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: 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: Elizabeth Road, Newark, NG24 4NR
Asking Price: £137,995
Property Type: 3 Bed Semi Detached House
Estate Agent: Haart
Condition: Light Decoration Required
Rent Range: £550-600pcm
Yield: 5.21%
Comments: Well presented property, living room lets in down so i’d redecorate it. Fair price, #74 sold in March 2018 for £132,500 without the loft conversion or conservatory.

Address: 50 Whitfield Street, Newark, NG24 1QX
Asking Price: £115,000
Property Type: 2 Bed Mid Terraced House
Estate Agent: Winkworth
Condition: Work Required
Rent Range: £450-500pcm
Yield: 5.22%
Comments: Lovely modern extension, red carpet not the best but could be worse and i’d get rid the over bed storage. The property is an EPC ‘F’ with a new heating system upgrade required to reach an ‘E’, you cannot let it out if it’s not an least an ‘E’.

Address: 11 Barnby Crossings, Newark, NG24 2NG
Asking Price: £129,950
Property Type: 2 Bed Mid Terrace House
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 4.85%
Comments: Those kitchen tiles are pretty marmitey! #3 sold in Jan 2018 for £120k which also had an extension however the current vendors of #11 bought this is for £126k in April 2017 but have done nothing to it since.

Address: 155 Goldstraw Lane, Fernwood, Newark, NG24 3FD
Asking Price: £140,000
Property Type: 2 Bed End of Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Lovely looking property, nice and modern so a good starter property as maintenance costs will be pretty low. My ONLY concern is the built in bedroom furniture as a lot of tenants will already have a bed!

Address: Harcourt Street, Newark, NG24 1RF
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.72%
Comments: The kitchen size and finish lets this one down as does the EPC, if you want to spend the money updating the kitchen then you may manage an extra £25pcm but i’d focus on getting the property legal to rent. Bathrooms off the bedrooms always get mixed feedback.

Address: 46 Cranmer Road, Newark, NG24 4ET
Asking Price: £132,500
Property Type: 3 Bed Mid Terrace House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.21%
Comments: Good sized property, the bold wallpaper throughout and black bedrooms are down to a matter of taste but they may be a bit much for a rental property. The generous garden and parking is good but the lack of bath isn’t great for families.

Buttercross Best Buy
Address: Victoria Street, Newark, NG24 4UT
Asking Price: £147,000
Property Type: 2 Bed Mid Terrace Cottage
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.9%
Comments: Gorgeous. Tenants will have to compromise on parking but they will be able obtain a permit from the council. Check the EPC before committing to anything. Where do i sign?

Address: 19 The Brewhouse, Castle Brewery, Newark, NG24 4AF
Asking Price: £130,000
Service Charge: £850 (every 6 months)
Annual Ground Rent: £125
Property Type: 2 Bed Second Floor Apartment
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.41%
Comments: We let this property at the end of last year for £575pcm, it looks much better in person than how Purple Bricks have presented it on this listing!

Address: 1a Albert Avenue, Balderton, Newark, NG24 3HE
Asking Price: £147,500
Property Type: 2 Bed Converted Coach House
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.88%
Comments: Spacious character property, purchased in June 2015 for £124,950, it hasn’t changed much aside from a colour change here and there. Street parking but has a garage, fancy something a bit different?

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: 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 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: 18 Marton Road, Newark, NG24 1SL
Asking Price: £115,000
Property Type: 3 Bed Semi Detached
Estate Agent: SDL Auctions Graham Penny
Condition: Light refurbishment
Rent Range: £625-675pcm
Yield: 7.04%
Comments: Needs to be viewed to assess the condition. £130,000 seems to be the average price for a property on this street. Also factor in the buyers premium payable to the auctioneer.

Address: 44 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: William H Brown
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Two doors up sold for £115,000 in 2016. Looks recently modernised and ready to rent. The only bathroom is located off one of the bedrooms hence why they have described it an an en-suite. Located down a quiet cul de sac.

Address: 30 Smith Street, Balderton, NG24 3BA
Asking Price: £120,000
Property Type: 3 Bed Terraced
Estate Agent: Richard Watkinsons
Condition: Full Refurb Required
Rent Range: £550-600pcm
Yield: 6.00%
Comments: They’re all selling up on Smith Street. This needs a lot of work but offers a lot of potential. Good sized bedrooms and a huge garden which is missing a fence. Overpriced considering the amount of work required.

Address: 174 Northgate, Newark, NG24 1HL
Asking Price: £120,000
Property Type: 2 Bed Terraced
Estate Agent: Winkworth
Condition: Light Refurb Required
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Small terraced house in a good spot for the station. Next door sold for £106,000 last August and looks more modern (just looking at the front doors). Around £25,000 too much.

Address: 6 Wood Street, Newark, NG24 1PN
Asking Price: £125,000
Property Type: 3 Bed Terraced
Estate Agent: Haart
Condition: Ready To Rent
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Next door to a house share. Paid £111,000 in December 2014 after it was renovated so probably not done anything to it since. Located near to Barnby Road Academy.

Address: 3 Newton Street, Newark, NG24 1SU
Asking Price: £130,000
Property Type: 3 Bed Terraced
Estate Agent: Bairstow Eves
Condition: Light Refurb Required
Rent Range: £550-600pcm
Yield: 5.76%
Comments: Better location than Wood Street I think, though you’ll pay a bit more for it. Next door sold for £115,000 in January this year.

Buttercross Best Buy
Address: 28 Pelham Street, Newark, NG24 4XD
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Tidy property close to town centre. Last bought for £107,000 in 2014. Comes with a garage which is handy in this location.

Address: 4 Toll Bar Cottages, London Road, Balderton, NG24 3JE
Asking Price: £130,000
Property Type: 2 Bed Terraced
Estate Agent: Jon Brambles
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 5.54%
Comments: Another tidy property from Jon Brambles. Number 1 sold for £117,000 in 2014. Car park to the side of the property.

Address: 5 Riverside Road, Newark, NG24 4RJ
Asking Price: £140,000
Property Type: 2 Bed Semi Detached
Estate Agent: Newton Fallowell
Condition: Light Modernisation Required
Rent Range: £575-625pcm
Yield: %
Comments: Popular location and plenty of storage which is lacking in more modern properties. Kitchen needs modernising and probably the bathroom. Number 1 sold for £136,500 in 2015.

Address: 4 Friary Road, Newark, NG24 1LE
Asking Price: £145,000
Property Type: 2 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Very well presented terraced house near to the town centre. Busy road and neighbours have Japanese knotweed which is being treated. Something to investigate further.

Address: 16 Baines Avenue, New Balderton, NG24 3BL
Asking Price: £145,000
Property Type: 2 Bed Semi Detached
Estate Agent: Alasdair Morrison
Condition: Probably Needs Work (No internal photos)
Rent Range: £575-600pcm
Yield: 4.96%
Comments: Paid £133,950 in September 2007 shortly after it was renovated (bought in February of the same year for £95,000). No internal photos to see what it’s like now and the description doesn’t help. Off street parking for when the road fills up during the school run. Often used as a run through to the back of Balderton.

Address: 26 Boundary Road, Newark, NG24 4AL
Asking Price: £150,000
Property Type: 3 Bed Terraced
Estate Agent: Newton Fallowell
Condition: Ready To Rent
Rent Range: £600-625pcm
Yield: 5.00%
Comments: Last terrace to sell on the street was #16 for £132,000 back in 2015. Looks very well presented. Quite tight for parking around this busy road.

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: 66 Eton Avenue, Newark, NG24 4JF
Asking Price: £150,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Well presented three bed on the edge of hawtonville, modern throughout so no cosmetic work required for the foreseeable. The last sale was number 60 in June 2017 for £140,000 with some tlc required so this price seems pretty fair.

Address:7 Clayton Close, Newark, NG24 4HN
Asking Price: £135,000
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Winkworth
Condition: Unknown
Rent Range: £525-575pcm (if in good condition)
Yield: 5.1%
Comments: Previous sale was in March 2017 for £135,000, the bungalow needed updating throughout so the fact that this is similarly priced would suggest that it’s probably in the same condition and there’s no EPC either to give anything away. We’re always being asked for Bungalows but they’re so rare on the rental market, dare to be different?

Buttercross Best Buy
Address: 23 Birch Road, New Balderton, Newark, NG24 3DB
Asking Price: £130,000
Property Type: 2 Bed Semi-Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.31%
Comments: Immaculately presented house with no work required at all thanks to the fantastic job the vendors have done, properties around balderton lake are desirable and would an ideal first time investment. EPC and council tax are reasonable but not the cheapest so consider that for your prospective tenants.

Address: 20 Wright Street, Newark, NG24 1PJ
Asking Price: £117,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.64%
Comments: Another great looking property with a fair price tag, the last sale two sales on the street last year were for £99,000 in good condition and £80,000 that needed some tlc. Terrace streets aren’t for all tenants due to potential noisy neighbours and lack of parking, no-one wants to carry there shopping from the other end of the street!

Address: 38 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: Currently paying £425pcm – would suggest £450-500pcm
Yield: currently 4.64% – could obtain 5.45% if £500pcm is achieved
Comments: Small but perfectly formed AND already tenanted, personally i think the current rent is too low but you have to consider that putting the rent up may cause the current tenants to leave so is it worth the void period?

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 WEEK INVESTMENTS IN NEWARK!!!

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Here is this weeks round up of new properties for sale in NG24, i’ve gone up to a value of £160,000 this time for some more selection, there were so many reductions that i hadn’t got much to show you!

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

Address: 16 Lawrence Street, Newark, NG24 1NE
Asking Price: £160,000
Property Type: 3 Bed Semi-detached
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.06%
Comments: Purchased in March 2017 for £105,550 in a right mess, this property has undergone some major refurbishment and the finished product is fantastic, love that they removed the partition wall to make a desirable open plan kitchen/diner.

Address: The Tankard Building, Warwick Brewery, Newark, NG24 1TX
Asking Price: £160,000
Property Type: 2 Bed First Floor Duplex Apartment
Ground Rent: £100 PA
Service Charge: £1370.69 PA
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.02% (inc GR and SC)
Comments: Fabulous apartment locate in a desirable development, brilliant first time buy as no work is required however NOTHING in this block has sold for more than £140,000 so as lovely as this is, i’m not sure why it’s so much.

Address: 7 Greenway, Newark, Nottinghamshire NG24 4JE
Asking Price: £155,000
Property Type: 3 Bed Semi-detached
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 4.84%
Comments: Another property that’s had some money spent on it, a large family room extension and loft conversion makes for a great family home; the extension makes it difficult to value but a 4 bed sold Dec 2016 for £142,500.

Address: Fairfax Avenue, Newark, NG24 4PQ
Asking Price: £140,000
Property Type: 3 Bed Semi-detached
Estate Agent: CPG Property
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Located just a couple of streets away from Greenway, this property is equally well presented but doesn’t have as much space although it does have a man cave, any takers?

Address: 18 Wilfred Avenue, Balderton, Newark, NG24 3DS
Asking Price: £140,000
Property Type: 3 Bed End of Terrace
Estate Agent: Edlin and Jarvis
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Ideal family home, looks great throughout although number 5 sold in August 2017 for £129,950 with a slightly higher finish and new carpets so i’d either negotiate or look at the larger property above.

Buttercross Best Buy
Address: The Cavalier Building, Warwick Brewery, Newark, NG24 1TL
Asking Price: £137,500
Property Type: 2 Bed First Floor Duplex Apartment
Estate Agent: Newton Fallowell
Ground Rent: £100 PA
Serivce Charge: £760.13
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.64% (inc GR and SC)
Comments: Another apartment at Warwick Brewery, the initial outlay and running costs are lower with this one so ideal if you liked the look of the first one but can’t quite stretch that far.

Address: 159 Grove Street, New Balderton, NG24 3AS
Asking Price: £100,000
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Edlin and Jarvis
Ground Rent AND Service Charge: £600 PA
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 5.67% (inc GR and SC)
Comments: Well presented and budget friendly property previously purchased October 2016 for £76,000 in a very different condition, the vendors have brought this property right up to date and ready for your next tenant.

Address: Pond Close, Fernwood, Newark, NG24 3RU
Asking Price: £90,000
Property Type: 1 Bed First Floor Apartment
Service Charge: £277.68 PA
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £375-425pcm
Yield: 5.65%
Comments: Bought new in 2007 for £92,995, there haven’t been any 1 bed flat sales within 1/2 mile of the area in several years but the last 2 bed sold for £95,000 on the next street without a garage but it’s much bigger.

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 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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