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: 16 Park Crescent, Newark, NG24 2BY.
Asking Price: £150,000
Property Type:3 bed Semi-Detached
Estate Agent:Jon Brambles
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.2%
Comments: Well presented property in a good spot for knowhow workers, bought two years ago for £120k. Difficult to find fault with this one!

Address: 7 Earp Avenue, Newark, NG24 4DD.
Asking Price: £150,000
Property Type: 3 Bed End Terrace
Estate Agent: William H Brown
Condition: Some Updates Required
Rent Range: £575-625pcm
Yield: 5%
Comments: Another good location although i’m a little thrown by the price, it was purchased in March this year for £130k and now it’s on for £20k with no difference? It could do with the odd new carpet and a lick of paint either way.

Address: 9 Smith Street, Balderton, Newark, NG24 3BA
Asking Price: £119,950
Property Type: 2 Bed Mid Terrace
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.5%
Comments: We managed and let No 16 4 months ago for £550pcm in a similar condition although no photos of the bedrooms is a bit odd, i’m sure they’re not that bad! Budget friendly home with low council tax and reasonable rent, good first home for a couple or small family.

Address: 22 Birch Road, New Balderton, NG24 3BD
Asking Price: £140,000
Property Type: 2 Bed Semi- Detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Popular lakeside location, kitchen will be a hit along with the additional living space in the conservatory. Check the consumer unit, there’s a chance EICR’s will become mandatory soon (£120) and unless the fuse box has been updated already, it will very likely fail an EICR.

Buttercross Best Buy
Address: Rubys Walk, Fernwood NG24 3FP
Asking Price: £139,950
Property Type: 3 Bed end Terrace
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Bought last May for £131,000, it’s had a lick of paint and they’ve put down some grass seed on first appearances; No 89 sold in March for £138k in the same condition. Good first investment, low maintenance although watch out for the Ideal ICOS boiler leaks.

Only a small selection this week due to so many reductions but 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 WEEK 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: 31 Jubilee Street, Newark, NG24 4DA
Asking Price: £109,950
Property Type: 3 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Complete Update Required
Rent Range: £525-575pcm (once updated)
Yield: 6.28% (NOT inc renovation costs)
Comments: Crying out for an update, ALL of it. There’s no EPC yet so i’d check the rating then prioritise if you’re on a budget, E or above or you can’t let it.

Buttercross Best Buy
Address: 9 Linseed Avenue, Newark, NG24 2FJ
Asking Price: £140,000
Property Type: 3 Bed Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.57%
Comments: Good starter investment, we recently let a 3 bed semi on Wheatsheaf Avenue for £625pcm in a similar condition. The only real thing that lets it down is the kitchen, it would be worth changing the unit doors if nothing else.

Address: 25 Bromley Avenue, Newark, NG24 4DS
Asking Price: £119,950
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (althought i’d recommend a kitchen!)
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Another one awaiting an EPC, looking at the age it’s likely to be at least an E so hopefully you can spend any spare pennies on a kitchen; yes it’s ready to rent but a dated kitchen will put tenants off leaving it empty for longer.

Address: Huddlestones Wharf, Newark, NG24 4UL
Asking Price: £150,000
Property Type: 2 Bed Maisonette
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 4.4%
Comments: Very well presented maisonette, certainly not something that comes up very often. Currently building work underway on the lhs of the building and it’s next to The Navigation Pub, something to bare in mind for your new tenants.

Address: 96 Beacon Hill Road, Newark, NG24 2JG
Asking Price: £130,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.5%
Comments: Surprisingly spacious house, almost Tardis like! #94 sold in February for £130k in a very similar condition.

Address: Apartment 12, 11 Mill Gate, Newark, NG24 4TR
Asking Price: £130,000
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Ground Rent: £115 PA
Maintenance Charge: £720 PA
Rent Range: £475-525pcm
Yield: 4.82%
Comments: Lovely looking apartment but a lot for what it is, you may even obtain £550pcm but be prepared to wait, overpricing is a surefire way to put tenants off.

Address: 2a Milton Street, Newark, NG24 3AW
Asking Price: £150,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.4%
Comments: Fabulous kitchen/diner extension, this will be a big hit with families and those that like to entertain. EPC is a low E so be aware that should the minimum rating raise again, you may need a speed a few pennies, the report will detail what.

Address: 133 London Road, Newark, NG24 3AH
Asking Price: £129,950
Property Type: 3 Bed End of Terrace House
Estate Agent: Door Steps and LetsXchange
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready to go and has been advertised with LetsXchange for some time, recently marketed by Door Steps, it would suggest that they are getting itchy feet, it may be worth striking while the iron’s hot and putting in a cheeky offer.

Address: 8 Sydney Terrace, Newark, NG24 4DB
Asking Price: £125,000
Property Type: 2 Bed Semi Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent (although AGAIN i’d change the kitchen)
Rent Range: £500-550pcm
Yield: 5.28%
Comments: No chain, ideal for a quick buy. No recent sales on the street or in the area, the kitchen lets it down (in my opinion!) but that’s your call. The off street parking will be very appealing.

Lots of new kitchens this week but 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: 32 Smith Street, Balderton, Newark, NG24 3BA
Asking Price: £135,000
Property Type: 3 Bed End of Terrace
Estate Agent: William H Brown
Condition: Little Work Required
Rent Range: £525-575pcm (once work completed)
Yield: 5.11% (NOT inc improvement costs)
Comments: I would suggest carpets at least in the bedrooms, whether you’d like to keep the blue is up to you! There’s no EPC, it will need to be E or higher to rent out. Downstairs bathrooms can be a bit marmitey so bare that it mind.

Address: Portland Street, Newark, NG24 4XG
Asking Price: £125,000
Property Type: 3 Bed Mid Terrace Cottage
Estate Agent: CPG Properties
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Quirky property although on a busy road, kitchen is a little underwhelming and washed out (sanding down those beams to bring the colour back may help?!) but the rest is pretty cosy. Loving the garden bar USP.

Address: 51 Alexander Avenue, Newark, NG24 3BB
Asking Price: £110,000
Property Type: 3/4 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Work Required
Rent Range: £550-600pcm (once renovated)
Yield: 6.55% (NOT inc renovation costs)
Comments: Carpets and redecoration definitely required; ideally new kitchen but if cutting costs then rub down and paint unit doors although those tiles still need to go. Need to look into the damp issue in the bedroom and as for the bathroom…who knows?! Poor garden…

Address: Robert Dukeson Avenue, Newark, NG24 2FF
Asking Price: £140,000
Property Type: 2 Bed End of Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.7%
Comments: Already tenanted so assuming they’re good tenants, your work is done and no void period either! Martin and Co haven’t stated the current rent obtained, if they’re long standing tenants then it may be less than you were hoping so be sure to check.

Address: 14 Emmendingen Avenue, Newark, NG24 2FX
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Immaculately presented property, #20 sold this time last year for £134k but not quite at this level. Good location for KnowHow and Bakkavour workers with town within walking distance.

Address: Stephen Road, Newark, NG24 2BG
Asking Price: £130,000
Property Type: 3 Bed Semi Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.54%
Comments: Larger than you’d expect, these are ex council properties but don’t let that put you off, we let the same style house on Wolsey Road in January for £600pcm and the landlord had the choice of 4 applications!

Buttercross Best Buy
Address: 27 Marron Court, Fernwood, Newark, NG24 3UR
Asking Price: £99,950
Property Type: 1 Bedroom Quarter House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.70%
Comments: Ideal low maintenance investment for less than £100k, modern and with allocated parking making it ideal for professional person(s). #30 sold in December for £106k in a similar condition

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 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.

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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 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.

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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: 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.

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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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EYES ON…The Investment of The Week in Newark!!

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Here’s my investment property of the week in NG24 for less than £150,000

Address: Stafford Ave, New Balderton, Balderton, Newark NG24 3EG
Type: 3 Bed Mid-Terrace House
Asking Price: £99,950
Estate Agent: William H Brown
Condition: Requires renovation
Rent Range: £525-575pcm (once completed)
Yield: 6.9%

Fantastic opportunity in a cul-de-sac off Hawton Lane on the edge of New Balderton, perfect for a landlord or investor who doesn’t mind getting their hands dirty..or someone else’s! Spacious living accommodation, off road parking and great location for families, once renovated, this property will plenty boxes for potential tenants.

Ideal for as a buy to let, fix and sell or a first time buy, the stylish slate grey windows and door frame would suggest they have been recently fitted so just the inside remains; I’ve found that tenants don’t like downstairs bathrooms or separate bathrooms and toilets, why would you have a sink in a different room?! Aside from the camera shy kitchen, which i will assume isn’t because it’s so stunning the agents didn’t want to make the rest look tired, a lick of on trend grey paint and neutral new flooring throughout will lift the property with ease and give a much warmer feel than magnolia everywhere.

Assuming the kitchen is out of date, cream, grey or black doors give a high end finish for not a lot more than budget beech door fronts and will look great with a light oak effect worktop; save money by just replacing the doors instead of the complete unit. If you fancy the challenge, take a look around and see if you can knock through to make the bathroom and w/c one room!

The last property on Stafford Avenue sold for £124,000 in January with a simple but appealing neutral interior, plenty of off street parking and a low maintenance garden but according to RightMove, only 7 properties have sold on Stafford Avenue since 1997 suggesting people don’t buy to fix up and sell but to stay long term. Number 1 sold in 2016 for £115,000, it was a 3 bedroom mid terrace renovated to a high standard, looking at prices now though there’s no reason after all that work you couldn’t sell it on for £130,000+ depending on the finish.

This will certainly be an investment to keep you busy but isn’t that the fun part? Not to mention nearly 7% isn’t to be scoffed at although agreeably it will take time to make back the money you’ve put into the property but £575pcm is more than achievable, with the way the rental market is going you may even get more! It has been on the market since March and was reduced this week, why not make the most of a rare renovation opportunity and take a look?

If you’re interested in this property 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 The Brewhouse Castle Brewery, Newark, NG24 4AF
Type: 2 Bed duplex apartment
Asking Price: £150,000
Estate Agent: Edlin & Jarvin
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Stunning 2 bed duplex apartment in a grade II listed building, fantastic location on the edge of town and close to the stations, they’re very rare so difficult to value pcm.

Address: Mill Gate, Newark, NG24 4TS
Type: 2 Bed ground floor apartment
Asking Price: £92,000
Estate Agent: Jon Brambles
Condition: Some modernisation required
Rent Range: £395-425pcm
Yield: 5.54%
Comments: Right in the middle of town with plenty of living space, it’s a great spot for commuters on the train as Newark Castle is just 10 minutes walk although it would do well from a new kitchen and bathroom however it’s bearable.

Address: Rutland Avenue, Newark, NG24 4DL
Type: 2 Bed semi-detached
Asking Price: £118,000
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.59%
Comments: This house has potential to be much more appealing, new cupboard doors and a lick of paint in the kitchen along with a modern fireplace and lounge carpet. The last 2 bed sold in Aug 2015 for £73,000 in better condition…

Address: 90 Wolfit Avenue, Newark, NG24 3PQ
Type: 2 Bed first floor apartment
Asking Price: £92,950
Estate Agent: Whitegates
Condition: Ready to Rent
Rent Range: £400-450pcm
Yield: 5.8%
Comments: Situated in Balderton within the popular Chuter Ede catchement area, the last flat sold in 2006 so it’s difficult to judge the asking price however it’s neutral decor will make it appealing to tenants and keep renovation costs low.

Address: 10 Emmendingen Avenue, Newark, NG24 2FX
Type: 2 Bed mid terrace
Asking Price: £114,950
Estate Agent: Pygott Crone
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.74%
Comments: Great spot for the A1 and town centre, Bishop Alexander Academy is just a stones throw making this ideal for both families and couples. It would appear they didn’t want us to see the kitchen and bathroom though, i hope it’s not that bad!

Address: 91 Bowbridge Road, Newark, NG24 4BY
Type: 2 Bed mid terrace
Asking Price: £129,950
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.07%
Comments: Close to amenities making it ideal for families and couples alike although parking is poor nevertheless very little work is required. Last 2 bed on the street sold in 2014 for £83k, the last 3 bed sold in Oct 2016 for £123,800 so..this asking price?

Buttercross Best Buy
Address: 95 London Road, Balderton, NG24 3AA
Type: 2 Bed mid terrace
Asking Price: £129,950
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Ready for a tenant to move straight in, the only downside for a tenant is the typical parking issues that come with a terrace street. The property was bought in Aug 2015 in this condition for £118,000…

Address: 9 Brownlows Hill, Coddington, Newark, NG24 2QA
Type: 3 Bed mid terrace
Asking Price: £149,995
Estate Agent: William H Brown
Condition: Some modernisation required
Rent Range: £550-600pcm
Yield: 4.80%
Comments: Situated in the popular Coddington and within the village school catchment area, this property is ideal for a family however the kitchen and bathroom let it down significantly so some tile paint could make the world of difference as a cheap fix.

Address: The Tankard Building, Warwick Brewery, NG24 1TX
Type: 2 Bed duplex apartment
Asking Price: £130,000
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 6%
Comments: Fantastic character duplex apartment with modern finishes close to the stations, town centre and the A1/A46, perfect for a working couple and it even has parking, i can’t pick fault with this one!

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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