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

Standard

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: 66 Eton Avenue, Newark, NG24 4JF
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Well presented three bed on the edge of hawtonville, modern throughout so no cosmetic work required for the foreseeable. The last sale was number 60 in June 2017 for £140,000 with some tlc required so this price seems pretty fair.

Address:7 Clayton Close, Newark, NG24 4HN
Asking Price: £135,000
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Winkworth
Condition: Unknown
Rent Range: £525-575pcm (if in good condition)
Yield: 5.1%
Comments: Previous sale was in March 2017 for £135,000, the bungalow needed updating throughout so the fact that this is similarly priced would suggest that it’s probably in the same condition and there’s no EPC either to give anything away. We’re always being asked for Bungalows but they’re so rare on the rental market, dare to be different?

Buttercross Best Buy
Address: 23 Birch Road, New Balderton, Newark, NG24 3DB
Asking Price: £130,000
Property Type: 2 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Immaculately presented house with no work required at all thanks to the fantastic job the vendors have done, properties around balderton lake are desirable and would an ideal first time investment. EPC and council tax are reasonable but not the cheapest so consider that for your prospective tenants.

Address: 20 Wright Street, Newark, NG24 1PJ
Asking Price: £117,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Another great looking property with a fair price tag, the last sale two sales on the street last year were for £99,000 in good condition and £80,000 that needed some tlc. Terrace streets aren’t for all tenants due to potential noisy neighbours and lack of parking, no-one wants to carry there shopping from the other end of the street!

Address: 38 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: Currently paying £425pcm – would suggest £450-500pcm
Yield: currently 4.64% – could obtain 5.45% if £500pcm is achieved
Comments: Small but perfectly formed AND already tenanted, personally i think the current rent is too low but you have to consider that putting the rent up may cause the current tenants to leave so is it worth the void period?

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 INVESTMENT PROPERTIES IN NEWARK!!!

Standard

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: 7 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Some work required – kitchen needs updating
Rent Range: £575-625pcm
Yield: 5%
Comments: Purchased in 2008 for £125,000, this 3 bed was one of the highest sales at the time and even though it hasn’t changed since then, it would appear to be overpriced looking at other previous sales. Number 8 sold in Aug 2017 following a complete renovation for £132,000 and was the highest sale on the street so far!

Address: Wolfit Avenue, Balderton, Newark, NG24 3PH
Asking Price: £142,500
Property Type: 3 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Some work required – kitchen needs updating + possibly bathroom.
Rent Range: £575-625pcm
Yield: 5.26%
Comments: Good sized family home in a good location, the kitchen is a great size but really needs updating and i’m to hazard a guess and say that the camera shy bathroom is also likely to need an update. Once these improvements have been done, dependant on the level you could look at £625-675pcm.

Address: 29 Centenary Close, Balderton, Newark, NG24 3FE
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: The last 2 bed on the street sold for £115,000 after being renovated throughout in June 2017 with off street parking and was a semi rather than mid terrace; the last 3 bed sold was another semi in Sept in a similar condition to 29 for £133,000 with off street parking, why is this so much?

Address: Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Whitegates
Condition: Already Tenanted
Rent Range: £475pcm currently obtained
Yield: 5.18%
Comments: Investment property so no need to worry about void periods, it appears to be a small property in an average condition so rental price seems fair. There’s currently no epc so if it comes back below an E and the tenant isn’t in a fixed term, then you need to spend to money to get it there or you can be fined.

Buttercross Best Buy
Address: Parsons Close, Fernwood, Newark, NG24 3UX
Asking Price: £127,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.65%
Comments: Ideal first time investment, modern house with no initial work required in a popular area so it shouldn’t take long to get a tenant, perfect for keeping those void periods as short as possible. Last sale was on Dovedale Terrace on January 2017 for £115,500, the exact same layout and condition but no garage.

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 INVESTMENT PROPERTIES IN NEWARK!!!!

Standard

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.

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 although we’ve had another week with more reductions than newbies with 5 new and 6 reduced.

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

Address: The Twitchell, Newark, NG24 4NU
Asking Price: £145,000
Property Type: 3 Bed Semi-detached
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.96%
Comments: Lovely kitchen and bathroom with the rest of the property following suit, last similar sized property sold on Grange Road in Feb for £140,000 although it was finished to a higher standard.

Address: 38 Pierson Street, Newark, NG24 4JG
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: Winkworth
Condition: Ready to Rent (ish)
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Another property in the same area with a great kitchen, the rest of this property is little more vibrate so to appeal to more tenants i’d tone it down to light grey, cream or mink…just not magnolia!!

Address: 45 Barnby Gate, Newark, NG24 1QD
Asking Price: £125,000
Property Type: 3 Bed Mid-terrace
Estate Agent: Richard Watkinson
Condition: Modernisation Required
Rent Range: £500-550pcm (after a basic refurb)
Yield: 5.28%
Comments: Only 4 sales on this street in the last 10 years, this dated property needs some tlc and that lift removing, it might be a USP but it’s a common request from tenants.

Buttercross Best Buy
Address: 8 Wright Street, Newark, NG24
Asking Price: £110,000
Property Type: 2 Bed Mid-terrace
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6%
Comments: Number 14 sold in June for £99k in a similar condition, great budget property for both the landlord and the tenant. EPC is just an E so it’s suitable for rental purposes for the foreseeable future.

Address: 7 Boundary Court, Boundary Road, Newark, NG24 4EA
Asking Price: £72,950
Service Charge: approx £900 PA – inc buildings insurance and ground rent.
Property Type: 2 Bed Ground floor Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 7.31% (inc service charge)
Comments: Well presented flat for cash buyers only as the lease runs out in 66 years, ideally get the lease extended before you buy it but if not i recommend you extend it afterwards otherwise resale will become very restricting.

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 although we’ve had another week with more reductions than newbies with 7 new and 8 reduced.

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

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £147,500
Property Type: 2 Bed end of terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Lovely looking home and great if want something low maintenance, only downside is the asking price as you just won’t achieve the rental value you need to get a half decent yield.

Address: Simpson Close, Balderton, Newark, NG24 3RD
Asking Price: £149,000
Property Type: 3 Bed mid terrace
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.03%
Comments: Another one that’s ready to go with a fab kitchen diner, last sale was September 2017 for £135,000 which was a 3 bed semi but without a conservatory and needed an update.

Address: kingsnorth Close, Newark, NG24 1PS
Asking Price: £140,000
Property Type: 3 Bed semi detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Good sized family home with a desirable addition of off street parking and a garage along solar panels which are owned outright; the last sale was June 2017 for £140,000.

Address: Devon Road, Newark, NG24 4JP
Asking Price: £140,000
Property Type: 3 Bed semi detached
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Spacious accomodation with a good epc rating and can be rented as is or you can always update the kitchen for a slightly higher rent pcm.

Address: Centenary Close, Newark, NG24 3FE
Asking Price: £130,000
Property Type: 2 Bed semi detached
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Fantastic first time investment, upkeep is minimal and tenants are going to love the fresh, modern look these owners have achieved and there’s parking too.

Address: Broughton Drive, Newark, NG24 4PX
Asking Price: £125,000
Property Type: 2 Bed semi detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Number 35 sold in September for £118,000 in similar condition; low rent and cheap running costs make this ideal rental, this property has no chain so you’ll be finding a tenant in no time.

Buttercross Best Buy
Address: King Sconce Avenue, Newark, NG24 1FX
Asking Price: £140,000
Property Type: 2 Bed semi detached
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Ideal first time investment, no work required and another 2 bed on the street is currently under offer for £135,000 so see what you can do.

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 although we’ve started the new year with just 5 new properties but 10 reductions!

Address: 50 Cardinal Hinsley Close, Newark NG24 4NQ
Asking Price: £150,000
Property Type: 3 Bed semi-detached
Estate Agent: April King
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Fantastic curb appeal and it’s well presented throughout, i’d lose the built in storage in the second bedroom as there’s a lot of it and a family would lose a double bedroom. Price seems a little adventurous for the area.

Address: 7 Clarks Lane, Newark, NG24 2EF
Asking Price: £130,000
Property Type: 2 Bed mid terrace
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Last sold in August for £80,914, previous listing states a modern home with no mention of work required but no photos; the property has never been sold for more than £97,000 so why £130,000?

Address: 47 Nelson Road, New Balderton, Newark, NG24 3EL
Asking Price: £130,000
Property Type: 2 Bed semi-detached
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Great location and condition, an ideal first investment aside from the asking price, £10k less and you’ll have a great yield and property.

Address: 44 Smith Street, New Balderton, Newark, NG24 3BA
Asking Price: £119,950
Property Type: 2 Bed mid terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: The last 2 bed sold for £102,000 in October and a spotless 3 bed sold in September for £117,500 but in this case one less bedroom will cost you more? There’s no EPC yet so factor that in before you buy.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bed second floor flat
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.6%
Comments: Haart haven’t disclosed the service charge or ground rent so be sure to at the lease before purchasing. This aside, another great first time investment for a good price and with a good epc rating.

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 although i have to say, i’m looking forward to a fresh new bunch in the new year!

Address: 9 St Augustines Close, Newark, Nottinghamshire, NG24 1SY
Asking Price: £145,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Richard Watkinson
Condition: Some Modernisation Required
Rent Range: £600-650pcm (after work)
Yield: 5.38%
Comments: Unusual USP’s with this terrace, a garage, driveway and a sink in the bedroom! Modernise some of the dated features and check that EPC as it’s not been rated yet. Number 4 sold in Jan 2016 for £125,000 with a brighter finish.

Address: 216 London Road, Balderton, NEWARK, NG24 3HD
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: William H Brown
Condition: Full Refurbishment Required
Rent Range: £600-650pcm (after work)
Yield: 5.57%
Comments: Another terrace with garage and a driveway except this one needs much more work, it’s suffering with damp which isn’t helped by the solid walls so keep an eye on that. EPC checks out but it’s scraped an E..would you pay £140,000 for this?

Buttercross Best Buy
Address: 10 Philip Road, Newark, NG24 4LX
Asking Price: £112,500
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.87%
Comments: Great first time investment, neutral and well present with no work required. Number 19 sold in September with a conservatory for £125,000.

Address: 29 Edward Avenue, Newark, NG24 4UZ
Asking Price: £92,500
Property Type: 1 Bed Town House
Estate Agent: Winkworth
Condition: Some Modernisation Required
Rent Range: £400-450pcm (After work)
Yield: 5.84%
Comments: Generally a great property, the kitchen and utility could really do with an update even if it’s just the doors fronts and it’s a camera shy bathroom. No EPC so wait for that before committing.

Address: 27 Bromley Avenue, Newark, NG24 4DS
Asking Price: £125,000
Property Type: 2 Bed Semi Detached
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Another one without an EPC, last 2 bed sold was this one 10 years ago for £115,000. Property is ready to go, more could be done with garden but it’s certainly not offensive, just need a tenant.

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 Investment Properties 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: 2 Stafford Avenue, Balderton, NG24 3DP
Asking Price: £129,950
Estate Agent: Winkworth
Condition: Ready to rent
Rent Range: £575-625pcm
Yield: 5.77%
Comments: After making this property of the week back in August, it’s great to see it’s been renovated very well. Loving the disco lights for the kitchen. Number 6 sold in January 2017 for £124,000.

Address: Linden Avenue, Newark, NG24 3AT
Asking Price: £90,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £425-450pcm
Yield: 6%
Comments: Well kept and comes with a garage and garden. Also comes with a lease less than 70 years which means it will not be mortgageable and you’ll have problems selling it in future. This needs to be sorted before buying or you’re taking a huge risk.

Address: John Gold Avenue, Newark, NG24 1RU
Asking Price: £90,000
Estate Agent: Jon Brambles
Condition: Ready to rent
Rent Range: £500-525pcm
Yield: 7%
Comments: Another two bed apartment from Jon Brambles but this time with an acceptable lease length.

Address: 8, Oliver Close, Newark, NG24 1RS
Asking Price: £117,000
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Recently renovated, ready to be tenanted and a great first time investment, number 7 sold in July 2017 for £112,000.

Address: 18 Beacon Hill Road, Newark, NG24 1NU
Asking Price: £142,950
Estate Agent: Haart
Condition: Refurbishment Required
Rent Range: £600-650pcm (after refurb)
Yield: 5.46%
Comments: Get your sleeves rolled up and get the paint out! Just dull down those bright colours, change those crazy carpets and sort out a swanky new kitchen…sorted!

Address: Mill Gate, Newark, NG24 4TR
Asking Price: £85,000
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 6.35%
Comments: Great, centrally located refurbished apartment with a bonus integrated garage. Service Charges and Ground Rent tbc, 67 year lease with the option to extend.

Address: Clumber Avenue, Newark, NG24 4DT
Asking Price: £132,950
Estate Agent: Haart
Condition: Light work required
Rent Range: £575-625pcm (after work)
Yield: 5.64%
Comments: Lots of space and only a small amount of work needed, tiles and kitchen units could do with an update and maybe dial down the really bright colours but you’ll need to get it above an ‘F’ before you can let it.

Address: Cromwell Road, Newark, NG24 1RP
Asking Price: £107,000
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.61%
Comments: Aside from the sketchy photo quality, the property is ready to go, a 2 bed just 2 streets away sold in Oct 2017 for £96,000 in similar condition.

Address: Kings Road, Newark, NG24 1HB
Asking Price: £85,000
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £400-450pcm (once refurbed)
Yield: 6.35%
Comments: Get some new carpets in and a fresh coat of paint throughout, lose the dated kitchen and curtains and you’ll be well on your way to a desirable rental property.

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 INVESTMENT PROPERTIES 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: Heron Way, Balderton, NG24 3DD
Asking Price: £150,000
Property Type: 3 Bed semi detached
Estate Agent: Jon Brambles
Condition: Some updating required
Rent Range: £575-625pcm
Yield: 5%
Comments: Lovely property in a great location with those magic 3 bedrooms, it would make a fantastic rental property with it’s low council tax banding and EPC ‘B’ making it cheap to run and appealing for tenants to run. Sadly the price is just too high for it to get a half decent yield, and that’s before you’ve updated the bedrooms and decorated the kitchen as the wallpaper isn’t overly easy on the eyes.

Address: The Tankard Building, Warwick Brewery, Newark, NG24 1TX
Asking Price: £140,000
Property Type: 2 Bedroom first floor apartment
Estate Agent: Newton Fallowell
Ground Rent: £100pa
Maintenance Charges: £1,131.74pa
Condition: Spotless although EPC too low – work required
Rent Range: £645-695pcm
Yield: 5.9%
Comments: Great character property with modern finishes, Warwick Brewery is an extremely popular development down to it’s location, finish and parking which is why you can charge nearly £700pcm for a 2 bedroom apartment. Sadly this apartment’s EPC rating is ‘F’ which could explain why the vendor is selling it as it was a rental property and as of April 2018, you won’t be able to start a new tenancy.

Address: 153 BarnbyGate, Newark, NG24 1RJ
Asking Price: £129,950
Property Type: 2 Bedroom Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Such a quirky little property just a short walk to town and Barnby Road Academy, perfect for a couple or small family that love a bit of character and fancy something a bit different. The EPC is pending so be sure to find out whether any work is required to get it up to date for April.

Address: George Street, Newark, NG24 1LU
Asking Price: £125,000
Property Type: 2 Bedroom end of terrace
Estate Agent: William H Brown
Condition: Light redecoration
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Ideally located between town centre and North Gate station, within in 1/4 mile of the property in the last 6 months, 3 terraces of a similar style sold for £100k, £110k and £116k (3 bed) so this could be a little high but it’s your call. Property itself is pretty well presented, the busy wallpaper in the kitchen matched with the colourful tiles may be a bit much for some and the dark wood doors can be cheaply replaced.

Address: 8 Bridge Cottages, Newark, NG24 2ND
Asking Price: £112,500
Property Type: 2 Bedroom mid terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.33%
Comments: Perfect budget friendly property in close proximity to Barnby Road Academy, ideal for a young family. There is plenty you could do this property to make it a £600pcm investment but there is the option to keep it as it is if you don’t want to spend money straight away; just hang on until the EPC comes through as you may be spending more than you expected!

Buttercross Best Buy
Address: Newnham Rd, Newark NG24 1HY
Guide Price: £35,000
Property Type: 3 Bedroom end of terrace
Estate Agent: SDL Auctions
Condition: Complete renovation required.
Rent Range: £525-575pcm (once renovated)
Yield: 10.61% (based on £30k spend)
Comments: Fantastic opportunity but not for the faint of heart! Perfect for an investor or first time buyer that doesn’t mind getting their hands dirty, quite a busy and tight street but it’s very close to the town centre, industrial estate and great access to the A1/A46. So will you be heading to the auction house?

Address: Chain Lane, Newark, NG24 1AU
Guide Price: £129,500
Property Type: 2 Bedroom second floor apartment
Estate Agent: Gascoines
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: An unusual opportunity for a generous two bedroom apartment smack bang in the middle of town, ideal mid week home for a commuter. There’s a contemporary but smaller apartment currently on the market for £575pcm above Natwest Bank, this property has oodles of space and is still modern but more of a cosy finish thanks to the beams and colour scheme.

Address: 7 Century Street, Newark, NG24 1QP
Guide Price: £115,000
Property Type: 2 Bed mid terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Immaculately presented home that is sure to please a lot of tenants, purchase in January for £90k, this property has been completely renovated from top to bottom aside from the kitchen units and tops and is unrecognisable in comparison. Only downside is that it’s an adopted road so the council won’t be maintaining it but if you can look past that it’s a great first time investment.

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: 1 Newton Street, Newark, NG24 1SU
Asking Price: £110,000
Property Type: 3 Bed End Terrace
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Great property for a young family thanks to Barnby Gate Academy located just around the corner and it’s only a short walk to the park and town centre. Cosmetically the property could really do with new carpets throughout, a fresh coat of magnolia (if you HAVE stick to that colour) and get the gloss out and ditch the dark woodwork. MOST importantly, this property is EPC ‘F’ meaning NOBODY can let it after April 2018, get in touch with Talk Green to find out what your options are.

Address: Williams Lane, Fernwood, Newark, NG24 3FN
Asking Price: £95,000
Property Type: 2 Bed Ground Floor Apartment
Ground Rent: not disclosed
Service Charge: not disclosed
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £450-495pcm
Yield: 6.25%
Comments: Popular Fernwood location that works for families and couples, particularly for the school and A1/A46 access, although i do think this is better suited to a professional couple due to size and wear and tear. The last 1st floor flat sold round the corner on Ainsdale Close in June for £72,000 with a very similar layout, allocated parking and slightly nicer decor so why this is £95k is beyond me.

Address: 4 Guildhall Street, Newark, NG24 1UH
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky cottage style terrace in Newark Town Centre, ideal for tenants using public transport with the bus and train stations just short walks from the property. Very difficult to compare the price as it’s so unusual, the lack of parking will put prospective tenants off and the style is very marmitey but you can’t please everyone regardless of what you buy!

Address: 124 Bowbridge Road, Newark, NG24 4DQ
Asking Price: £110,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6.27%
Comments: Simple family home close to Holy Trinity School and the sports centre with the bonus of off street parking, it’s a bit of a vanilla property but it’s fine and you wouldn’t have to do a lot to it; i’d check whether that’s a furniture mark or damage to the living room carpet and consider losing the green in the bedroom. The price seems fair although it doesn’t have an EPC yet, you’ll need make sure it’s an ‘E’ or above unless you’re willing to spend the money to get it there.

Buttercross Best Buy
Address: Barrows Gate, Newark NG24 2FY
Asking Price: £90,000
Property Type: 2 Bedroom Ground Floor Flat
Ground Rent: £101 paid every 6 months
Service Charge: £986.27 per annum
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.51% (inc SC and GR)
Comments: Great modern flat close to the A1/A46, town centre and KnowHow making this perfect for most professionals and a first time investor; the lack of magnolia, modern finishes and parking for both tenants and guests ticks additional boxes too. The last sale was back in 2014 but looking at the one above for £95,000 with a similar selling in Fernwood in June for £72,000, that should give you a rough idea, which would you prefer?

Address: 57 Jubilee Street, Newark, Nottinghamshire, NG24 4DA
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace (previously sold as a 3 Bed?!)
Estate Agent: Haart
Condition: Light Redecoration Required
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Lovely looking terrace close to town centre, the vendor purchased the property in Dec for £99,000 and since then they’ve had the living room beams covered and skimmed, decorated the bedrooms and living room along with new carpets and potentially skimmed the bedrooms; the bathroom and kitchen haven’t changed aside from the lack of paint on the back wall and there’s no photos of the dining room, i wonder if it still has a wood panelled ceiling and stone fire surround? Is the £26,000 increase worth it?

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