EYES ON…THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Address: 83 Barnby Gate, Newark. NG24 1QW
Asking Price: £150,000-£155,000
Property Type: 2 Bedroom Mid Terrace House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £545-£595pcm
Yield: 4.76%
Comments: Bought just 7 months ago for £145k, nothing has changed at all. Begs the question, why move so soon? Neighbours, parking, noise? Positives – very well presented, plenty of living space and central location.

Address: Goldsmith Road, Balderton, Newark, NG24 3QR
Asking Price: £150,000
Property Type: 2 Bedroom Semi – Detached Bungalow
Estate Agent: William H Brown
Condition: Some work needed
Rent Range: £600-650pcm when done
Yield: 5.2%
Comments: Bungalow rentals are few and far between but popular, this one needs a lick of paint, couple of carpet changes, a new oven and at least a re-grout in the bathroom. Replacement kitchen and bathroom would be best but understandably not ideal.

Address: 20 Boundary Road, Newark NG24 4AL
Asking Price: £150,000 – £160,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5%
Comments: Well presented property although funny layout, kitchen-bathroom-utility-sunroom!? No bath which often puts young families off. Good sized bedrooms. #26 sold for £153k in Nov 18 in a similar condition but not extended as much.

Buttercross Best Buy
Address: 70 Lime Grove, Newark, NG24 4AH
Asking Price: £149,950
Property Type: 3 Bedroom Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Yield: 5.2%
Comments: #40 sold in Dec 18 for £137,500 in similar condition. Downstairs bathroom isn’t for everyone so consider that. Popular street, we’ve often found rentals go promptly when priced right. Just need to lose the nursery decor and try and budge that price.

Address: 20 Orchid Drive, Farndon, Newark, Nottinghamshire NG24 3TX
Asking Price: £147,500
Property Type: 2 Bedroom House
Estate Agent: Belvoir!
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.08%
Comments: Popular village with a garage conversion. Second bed a little small but good for a couple or single person. No work required, worth checking the boiler age as it will be on it’s last legs if it’s the original.

Address: 77 Clarks Lane, Newark, Nottinghamshire, NG24 2EF
Asking Price: £130,000
Property Type: 2 Bedroom Semi – Detached House
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.3%
Comments: Well presented little house, good starter house for both tenant and LL in terms of running costs and initial outlay. Properties do take quite a while to sell though, something to factor in.

Address: 1 The Malthouse, Newark, NG24 1LA
Asking Price: £130,000 – £140,000
Property Type: 2 Bedroom Ground Floor Duplex Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £600-650pcm
Ground Rent: £800 PA
Yield: 5.96%
Comments: Really lovely apartment in a good, central location to town and station. We’ve let apartments at Maltings View on the other side of the road Apartments seem to take a very long time to sell in this block, i’m honestly not sure why, too much money?! This was purchased in June 16 for £137,500.

Address: 9 Philip Road, Newark NG24 4LX
Asking Price: £130,000
Property Type: 3 Bedroom Terraced House
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.76%
Comments: Recently renovated although i can’t get past the dark brown window surrounds and window sills…why?! Bit of a marmite-y area but you’ll never please everyone! We let a 4 bed for £675pcm earlier in the year to a similar standard on Gopher Road.

Address: 32 Side Row, Newark, NG24 2JB
Asking Price: £119,950
Property Type: 2 Bedroom Terraced House
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £500-£550pcm
Yield: 5.5%
Comments: Ready to go, nice budget friendly for both LL and tenant. Good for A1 and industrial estate. Was previously marketed with another agent back in January 2019, properties in this area can take a while to sell.

Address: 18 Youngs Avenue, Fernwood, Newark. NG24 3FG
Asking Price: £99,950
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £470-£520pcm
Yield: 6.2%
Comments: Bought for £77k in March 2017, considered ditching the lounge carpet and lightening up walls in bedroom 2 and the hallway to get maximum rental and a quicker let. The photos don’t really help as they make the apartment seem dark.

EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Here’s a look at the latest properties coming to market in Newark. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it, lets see what you think…

Address: 8 Birch Road, Balderton, Newark. NG24 3DB
Asking Price: £140,000
Property Type: 2 Bedroom Semi – Detached
Estate Agent: Winkworth
Condition: Ungoing Renovation
Rent Range: £545-595pcm
Yield: 5.1%
Comments: Popular lakeside location and should make a nice property when done although not overly big. #7 sold for £140k in a good condition in April. Property not being shown in the best light but price seems fair STC of the remaining improvements.

Address: Barnby Gate, Newark NG24 1QD
Asking Price: £125,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.52%
Comments: Lovely character apartment, bonus of a storage shed for a bike, no street parking available though. Newly renovated so expect maintenance to be low aside from the odd tweak. No SC or GR either.

Address: 15 Grove Street, Balderton Newark NG24 3AR
Asking Price: £130,000
Property Type: 3 Bedroom Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.76%
Comments: Good sized family house but tight street parking and lack of lawn may deter potential tenants. Bought in Nov 16 for £127,500, not much has changed apart from painting the kitchen yellow(?!)…i’d recommend cream to show it at it’s best.

Address: 44 Cardinal Hinsley Close, Newark NG24 4NQ
Asking Price: £120,000
Property Type: 2 Bedroom Terraced House
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.75%
Comments: Well presented little house on the edge of Hawtonville, good starter property due to low running costs but that second bedroom is very small. Check the boiler and consumer unit, if they’ve not been updated yet then something to factor in.

Address: 58 Beech Avenue, Newark NG24 4JN
Asking Price: £120,000
Property Type: 3 Bedroom Semi -Detached House
Estate Agent: Newton & Fallowell
Condition: Requires Updating
Rent Range: £600-650pcm (once renovated to a good standard)
Yield: 6.5% (exc renovation costs)
Comments: Good fixer upper for someone that fancies getting stuck in to keep costs down, #52 sold in March 18 for £142,500 after a full renovation. Nice plot although no garage.

Buttercross Best Buy
Address: Linseed Avenue, Newark NG24 2FJ
Asking Price: £129,999
Property Type: 2 Bedroom Semi- Detached House
Estate Agent: Martin & Co.
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 5.49%
Comments: Two double bedrooms and a good location for commuters. May have to make the bedrooms one colour but overall a good property, no issues from me!

Address: Mercia Road, Newark. NG24 4NA
Asking Price: £140,000
Property Type: 3 Bedroom Semi- Detached House
Estate Agent:William H Brown
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.35%
Comments: Very well presented property, #36 sold in Jan for £125k with the same layout but let down by upstairs and bathroom. Hawtonville, like Fernwood, can be a bit marmite-y so that factor this in.

Address: 1 Chantry Close, Newark. NG24 4JZ
Asking Price: £145,000
Property Type: 3 Bedroom Semi- Detached House
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.96%
Comments: Bought in 2006 for £90k, unsure of how much its changed due to the lack of photos, looks like some of the carpets are getting thin in the bedrooms. Last sale was #6 in May for £91k, same layout but a little more tired.

Address: 3 St. Agustine’s Close, Newton Street, Newark NG24 1SY
Asking Price:£150,000
Property Type: 3 Bedroom End of Terrace House
Estate Agent: Newton & Fallowell
Condition: Update Required in Areas
Rent Range: £600-650pcm (once completed)
Yield: 5.2%
Comments: Good spot for families wanting the Academy School, nice kitchen and bathroom, the rest of the house either needs new floor, redecorating or both.

So that’s this weeks selection, quite a few have come up in Hawtonville over the last month with less in the Fernwood area. A Couple of good investments in here, feel free to 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’s a look at the latest properties coming to market in NG24. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 8 Welbeck Avenue, Newark NG24 1NB
Asking Price: £140,000
Property Type: 4 Bed Terrace
Estate Agent: Winkworth
Condition: Update Required
Rent Range: £625-675 pcm (once updated)
Yield: 5.78%
Comments: Last bought in 2013 for £95k, no photos of it at the same but i’m guessing not much has changed, maybe the kitchen cupboards? Cladding and worn carpets need to go. To obtain the top of the rent range suggested, take a look at this rental.

Address: 14 DeCaldwell Drive, Newark NG24 2JB
Asking Price: £145,000
Property Type: 2 Bed Terrace
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £525-575 pcm
Yield: 4.76%
Comments: Most recent 2 bed sale was Jan 17 for £124k, on the smaller side but a good starter investment. It’s a new(ish) build that’s been built within an old council estate, bought for £114,500 in July 14, hasn’t changed since.

Address: 17 Linseed Avenue, Newark NG24 2FL
Asking Price: £130,000
Property Type: 2 Bed Semi Detached
Estate Agent: Purple Bricks
Condition: Minor Changes
Rent Range: £525-575 pcm
Yield: 5.31%
Comments: Just dial down the bold colours to appeal to the most about of potential tenants, overall good little house with a bonus of a double driveway. Check out boiler age and consumer unit so you don’t get stung!

Address: 44 Side Row, Newark NG24 2JB
Asking Price: £130,000
Property Type: 2 Bed Terrace
Estate Agent: Purple Bircks
Condition: Ready to Rent
Rent Range: £500-550 pcm
Yield: 5.08%
Comments: Ready to go with this one, carpets look fairly well kept and decor is okay. The kitchen is a little small so bare that in mind. Only bought in Oct 2018 for £120k, bedroom 1 carpet has changed and both have been decorated.

Address: 7 Barnby Crossing, Newark NG24 2NG
Asking Price: £119,950
Property Type: 2 Bed Terrace
Estate Agent: Now Homes
Condition: Ready to Rent
Rent Range: £550-575 pcm
Yield: 5.75%
Comments: Again, another well presented house which has seen improvements since the current owners bought it in 2014 including taking down the old sun room to make a usable living space. A little out of town and would suit someone after a quieter life.

Address:Linton Close, Farndon, Newark. NG24 4TQ.
Asking Price: £140,000
Property Type: 2 Bed Semi- Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.9%
Comments: Popular village location, nothing really to compare it to price wise. No EPC but would’ve thought it’s above an E, check before purchasing though. Off street parking and great sized garden.

Address: 4 Hilary Way, Balderton, Newark NG24 3PN.
Asking Price: £130,000
Property Type: 3 Bed Semi- Detached
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.76%
Comments: Purchased in Aug 2016 for £125k, no previous photos so unsure of changes, bold kitchen wall may put tenants off, would wait for feedback from viewings. Have been trying to sell since Nov 2018, something to factor in.

Address: 41 Charles Street, Newark, NG24 1RN
Asking Price: £130,000
Property Type: 2 Bed End Terrace
Estate Agent: Jon Brambles
Condition: Update Needed
Rent Range: £550-600pcm (assuming it’s done well)
Yield: 5.53%
Comments: Seems rather pricey for such a date property, #25 sold in Aug 18 for £136,500 and it was spotless. New flooring throughout, kitchen and bathroom ideally too. Would be better to cap off and get rid of the dated gas fires now rather than waiting for them to fail a gas cert. Tenants aren’t keen on bathroom access via a bedroom.

Address: 1 Harrisons Way, Newark NG24 1NS
Asking Price: £130,000
Property Type: 3 Bed Semi- Detached
Estate Agent: Newton Fallowell
Condition: Unknown – no interior photos
Rent Range: £600-650pcm (assuming well presented)
Yield: 6%
Comments: This property was only built 5 years ago so i’m expecting it to be pretty modern. Backs onto the railway line which may put some tenants off. Good central location and off street parking.

Address: 6 Whitfield Street, Newark. NG24 2BT
Asking Price: £120,000
Property Type: 2 Bed Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.25%
Comments: Very colourful property, great starter with low bills, rent and council tax. Permit Parking great too. The colours may help or hinder it, would be inclined to play it by ear. #64 sold in May for £116k with a beautiful new kitchen and renovated throughout.

Address: 36 Smith Street, Newark, NG24 1RE
Asking Price: £115,000
Property Type: 3 Bed End Terrace
Estate Agent: Yopa
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 6%
Comments: Purchased in 2016 for £103k, living areas appear to be unchanged, no pics of bathroom or bedrooms. Low EPC, factor this in as government have discussed putting the minimum band up. Another good starter house, within Barnby Road Academy catchment area too.

Address: Worthington Road, Newark. NG24 3RE
Asking Price: £115,000
Property Type: 1 Bed End Terrace
Estate Agent: Martin & Co.
Condition: Ready to Rent
Rent Range: £450-500pcm
Yield: 5.21%
Comments: Not much to compare it to, last 1 bed sold in Jan 17 for £85,500 but naturally the market has changed since then. Good starter property but consider that tenants may grow out of the property quicker than a 2 bed.

Address: 25 Goldstraw Lane, Fernwood, Newark NG24 3FD
Asking Price: £109,950
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Alasdair Morrison
Condition: Ready to Rent
Rent Range: £500-550pcm Service Charge: £607.27 PA Ground Rent: £135 PA
Yield: 5.96% (inc SC and GR)
Comments: Purchased in 2005 for £112,950, it would seem the owner sadly bought at the wrong time. The last 2 bed apartment sold for £95k in Aug 17. Fernwood is like marmite but it’s a good sized apartment with the bonus of outdoor space and private entrance too.

Address: 26 Goldstraw Lane, Fernwood, Newark NG24 3FF
Asking Price: £95,000
Property Type: 2 Bed Apartment
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £445-495pcm
Yield: 6.25% (not including SC and GR as not shown on ad)
Comments: Pretty sure the photos aren’t doing this justice, electric heating throughout so won’t have to pay for gas safety cert + boiler service each year. Can’t see any immediate issues, just a bit vanilla!

Address: 42 The Brewhouse, Castle Brewery, Newark NG24 4AF
Asking Price: £89,950
Property Type: 1 Bedroom Apartment
Estate Agent: Winkworth
Condition: Ready to Rent
Rent Range: £425-475pcm Service Charge: £1680 PA Ground Rent: £115 PA
Yield: 6.21% (inc SC and GR)
Comments: Popular development, bit of a pain to sell but very popular as rentals. Single allocated parking space sometimes causes problems and lack of visitor parking. Central location, gym and well kept communal areas make it desirable. Vendors have been trying to sell this for quite some time, it’s been relisted again.

Address: 19 Birch Road, Balderton Newark NG24 3DB
Asking Price: £89,950
Property Type: 1 Bed Cluster House
Estate Agent: Martin & Co
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 6.34%
Comments: Lovely kitchen but cosy throughout, parking and garden popular additions. Worth checking consumer unit on a property of its age, cleverly taken photos hide the charming storage heaters which aren’t overly desirable with tenants. #30 sold in Jan for £76k with an equally lovely kitchen!

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.

EYES ON….THIS WEEKS INVESTMENT PROPERTIES IN NEWARK!!!

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Lovely sunny day today, yay! 20 properties this week on Rightmove however only 7 to talk about, crazy i know, as several were just relisted with others agents, some with multiple agents and sadly a lot of reductions. Properties from £100k to £140k this week so you have a bit more change left over. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: 70 Main Street, Balderton, Newark
Asking Price: £120,000
Property Type: 2 Bed End Terrace
Estate Agent: Edlin and Jarvis
Condition: Needs dialling down
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Colourful property on a busy street in Balderton, i love a bit of colour but for a rental property they’re just a bit too bright when you’re trying to attract as many potential tenants as possible. Last on the market in 2013 by the vendors withdrew it, it looked much duller back then!

Address: 5 The Willows, Farndon, Newark, NG24 3TE
Asking Price: £119,000
Property Type: 2 Bed Ground Floor Flat
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £425-475pcm
Yield: 4.8%
Comments: Bought back in to 2016 for £92k, no photos so unsure of the level of update. EPC won’t open so unknown rating, garden makes a nice bonus. Farndon is popular and has good access to A46.

Address: 17 Harcourt Street, Newark, NG24 1RG
Asking Price: £117,500
Property Type: 2 Bed Mid Terrace
Estate Agent: Winkworth
Condition: Already Tenanted
Rent Range: £500-550pcm
Yield: 5.6%
Comments: Already tenanted for £525pcm however it’s EPC F so you will have to spend some money on the property within the next 12 months as even tenanted properties need to be E or above by 1st April 2020.

Address: Gamage Close, Balderton, Newark, NG24 3QA
Asking Price: £109,950
Property Type: 2 Bed Semi-Detached Bungalow
Estate Agent: Newton Fallowell
Condition: Refurbishment Required
Rent Range: £525-575pcm (once refurbished)
Yield: 5.5% (once refurbished, based on £15k spend)
Comments: Perfect property for someone that fancies getting their hands dirty, currently EPC E and requires renovating all the way through.

Address: 173 Barnby Gate, Newark, NG24 1QR
Asking Price: £100,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Martin and Co AND William H Brown
Condition: Light work required
Rent Range: £500-550pcm
Yield: 6.6%
Comments: On with two agents straight away so they must be keen to get rid. The red carpet really needs to go and the brickwork makes the room feel dated, red bedroom wall not ideal either. #159 sold in May for £95k in similar condition.

Address: 29 The Crossings, Newark, NG24 1TY
Asking Price: £100,000
Property Type: 2 Bed First Floor Apartment
Estate Agent: Just Move Estate Agents
Service Charge: £926.30 PA
Ground Rent: £100 PA
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.5% (inc SC and GR)
Comments: Lovely looking apartment in a good location, electric heating doesn’t please everyone but we’ve not had difficulty letting apartments in this block previously. Purchased in July 2016 for £92,500.

Buttercross Best Buy
Address: 10 Sydney Terrace, Newark, NG24 4DB
Asking Price: £100,000
Property Type: 2 Bed End of Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6.6%
Comments: Ready to go, downstairs bathroom is a marmite one but the house looks great so the right tenant will look past it. Just need to wait for the EPC before you go for it, can’t fault this one!

So that’s this weeks selection, a couple of good potential 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: 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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