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:38 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.08%
Comments: Purchased in Nov 2016 for £111k and i wouldn’t appear to have changed at all. Good budget friendly property for potential tenants with a high epc, low council tax band and cheap rent. I think the asking price is pretty high, i’d go for Wright St or Coronation St below, much nicer and less money!

Address: 4 Hillary Way, Balderton, Newark. NG24 3PN
Asking Price: £140,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.78%
Comments: Spacious property with no work required, the communal parking area won’t be for everyone and the lack of outdoor storage lets it down but you can hire a garage for £40 off the council. No 6 sold in March 2018 for £140k in a similar condition.

Buttercross Best Buy
Address:Flat 4, The Bell Tower, Barnby Road, Newark. NG24 1SA
Asking Price: £130,000
Property Type: 1 Bedroom Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent
Maintenance Charge: £40pw
Rent Range: £525-575pcm
Yield: 5.22% (inc MC)
Comments: If you’re wanting a rental with wow factor then this property certainly ticks the boxes, perfect for a professional singleton or couple, could be used a main home or even a furnished mid week let if commuting. Flat 7 sold for £138k in Oct 2017 as a single storey ground floor 2 bed flat.

Address: 19 Coronation Street, Balderton, Newark NG24 3BD
Asking Price: £120,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Well presented property, ideal budget friendly property for tenants that looks great. Advert doesn’t say much but that’s the agent rather than the house, the price seems very fair too, nothing bad to say about this one!

Address: 49 Smith Street, Balderton, Newark. NG24 3BA
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Haart
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Another budget friendly property, for a property thats described so highly, you’d have thought the agent would’ve got photos to show that off?! Price is pretty good, check the boiler to make sure that’s not the rubbish happy meal toy!

Address: 68 Bowbridge Road, Newark. NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Nottinghamshire Property Services
Condition: Update Required
Rent Range: £500-550pcm (once updated)
Yield: 6% (not inc updating costs)
Comments: The only fixer upper of the week and my goodness does it need gutting! No 12 sold in August for £139k, it was a beautiful example, take a look at the old listing for tips, can’t help but think this asking price is pretty high for what needs doing on this property.

Address: 4 Wright Street, Newark. NG24 1PJ
Asking Price: £109,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.73%
Comments: Really nice little house, great first investment with no work to do, you could collect the keys and market to rent on the same day.

Address: Flat 1, Trent House, Barnby Gate, Newark NG24 1XP
Asking Price: £85,000
Property Type: 1 Bedroom first Floor Flat
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 6%
Comments: We let this property less than 6 months ago, good central location and nice modern finishes but the lack of parking anywhere near the flat and very small living space makes it a tough one to let.

Plenty of properties this week although with nearly all of them ready to go so no need to invest too much into your investment! 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.

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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