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

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

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

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

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

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

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

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

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

If you’ve seen a property in Newark or Nottinghamshire and would like a detailed report on it’s investment potential, call us on 01636 343014, or better still pop in for a chat and a cuppa.

twitterFacebooklinkedingoogle_plusmail