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: 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.

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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: 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.

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Eyes On… This Weeks Investments In Newark

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This weeks round up of new properties for sale in NG24, up to a value of £150,000.

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

Address: 120 Winthorpe Road, Newark
Type: 3 bed semi detached
Asking price: £139,950
Estate Agent: JHW Home Lincoln 01522 504304
Condition: Decent condition.
Rent Range: £650 pcm
Yield: 5.57%
Comments: Shame there isn’t a bath. Perhaps a new carpet here and there but looks like a well kept property. Great family home.

Address: 47 Kings Sconce Avenue, Newark
Type: 2 bed townhouse
Asking price: £129,950
Estate Agent: Alasdair Morrison 01636 700888
Condition: Modern house
Rent range: £550 pcm
Yield: 5%
Comments: Well kept modern house. Ready to move into. Tenant friendly and a low maintenance garden.

Address: 6 Kennedy Walk, Balderton
Type: 3 bed semi detached house
Asking Price: £129,950
Estate Agent: Newton Fallowell 01636 858002
Condition: Needs a little TLC
Rent Range: £585 pcm
Yield: 5.4%
Comments: Appears to have a new kitchen. Living areas a little tired. Minor refurbishment required.

Address: 4 Cranmer Road, Newark
Type: 3 bed semi detached house
Asking price: £124,950
Estate Agent: Newton Fallowell 01636 858002
Condition: Very good condition.
Rent range: £595 pcm
Yield: 5.7%
Comments: Very well kept and welcoming family home. Modern and fresh.

Address: 48 Wood Street, Newark
Type: 2 bed terrace
Asking Price: £122,500
Estate Agent: NOW Homes 01636 858311
Condition: Ready to rent
Rent range: £525 to £550 pcm
Yield: Up to 5.4%
Comments: Kitchen in 2 parts so not ideal when cooking the Sunday roast. The house is in a good location, close to schools. It is well presented.

Address: Parliament Street, Newark
Type: 2 bed semi detached house
Asking price: £118,000
Estate Agent: CPG 01636 345045
Condition: Tenant ready.
Rent range: £450 to £475 pcm
Yield: 4.8%
Comments: Hope you like camper vans. Looks in good condition. Low maintenance garden.

Address: Cardinal Hinsley Close, Newark
Type: 2 bed end of terrace
Asking price: £115,000
Estate Agent: Haart Newark 01636 703141
Condition: Decent condition
Rent range: £475 to £525 pcm
Yield: Up to 5.8%
Comments: This house is empty. It is ready to move into. Great care has been taken over the positioning of plants and pots.

Hannah’s Star Buy
Address: 12 Top Row, Newark
Type: 3 bed terrace
Asking price: £109,950
Estate Agent: Newton Fallowell 01636 858002
Condition: Good condition
Rent Range: £595 to £625 pcm
Yield: Up to 6.8%
Comments: Only down side is that the bathroom is downstairs. Very nicely presented house.

Address: Pach Way, Fernwood
Type: 1 bed cluster house
Asking Price: £99,950
Estate Agent: NOW Homes 01636 858311
Condition: Decent condition
Rent range: £395 to £410 pcm
Yield: Up to 4.9%
Comments: Open plan living space. The balcony would be popular.

Address: 2 Century Street, Newark
Type: 3 bed terraced house
Asking Price: £99,950
Estate Agent: Richard Watkinson 01636 611811
Condition: Some refurbishment required.
Rent Range: £550 pcm
Yield: 6.6%
Comments: Overall it looks tired and in need of refurbishment. The garden needs some imagination. Painfully bright bathroom.

Address: 3 Currie Road, Newark
Type: 2 bed terrace
Asking Price: £86,950
Estate Agent: Richard Watkinson 01636 611811
Condition: Needs fully refurbishing and modernising.
Rent range: £400 to £440 pcm
Yield: Up to 6%
Comments: Shocking. Not seen carpets like that in my life. Needs gutting and starting again. Perfect for any investor who loves a project.

Address: 15 Fairfax Avenue, Newark
Type: 2 bed flat
Asking price: £84,995
Estate Agent: Richard Watkinson 01636 611811
Condition: Good condition
Rent range: £450 to £475 pcm
Yield: Up to 6.7%
Comments: Ready to rent. Good condition and appears quite spacious.

If you’ve seen a property in 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… Robins Court, Newark

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This week we are talking about this 2 bedroom apartment on Robins Court, Newark.

This is the first time I have written about an apartment but this one caught my eye for several reasons.
I have been in one of these apartments, which at the time was lived in by a single female occupant. The apartment was immaculate, the communal areas were also very well kept. She had styled the interior in a modern way so it shows you can create any feel in what is potentially a blank canvas.

This apartment looks very inviting, like you want to have a cup of tea & a kit kat by the gas fire…. just a little flash back there.

Essentially it is ready to move into. Yes the décor might be slightly outdated but that is a minor point & easily remedied.

The main issue I have noticed is that there isn’t a bath, just a shower. Potentially this could put some tenants off but if we think about who might want to rent this type of property, I would say single occupants or couples of any age group. It perhaps wouldn’t be the choice of rental for a family with children.

Robins Court is situated incredibly close to the centre of Newark and the beautiful Georgian market square, so all amenities are very close by.

Apartments can sometimes catch you out with the ground rent & annual maintenance but in this case ground rent is £50 per year & maintenance around £300 per year, so not bad. We have done a recent post about Fernwood & maintenance charges there can be £1000 plus.

Interestingly when Robins Court first came on to the market it didn’t have long left on the lease but now it appears that an extension application is in for 99 to 125 years which is good news. I am assuming that the vendor will be covering this cost but this would need to be clarified.

The apartment is Council tax band A which is always pleasing news for a tenant as it reduces the monthly outgoings.

This is on the market for £97,500
It last sold for £70,000 in August 2013, so that is just over a 39% increase in less than 3 years.

Typically this type of property would rent for £475 per month.
Potential yield of 5.8%

The Estate Agent is Jon Brambles 01636 613513

We currently have tenants waiting for 2 bed properties in the area.
If you have a rental property or are thinking of investing, please contact us.

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Eyes On… Albert Street, Newark

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Albert Street

This week we are talking about this rather intriguing 2 bedroom terraced house on Albert Street, Newark.

From the front the house looks as though it may have been a shop due to the large front window.
The internal photos give a pretty good first impression.
The first 2 shots include rather snug & cozy looking rooms with brick fireplaces. In the thick of winter this is certainly appealing.

The main bedroom looks great but am I right in thinking the second bedroom IS the landing….?
Could this be the perfect spot for the Mother in Law?

There are no photos of the kitchen or the bathroom, I presume both are present but with a landing classed as a bedroom, who knows.

The garden looks to be particularly low maintenance & ideal for hanging baskets.

Is this one to invest in or one to avoid? Might be worth having a look round to answer some questions.

Albert Street is very close to the town centre on foot & may suit a young couple, perhaps young professionals.

This is on the market for £105,000
Interestingly this property has seen some impressive growth over the last few years.
In September 2011 it sold for £44,000 and then in November 2013 sold for £72,000, an increase of 63%.

Typically this type of property would rent for £495 per month
Potential yield of 5.65%
Typically a landing classed as a bedroom could put some people off.

The Estate Agent is Now Homes 01636 858311

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Eyes On… Wood Street, Newark

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Wood Street

This week we are talking about this 2 bedroom terraced house on Wood Street, Newark.

From the photos, this property looks in pretty good condition.
Notice the lime green walls in the kitchen, potentially upsetting for some with a hangover but otherwise it looks modern & fresh.
The bathroom benefits from a separate bath & shower, which is a definite bonus.
Similar sized reception rooms ready to have some personality injected & maybe a few ornaments.
Low maintenance patio garden offers a good summer entertaining space.

Wood Street is in catchment for Barnby Road School & close walking distance into the town centre.
This property would be ideal for a small family.

This is on the market for £104,950
The last 4 sales on Wood Street vary from £97,000 to £111,000. An offer of £100,000 would be reasonable.

Typically this type of property would rent for £500 per month
Potential yield of 6%

The Estate Agent is Haart 01636 703141

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