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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After a busy few months, i’m back again with this weeks properties for sale in Newark! We’ve got 9 new ones to take a look at, i’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 16 Vernon Street, Newark NG24 1PW
Asking Price: £148,000
Property Type: 3 Bed End of Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.86%
Comments: purchased in July 2017 for £135k in the same condition, the only thing thats changed is the paint colour so why is it £13k more? Well presented and ready to rent but be aware of the low epc, don’t to get caught out should regulations change!

Address:110 Grange Road, Newark NG24 4PW
Asking Price: £145,000
Property Type: 3 Bed Semi Detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.17%
Comments: Just a couple of grand more than No 118 that also had a small extension. The kitchen is too much for a rental, it needs dialling down…a lot to appeal to the max amount of tenants as does the rest of the house, think light greys and creams. No chain so may take an offer for quick sale.

Address: 7 Kennedy Walk, Balderton, Newark, NG24 3PJ
Asking Price: £134,000
Property Type: 3 Bedroom Terrace
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.37%
Comments: Well presented property with parking, No 6 sold most recently for £118k 2 years ago without the “storage” extension. No EPC yet so be sure to clarifying rating first, No 6 was EPC D so i’d expect similar.

Address: 14 Lindum Street, Newark, Notts NG24 1NH
Asking Price: £125,000
Property Type: 3 Bedroom Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: So this property is being marketed for £1000 more than a two bed that sold in June, the two was lovely but you certainly get more for your money with this one. Lindum St is a dead end so minimal traffic, just neutralise those bold bedroom colours and order your To Let board!

Address: 35 Emmendingen Avenue Newark NG24 2FX
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Belvoir!
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5%
Comments: Overpriced and small. The equivalent property sold 3 months ago for £104k. Low council tax band, high epc and reasonable rental price will appeal to budget friendly renters.

Buttercross Best Buy
Address: 53 Sleaford Road, Newark, NG24 1NF
Asking Price: £125,000
Property Type: 2 Bedroom Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Really well presented house, No 47 sold in May 18 for £116,500 and the condition isn’t much different however the kitchen has been extended and it’s more contemporary. Careful with that low epc, if regulations go up to minimum D then you’ll need to spend a few pennies!

Address: 31 Side Row, Newark NG24 2JB
Asking Price: £119,950
Property Type: 2 Bedroom Terrace
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.50%
Comments: Low council tax and rent, good first time rental for tenants working on the industrial esate. No 44 sold for £120k in October but not as nice, nothing to complain about this one, priced well, one off street parking space and ready to go.

Address: Hawthorn Crescent, Farndon, NG24 3TG
Asking Price: £80,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Jon Brambles
Condition: Required Renovation
Service Charge: £300 PA
Rent Range: £425-475pcm
Yield: 6.72% (exc work costs)
Comments: Most of the walls and carpets are neutral so we’re off to a good start and it has a garage (USP). Kitchen is functional as is the bathroom but they need updating for top rental price and one neutral colour throughout on the walls. I’d also recommend losing the fire surround, the curtains and painting any brown woodwork white.

Address: Lombard Street, Newark, NG24 1XG
Asking Price: £80,000
Property Type: 1 Bedroom Second Floor Apartment
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6.38%
Comments: Currently let out for £395pcm with Whitegates and is located above their office. No EPC rating on the advert, if it’s less than an E but mid tenancy you’re okay until 2020, after then you’ll have to get it there or face a fine.

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 :).

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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: 42 Hawton Lane, New Balderton, Newark, NG24 3DL
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Good size and location, lack of bath and busy road may put families with young children off and i’d maybe lose the orange and peach bedrooms but that’s personal preference. Overall a bit of a vanilla property.

Address: 15 Newnham Road, Newark, NG24 1HY
Asking Price: £119,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.52%
Comments: Good first time investment, quite a tight terraced street but very well presented property and close to town centre + train station. EPC TBC to check that out before committing. #16 sold in Jan for £110k with separate kitchen and dining room but similar condition…

Address: 34 Cardinal Hinsley Close, Newark, NG24 4NQ
Asking Price: £129,950
Property Type: 2 Bed Semi-Detached House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Well presented property, not huge but will suit a small family or couple. #24 sold on the 1st Feb 2018 at a lower standard and without a garage. This property was previously marketed at £515pcm with EMPM.

Address: 16 Belvoir Crescent, Newark, NG24 4DW
Asking Price: £139,950
Property Type: 3 Bed Semi-Detached House
Estate Agent: Now Homes
Condition: Slight Update Required
Rent Range: £550-600pcm (based on update recommendations)
Yield: 5.14% (NOT including update costs)
Comments: Plenty of space but showing it’s age in places although take the curtains and lamp shades down and it’s looking younger already! I’d recommend changing the bold carpets and updating the kitchen tiles to something bright…the units too if you can. No idea about the bathroom!

Address: 58 Stafford Avenue, Balderton, Newark, NG24 3EG
Asking Price: £120,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Richard Watkinson
Condition: Update Required
Rent Range: £550-600pcm (based on high end finish)
Yield: 6% (NOT including update costs)
Comments: Needs updating throughout, combination of carpets, decorating, the whole kitchen including the units and if you can, i’d remove the shower and fit a bath to appeal to families.

Buttercross Best Buy
Address: 3 Cromwell Road, Newark, NG24 1RP
Asking Price: £90,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.6%
Comments: Small but well presented and less than £100k making it a great first time investment and great budget property for prospective tenants. #7 sold for £95k in March 2018 in a similar condition. No EPC yet so make sure you check it’s higher than an ‘E’!

Address: 29 Milton Street, Balderton, Newark, NG24 3AP
Asking Price: £105,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Alasdair Morrison
Condition: Major Update Required
Rent Range: £575-625pcm (once updated)
Yield: 7.14% (NOT including update costs)
Comments: This beauty needs an update…i’ve just seen my first aubergine bathroom suite and i think it has to go!! #35 sold in Aug 2017 for £110,000 with a much newer finish but not high end…although THIS price seems a bit high.

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 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!

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.

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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 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.

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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 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.

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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.

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.

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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: 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.

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