,950
Property Type: 3 Bed End Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Purchased from new back in 2006 for £121,995, doesn’t appear to have changed in this time. Popular location but those bedrooms are small, more suitable for a couple with occasional guests.

Address: 15 Heron Way, Balderton. NG24 3DD
Asking Price: £135,000
Property Type: 2 Bed Semi Detached House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.11%
Comments: This has been on and off the market a lot over recent years, it’s a popular location but the house or the price isn’t working for people. Check the consumer unit and boiler as these will be getting old now if they’ve not been done yet. Bed 2 wallpaper makes the room feel small.

Address: 77 Hatton Gardens, Newark NG24 4BU
Asking Price: £132,500
Property Type: 2 Bed Terraced House
Estate Agent: Newton & Fallowell
Condition: EPC Too Low to Rent
Rent Range: £545-595pcm
Yield: 5.39%
Comments: Really well presented property and in a nice spot too however, it’s an EPC F so it’s not legal to let. Get yourself a copy of the EPC off the register to see whether you’re able to pay for the required improvements before committing.

Address: 22 Hine Avenue, Newark NG24 2LH
Asking Price: £130,000 – £140,000
Property Type: 2 Bed Semi detached House
Estate Agent: Newton & Fallowell
Condition: Needs some minor updating
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Update the master bedroom and the kitchen tiles if you can justify it. Low maintenance garden and parking are nice additions.

Address: 81 Hawton Lane, New Balderton, Newark. NG24 3DH
Asking Price: £129,950
Property Type: 3 Bed Terraced House
Estate Agent: Alasdair Morrison
Condition: Needs Updating Throughout
Rent Range: £575-625pcm (once completed)
Yield: 5.77% (once completed)
Comments: Property is dated throughout, 3 bed end terrace on Stafford Ave in similar condition sold in May for £115k. This property seems to be very pricey for the size, condition and location.

Address: 12 The Brewhouse, Castle Brewery, Newark NG24 4AF
Asking Price: £120,000-£125,000
Property Type: 2 Bedroom Ground Floor Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent Service Charge: £3500 PA Ground Rent: £125 PA
Rent Range: £625-675pcm
Yield: 6.3% (inc SC and GR)
Comments: Very spacious apartment in a popular location, one parking space can cause issues and the limited parking. Have carried out 3 let only’s for this apartment with families being the most interested due to the size.

Address: 26 Sawyers Close, Newark, NG24 2HF
Asking Price: £110,000
Property Type: 2 Bed Terraced House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6%
Comments: Bought in April 18 for £111,250, nothing to really comment on, a bit vanilla but good size for a couple. Good location for industrial estate access.

EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Here’s a look at the latest properties coming to market in NG24. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 8 Welbeck Avenue, Newark NG24 1NB
Asking Price: £140,000
Property Type: 4 Bed Terrace
Estate Agent: Winkworth
Condition: Update Required
Rent Range: £625-675 pcm (once updated)
Yield: 5.78%
Comments: Last bought in 2013 for £95k, no photos of it at the same but i’m guessing not much has changed, maybe the kitchen cupboards? Cladding and worn carpets need to go. To obtain the top of the rent range suggested, take a look at this rental.

Address: 14 DeCaldwell Drive, Newark NG24 2JB
Asking Price: £145,000
Property Type: 2 Bed Terrace
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £525-575 pcm
Yield: 4.76%
Comments: Most recent 2 bed sale was Jan 17 for £124k, on the smaller side but a good starter investment. It’s a new(ish) build that’s been built within an old council estate, bought for £114,500 in July 14, hasn’t changed since.

Address: 17 Linseed Avenue, Newark NG24 2FL
Asking Price: £130,000
Property Type: 2 Bed Semi Detached
Estate Agent: Purple Bricks
Condition: Minor Changes
Rent Range: £525-575 pcm
Yield: 5.31%
Comments: Just dial down the bold colours to appeal to the most about of potential tenants, overall good little house with a bonus of a double driveway. Check out boiler age and consumer unit so you don’t get stung!

Address: 44 Side Row, Newark NG24 2JB
Asking Price: £130,000
Property Type: 2 Bed Terrace
Estate Agent: Purple Bircks
Condition: Ready to Rent
Rent Range: £500-550 pcm
Yield: 5.08%
Comments: Ready to go with this one, carpets look fairly well kept and decor is okay. The kitchen is a little small so bare that in mind. Only bought in Oct 2018 for £120k, bedroom 1 carpet has changed and both have been decorated.

Address: 7 Barnby Crossing, Newark NG24 2NG
Asking Price: £119,950
Property Type: 2 Bed Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-575 pcm
Yield: 5.75%
Comments: Again, another well presented house which has seen improvements since the current owners bought it in 2014 including taking down the old sun room to make a usable living space. A little out of town and would suit someone after a quieter life.

Address:Linton Close, Farndon, Newark. NG24 4TQ.
Asking Price: £140,000
Property Type: 2 Bed Semi- Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.9%
Comments: Popular village location, nothing really to compare it to price wise. No EPC but would’ve thought it’s above an E, check before purchasing though. Off street parking and great sized garden.

Address: 4 Hilary Way, Balderton, Newark NG24 3PN.
Asking Price: £130,000
Property Type: 3 Bed Semi- Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.76%
Comments: Purchased in Aug 2016 for £125k, no previous photos so unsure of changes, bold kitchen wall may put tenants off, would wait for feedback from viewings. Have been trying to sell since Nov 2018, something to factor in.

Address: 41 Charles Street, Newark, NG24 1RN
Asking Price: £130,000
Property Type: 2 Bed End Terrace
Estate Agent: Jon Brambles
Condition: Update Needed
Rent Range: £550-600pcm (assuming it’s done well)
Yield: 5.53%
Comments: Seems rather pricey for such a date property, #25 sold in Aug 18 for £136,500 and it was spotless. New flooring throughout, kitchen and bathroom ideally too. Would be better to cap off and get rid of the dated gas fires now rather than waiting for them to fail a gas cert. Tenants aren’t keen on bathroom access via a bedroom.

Address: 1 Harrisons Way, Newark NG24 1NS
Asking Price: £130,000
Property Type: 3 Bed Semi- Detached
Estate Agent: Newton Fallowell
Condition: Unknown – no interior photos
Rent Range: £600-650pcm (assuming well presented)
Yield: 6%
Comments: This property was only built 5 years ago so i’m expecting it to be pretty modern. Backs onto the railway line which may put some tenants off. Good central location and off street parking.

Address: 6 Whitfield Street, Newark. NG24 2BT
Asking Price: £120,000
Property Type: 2 Bed Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Very colourful property, great starter with low bills, rent and council tax. Permit Parking great too. The colours may help or hinder it, would be inclined to play it by ear. #64 sold in May for £116k with a beautiful new kitchen and renovated throughout.

Address: 36 Smith Street, Newark, NG24 1RE
Asking Price: £115,000
Property Type: 3 Bed End Terrace
Estate Agent: Yopa
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6%
Comments: Purchased in 2016 for £103k, living areas appear to be unchanged, no pics of bathroom or bedrooms. Low EPC, factor this in as government have discussed putting the minimum band up. Another good starter house, within Barnby Road Academy catchment area too.

Address: Worthington Road, Newark. NG24 3RE
Asking Price: £115,000
Property Type: 1 Bed End Terrace
Estate Agent: Martin & Co.
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.21%
Comments: Not much to compare it to, last 1 bed sold in Jan 17 for £85,500 but naturally the market has changed since then. Good starter property but consider that tenants may grow out of the property quicker than a 2 bed.

Address: 25 Goldstraw Lane, Fernwood, Newark NG24 3FD
Asking Price: £109,950
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £500-550pcm Service Charge: £607.27 PA Ground Rent: £135 PA
Yield: 5.96% (inc SC and GR)
Comments: Purchased in 2005 for £112,950, it would seem the owner sadly bought at the wrong time. The last 2 bed apartment sold for £95k in Aug 17. Fernwood is like marmite but it’s a good sized apartment with the bonus of outdoor space and private entrance too.

Address: 26 Goldstraw Lane, Fernwood, Newark NG24 3FF
Asking Price: £95,000
Property Type: 2 Bed Apartment
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.25% (not including SC and GR as not shown on ad)
Comments: Pretty sure the photos aren’t doing this justice, electric heating throughout so won’t have to pay for gas safety cert + boiler service each year. Can’t see any immediate issues, just a bit vanilla!

Address: 42 The Brewhouse, Castle Brewery, Newark NG24 4AF
Asking Price: £89,950
Property Type: 1 Bedroom Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £425-475pcm Service Charge: £1680 PA Ground Rent: £115 PA
Yield: 6.21% (inc SC and GR)
Comments: Popular development, bit of a pain to sell but very popular as rentals. Single allocated parking space sometimes causes problems and lack of visitor parking. Central location, gym and well kept communal areas make it desirable. Vendors have been trying to sell this for quite some time, it’s been relisted again.

Address: 19 Birch Road, Balderton Newark NG24 3DB
Asking Price: £89,950
Property Type: 1 Bed Cluster House
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6.34%
Comments: Lovely kitchen but cosy throughout, parking and garden popular additions. Worth checking consumer unit on a property of its age, cleverly taken photos hide the charming storage heaters which aren’t overly desirable with tenants. #30 sold in Jan for £76k with an equally lovely kitchen!

So that’s this weeks selection, a couple of lovely properties in here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think.

EYES ON…..THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!

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Another chilly day in Newark and another week of properties to poke around! We’ve got 8 new potential investments this week from £120k to £150k in various styles and locations. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: Clarks Lane, Newark, NG24 2EF
Asking Price: £140,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Good little house, the garage has been removed for additional living space and good spot tenants working at Knowhow and NSK. Just note that properties in this area take longer to rent than others.

Address: 2 Friary Rd, Newark NG24 1LE
Asking Price: £150,000
Property Type: 3 Bedroom Terrace
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 4.76%
Comments: Really well presented house with no work required, lack of parking may put tenants off and the same with the downstairs bathroom. EPC E so bare in mind that regulations may change so you’ll need to spend money.

Address: Warwick Brewery, The Cavalier Building, Newark, NG24 1TL
Asking Price: £135,000
Property Type: 2 Bedroom First Floor Duplex Apartment
Estate Agent: Belvoir!
Condition: Minor Work
Service Charge: TBC
Rent Range: £600-650pcm
Yield: 5.77% (exc service and maintenance charges)
Comments: Popular apartment block, no work required but the electric heating isn’t for everyone. Service and maintenance charges are often around £1k here so check before committing.

Address: 36 Pinfold Lane Balderton, Newark NG24 3LP
Asking Price: £125,000
Property Type: 3 Bedroom Mid Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Minor Work
Rent Range: £525-575pcm
Yield: 5.52%
Comments: A bit vanilla, pretty spacious but just not overly inspiring. Busy road with minimal parking. Lose the blue tiles in the kitchen, paint the woodwork white in the dining room if nowhere else to make it lighter (no window!). Could rent as is for £525pcm but you’ll get better and longer tenants if you spruce it up.

Buttercross Best Buy
Address: 2 Dovedale Terrace, Fernwood, Newark, NG24 3UU
Asking Price: £122,950
Property Type: 2 Bedroom Mid Terrace House
Estate Agent: Newton & Fallowell and Haart
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.61%
Comments: On with two agents, someone’s keen to get rid! They’ve only been in since March last year..hopefully it’s not bad neighbours. Bought for £117,500, it’s not changed aside from the master bedroom; we let the same property style on Rubys Walk last year for £575pcm.

Address: 6 Whitfield Street,Newark NG24 1QX
Asking Price: £120,000
Property Type: 2 Bedroom Terrace
Estate Agent: The Nottingham Estate Agency
Condition: Neutralise!
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Purchased for £109k in 2015, no previous photos of the bathroom but it looks pretty new along with a bit of paint and marvel wallpaper! Big marvel fan but i’d suggest losing it and maybe update those kitchen tiles if you can. Seems cheap, last couple of two beds have sold for £132,500 and £120k in lesser condition.

Address: Apartment 301, The Tankard Building, Warwick Brewery, Newark, NG24 1TL
Asking Price: £130,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Service Charge: £949.24 PA
Maintenance Charge: £100 PA
Rent Range: £600-650pcm
Yield: 5.95%%
Comments: Same as above, popular area and allocated parking. Good location for the train station. Honestly, i think the apartment above has a more appealing layout and is lighter.

Address: Charles Street, Newark, NG24 1RL
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Small! It looks very cramped but that could just be the size of furniture, the kitchen is so small and will put tenants off even though it’s modern. Tone down the wallpaper throughout.

So that’s this weeks selection, a couple of good potentialy investments here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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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!

Buttercross Best Buy
Address: 4 Hardwick Avenue, Newark. NG24 4AW
Asking Price: £135,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.78%
Comments: Whitegates have said £500pcm for this property, okay it has wooden single glazed windows and solid brick walls BUT it is EPC rated ‘D’ so it’s legal to rent, so why SO low? Martin and Co let the house next door for £650pcm with double glazed windows but the same EPC rating, i’d want to know why £500pcm.

Address: 2 Eton Court, Eton Avenue, Newark. NG24 2JB
Asking Price: £145,000
Property Type: 2 Bedroom Detached Bungalow
Estate Agent: Richard Watkinson & Partners
Condition: Update Required
Rent Range: £525-£575pcm (once updated)
Yield: 4.76% (exc refurb costs)
Comments: Located in Hawtonville, rare bungalow opportunity but it’s in need of an update, the carpets are ageing it and the kitchen isn’t helping either. Try changing the unit doors rather than the carcasses to save money. Now Homes have been trying to sell No 5 since May for £149,950, it would appear a lot of Bungalows have been reduced recently on Rightmove.

Address: 62 Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £130,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Winkworth
Condition: Update Required
Rent Range: £625-675pcm (once completed)
Yield: 6.23% (exc refurb costs)
Comments: Plenty of potential and try saving costs by decorating, lifting flooring and changing kitchen unit doors yourself. Main thing is to get the house EPC ‘E’ or above for legality reason then crack on with the cosmetic bits.

Address: Flat 102, The Roundhead Building, Warwick Brewery, Newark, NG24 1TU
Asking Price: Offers over £129.950
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Ground Rent: £100 PA
Management Fee: £1000 PA
Rent Range: £600-650pcm
Yield: 5.95%
Comments: Well presented apartment in a sought after location, last sale was a 3 Bed in Sep 2017 for £138,500 so the price seems fair. Low EPC and electric heating may put potential tenants off.

Address: 35 Stafford Avenue, Balderton, Newark NG24
Asking Price: £115,000
Property Type: 3 Bedroom Semi Detached
Estate Agent: Alasdair Morrison
Condition: No photos to see
Rent Range: £525-575pcm
Yield: 6% (exc any potential work)
Comments: Pretty useless ad but i’ve done some digging and it turns out this is currently at HMO (house of multiple occupancy)! The blue kitchen cabinets are…different, seen worse but it’s likely you’ll need to spend money to make it a family home again.

Address: Mill Green, Newark. NG24 2HU
Asking Price: £110,000
Property Type: 3 bedroom terraced house
Estate Agent: Castlegate and Martin & Co.
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: On with two agents, Martin and Co have had it a week longer. Interesting bathroom and kitchen tiles but i’ve seen bolder!! The small living area often lets these properties down when finding a tenant.

Address: 184 Barnby Gate, Newark, NG24 1RH
Asking Price: £110,000
Property Type: 3 Bedroom Terrace
Estate Agent: Purple Bricks
Condition: Some Updates Required
Rent Range: £500-550pcm
Yield: 6%
Comments: Good kitchen and bathroom so the biggest battle is already done. Pull up those bold carpets and go for ‘character’ by leaving the floorboards exposed underneath, very quaint. Check the age of the boiler so you don’t get caught out.

Address: Goldstraw Lane, Fernwood. NG24 3FF
Asking Price: £85,000
Property Type: 2 bedroom apartment
Estate Agent: Martin & Co.
Condition: Ready to Rent
Ground Rent: £135 PA
Maintenance Charge: £1252.45 PA
Rent Range: £500-550pcm
Yield: 7.63%
Comments: Great first investment, modern apartment with the bonus of an en-suite AND bathroom, we let the same style of apartment on Youngs Avenue earlier this year for £550pcm. No 46 sold in Dec 2017 for £87k with the same condition and layout.

A good selection of properties, makes a nice change! 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 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: 41 smith street, Balderton, Newark, NG24 3BA
Asking Price: £109,950
Property Type: 2 Bed Mid-Terraced
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.0%
Comments: Well presented property with low running costs, good property for a couple or family on a budget. Current owners purchased it for £97,000 in June 2016 and aside from a couple of colour changes, it’s not changed since then.

Address: 8 Harrisons Way, Newark, NG24 1NS
Asking Price: £150,000
Property Type: 3 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: First purchased brand new in July 2013 for £121k, ideal first time investment as maintenance costs are going to be low and no work is required. It’s a 2 and a half bedroom so is likely to attract a professional couple as that small garden may put families off.

Address: 36 Kingsnorth Close, Newark, NG24 1PS
Asking Price: £134,950
Property Type: 3 Bed Semi Detached
Estate Agent: New home Agents
Condition: Unknown
Rent Range: £575-625pcm (assuming good condition)
Yield: 5.56%
Comments: from looking at floorplans of similar properties, it’s a good sized family home however it’s hard to say how much work is required as it seems to be camera shy. Could be worth though as it’s priced well for a quick sale.

Address: 2 Century St, Newark, NG24 1QP
Asking Price: £125,000
Property Type: 3 Bed Mid-Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Popular location for families with Barnby Road Academy just round the corner; an immaculately presented #7 sold in Feb 2018 for £115,000 with a rear extension, i’m not sure why this house is £10k more?

Address: 84 North Gate, Newark, NG24 1HF
Asking Price: £110,000 (Auction Guide Price)
Property Type: 3 Bed Detached House
Estate Agent: J H Walter
Condition: Finishing touches Required
Rent Range: £600-650pcm
Yield: 7.09%
Comments: Love a character property (especially those beams!) however the lack of parking and a car garage as your neighbour may put potential tenants off. Work wise, carpets need laying in a few of the rooms and you’ll need to get an EPC done and hope that it’s at least an ‘E’ before you can let it out.

Address: 13 Newnham Rd, Newark, NG24 1HY
Asking Price: £99,950
Property Type: 2 Bed End Terrace
Estate Agent: Jon Brambles
Condition: Light Work Required
Rent Range: £450-500pcm
Yield: 6%
Comments: Unusual choice to put kitchen units in the dining room but whatever works, I’d loose the units and update that kitchen (eek!) but after that the rest of property can be left alone. Good budget property for first time renters.

Address: Ringrose Close, Newark, NG24 2JL
Property Type: 2 Bed Semi Detached
Asking Price: £135,000
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.90%
Comments: Good first time investment due to minimal upkeep although i’m unsure on that asking price but the last 2 bed sold in 2014. We recently let #56 for £550pcm and i don’t feel this is worth any more so if you want more yield you don’t to get negotiating!

Buttercross Best Buy
Address: Flat 2, The Old Chapel, Lovers Lane, NG24 1HU
Property Type: 1 Bed First Floor Flat
Asking Price: £45,000 (Auction Guide Price)
Estate Agent: Auction House
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 12% (not including service charges)
Comments: Fantastic little apartment for a first time investor, we recently let #4 for £450pcm and would say the same for this one. Close to town and the train station..#GoForIt!

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 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: Lilac Cottage, 21 Balderton Lane, Coddington, Newark, NG24 2QD
Asking Price: £150,000
Property Type: 2 Bed Semi-detached Cottage
Estate Agent: Alasdair Morrison
Condition: Unknown
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Rent range is based on the property being in good condition throughout, the lack of photos makes things a little difficult! Coddington is a desirable area and character properties are often popular, only downside is the EPC rating at an E, it’s legal to rent but tenants don’t like paying over the odds on utilities.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £129,950
Property Type: 3 Bed Mid Terrace
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: A stones throw from Barnby Road Academy and close to town centre with a lovely kitchen, this house is well presented but a little expensive. The last 3 bed sold in August 2017 for £112,000 with an open kitchen/diner although agreeable the kitchen isn’t as nice!

Address: 36 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £125,000
Property Type: 2 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Low council tax band, reasonable epc rating and an affordable rental price, this property is ideal for a couple or small family and the investor doesn’t need to do any updating (at first glance anyway!). The last 2 bed was a mid terrace and sold for £115,000 in Feb this year however some rooms required new carpets or redecorating.

Buttercross Best Buy Ready to Rent
Address: 9 North Gate, Newark, NG24 1EX
Asking Price: £125,000
Property Type: 3 Bed End of Terrace
Estate Agent: Springbok Properties, Nationwide
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Very well presented property, especially the lovely kitchen/living room. These properties aren’t overly deep but they are tall with surprisingly spacious bedrooms, we manage number 11 next door which is in a similar condition for £600pcm; the only negative we found was the lack of parking everywhere but you can’t please everyone!

Buttercross Best Buy Fixer Upper
Address: 2 Belvoir Road, Balderton, Newark, NG24 3HQ
Asking Price: £120,000
Property Type: 3 Bed Semi-detached
Estate Agent: Newton Fallowell
Condition: Modernisation Required
Rent Range: £575-625pcm (once updated)
Yield: 5.88% (based on £7.5k spend)
Comments: Good one for those that want a fixer upper, this dated house with a fantastic garden needs new a kitchen and bathroom along with flooring and ideally redecorating; the magnolia could stay downstairs to reduce costs but the bedrooms could do with being a little more neutral. Barely anything sells on this street so it’s hard to judge the price?!

Address: 66 Cross Street, Newark, NG24 1NZ
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Purple Bricks
Condition: Would benefit from some modernisation
Rent Range: £450-500pcm
Yield: 5.22%
Comments: This property could be let as it is and expect the current rent range or money could be spent on changing the kitchen and little things like changing the dated gas fire, loosing the dark wood throughout and the floral paper and potentially get £500-525pcm.

Address: 113 Balderton Gate, Newark, NG24 1RY
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.96%
Comments: Well presented cosy little house close to town centre, these houses are small but perfectly formed! This one is ready to go and would be ideal for a singleton or couple but for something so small, i’m not sure it’s priced right?

So would pick a #FixerUpper or #ReadyToRent? 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 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….The Investment Property Of The Week…..

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

Address: The Courtyard, Castle Brewery, NG24 4FF
Type: 2 Bedroom First Floor Apartment
Asking Price: Offers in the Region of £115,000
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £525-575pcm (once completed)
Yield: 6%

Located in the very sought after Castle Brewery development, this first floor apartment is perfect for someone looking for modern, professional accommodation with the added bonus of allocated parking and in house gym access, ideal for a working couple! With Albert Street and Asda on one side and Iceland and the cinema on the other within just a couple of minutes walk, tenants will never be too far from the local amenities; it’s close enough to Newark Castle to be able to walk to the station yet far enough out of the centre to go straight to the A1/A46 down London Road.

We recently let out a 2 bed first floor flat in The Courtyard without a juliette balcony but with a recently renovated bathroom for £600pcm and we had no end of enquiries from both couples and single professionals; there is nothing wrong with the current bathroom, it’s just very vanilla, however if you wanted to reach £600pcm then some beautiful floor to ceiling tiles along with a modern bath panel and shower screen would certainly get you there.

Apartments don’t come up for sale in the Courtyard very often, particularly 2 bedroom ones, the last one sold in 2014 for £106,500 with the last 1 bed selling in 2015 for £85,000 however prior to that was a penthouse 1 bed with a balcony that for £124,000 in 2015 so do you think the price is right? Higher or Lower?!

In conclusion, i think this is a great apartment that would tick the boxes for many professional people, £600pcm for a modern apartment with parking, gym access and good connections for trains and cars. From an investors perspective this would be ideal for a first time investor or an established one, it requires very little maintenance or work as the bathroom update is just a suggestion, the question is….will you be booking a viewing?

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.

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