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: 48 Elizabeth Road, Newark, NG24 4NP Asking Price: £135k Property Type: 3 Bed Semi Detached Estate Agent: Jon Brambles Condition: Ready to Rent Rent Range: £575-625pcm Yield: 5.5% Comments: Spacious property in Hawtonville, some of the decor is a bit bold but you could risk it for a biscuit and pop it on as it is and see what interest you get. We’ve just received a lot of interest from a similar age and style of property, only difference was a brand new kitchen. Address: Hatton Gardens, Newark, NG24 4BU Asking Price: £125k Property Type: 2 Bed Mid Terrace Estate Agent: Newton Fallowell Condition: Ready to Rent Rent Range: £500-550pcm Yield: 5.28% Comments: Overall, well presented property throughout. Front room wallpaper is a bit dark but you can’t please everyone, can always give potential tenants the option to change it at their cost. Boiler doesn’t look too old, may even still be in warranty..added bonus. Address: Sleaford Road, Newark, NG24 1NQ Asking Price: £110k Property Type: 2 Bed Mid Terrace Estate Agent: Jon Brambles AND Martin and co Condition: May need toning down Rent Range: £520-560pcm Yield: 6.1% Comments: First one i’ve seen next to a convenience store, not sure if it’s a USP or not…not far to get milk?! Few bold colours that could do with toning down, bonus of utility room. Keen to sell with 2 agents on the go. Address: Goldstraw Lane, Fernwood, Newark, NG24 3FF Asking Price: £99,950 Property Type: 2 Bed First Floor Apartment Estate Agent: William H Brown AND NOW Homes Condition: Ready to Rent Rent Range: £500-550pcm Yield: 6.6% Comments: Well presented apartment, private entrance and parking tick boxes for tenants. Check boiler age, if it’s not been changed yet, it’s likely to be on an old Ideal Icos, be ready for repairs! First Port charge maintenance which isn’t shown on either advert so check this. So that’s this weeks selection, a few have been relisted so they’ve not been included and a couple of double listings has meant there’s not much to talk about this week! Goldstraw Lane is great but they are a pain to sell on and hard to make money on but if you’re planning on keeping it then that may be irrelevant for you. 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 :).

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…hopefully a better selection than last week!

Buttercross Best Buy
Address: Flat 5 Main Street, Balderton, Newark, NG24 3NU
Asking Price: £140,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £575-625pcm
Service Charge: £960 PA
Ground Rent: £130 PA
Yield: 5.31% (inc SC and GR)
Comments: Really well presented apartment, perfect for a couple or single person. You’ll struggle to make any more money on it unless house prices naturally rocket. “New Build” in May 16, vendors paid £137,500.

Address: 26 Nicholson Street, Newark, NG24 1RD
Asking Price: £140,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Richard Watkinson
Condition: Ready to Rent
Rent Range: £545-£595pcm
Yield: 5.1%
Comments: Good starter property for both LL’s and tenants, good EPC, low council tax band. Lots of terrace’s to let so harder to stand out but good pics and price will help. No work needed, tenants just need to be ready for 2 sets of neighbours!

Address: 3 Newstead Avenue, Newark, NG24 1ND
Asking Price: £130,000-140,000
Property Type: 2 Bedroom Semi-Detached
Estate Agent: Newton Fallowell
Condition: Update Required
Rent Range: £525-£575pcm
Yield: 4.92%
Comments: Two great sized bedrooms and plenty of living space, a little dated in all honesty, the kitchen really lets it down…can’t decide what’s on the floor either..carpet effect vinyl?! More £130k than £140k.

Address: 10 Edward Avenue, Newark, NG24 4UZ
Asking Price: £130,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £525-£575pcm
Yield: 5.30%
Comments: The unpainted woodwork and country-esk colours work well due to the age, i’d leave them be. Downstairs bathroom is more often than not a negative for tenants.

Address: Montgomery Road, Newark, NG24 4HA
Asking Price: £125,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £550-£600pcm
Yield : 5.76%
Comments: Need to finish the decor in the living room, ready to go other than that. The striped paper may not be for everyone but it’s not offensive. Lovely kitchen and bathroom. Last sale May 18, #14, 3 bed semi, £105,500 in the same condition.

Address: Lindum Street, Newark, NG24 1NH
Asking Price: £125,000
Property Type: 3 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Rent Range: £525-£575pcm
Yield: 5.52%
Comments: #13 sold in June 18 for £124k with only 2 bedrooms…VERY well presented though. This property is fine, a bit vanilla and bed 3 is a bit tiddly. EPC is pretty low, just to be aware of if the min rating changes then you’ll be in hot water.

Address: 26 Bowbridge Road, Newark, NG24 4BZ
Asking Price: £115,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Martin and Co
Condition: Ready to Rent
Rent Range: £475-525pcm
Yield: 5.47%
Comments: The photos are not helping this house at all…wowzers. The dark wallpaper needs to go in Bed 1 to help it feel lighter, no idea what bed 2 looks like. Bought for £83,320 in July 13, honestly it looked better before.

Address: Sleaford Road, Newark, NG24 1NG
Asking Price: £110,000
Property Type: 2 Bed Mid Terrace
Estate Agent: Newton Fallowell
Condition: Update Required
Rent Range: £500-£550pcm (nearer £550pcm when done).
Yield: 6%
Comments: Not looking great, 1 bed and bathroom need flooring, walls marked so i’d recommend just decorating throughout. Coffee wallpaper and 3 diff types of tile in the bathroom?! Less than £500pcm at present.

Address: Stephen Road, Newark, NG24 2BG
Asking Price: £100,000 – £110,000
Property Type: 3 Bed Semi-Detached
Estate Agent: Jon Brambles
Condition: Ready to Rent
Rent Range: £550-£600pcm
Yield: 6.54%
Comments: 3 Bed #30 sold for £130k in Nov 18 in a similar condition, not really sure why this is so much less! Neutral throughout, no EPC issues, ex council property.

So that’s this week’s selection, we’ve got terraced houses coming out of our ears!! I wouldn’t normal recommend a flat as it’s harder to increase income over time but it’s really quite lovely and i think it would let well. 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 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: 13 Belvoir Road, Balderton, Newark, NG24 3HQ
Asking Price: £135,000
Property Type: 3 Bedroom Semi- Detached House
Estate Agent: Purple Bricks
Condition: Update Required
Rent Range: £600-650pcm (top end once updated)
Yield: 5.77%
Comments: Property is need of an update, particularly the carpet bath and dated kitchen. If i was flipping it then i’d take the wall out to sort out the weird shaped kitchen but that’s a different level! Seems too expensive for what you’re getting.

Address: 16 Baines Avenue, New Balderton, Newark NG24 3BL.
Asking Price: £150,000
Property Type: 2 Bedroom Semi Detached House
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 4.8%
Comments: Previously listed with Alasdair Morrison in Dec 18 but clearly no buyers yet. Nice enough house, nothing to pick fault with. Don’t get much for £150k.

Address: MillGate Apartments, Mill Gate, Newark NG24 4TR
Asking Price: £140,000
Property Type: 2 Bedroom Apartment
Estate Agent: William H Brown
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 4.92%
Comments: Well presented apartment converted just over 3 years ago. Good central location and allocated parking for those that commute. SC and GR not stated so i’d double check with Browns.

Address: 2 Mercia Road, Newark NG24 4NA
Asking Price: £140,000
Property Type: 3 Bedroom Semi – Detached House
Estate Agent: William H Brown
Condition: Minor Updates
Rent Range: £575-625pcm (top end once updated)
Yield: 5.36%
Comments: Purchased back in 2006 for £107k, bad advert previously so i can only comment on the kitchen being the same. Last sale was for £122,500 in April 19 in a similar condition but no garage. Dial down the colours and bed 2 looks like it may be ready for a carpet.

Address: 3 Old Mill Crescent, Newark. NG24 2HY
Asking Price: £125,000
Property Type: 3 Bed Semi-Detached House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield : 5.76%
Comments: Seems to be priced well, last 3 bed sold for £124,950 in April 17. Aside from a bit of weeding, it’s ready to go, if i’m being really picky then maybe get rid of the living room wallpaper but it’s not offensive.


Address: Flat 2, 5 Church Walk, Newark, Nottinghamshire, NG24 1JS
Asking Price: £90,000
Property Type: 1 Bedroom First Floor Apartment
Estate Agent: Richard Watkinson & Partners
Condition: Ready to Rent
Rent Range: £445-495pcm
Ground Rent: £50 PA
Service Charge: £700 PA
Yield: 6.55% (inc SC and GR)
Comments: Fantastic town centre location, lack of parking is going to put some people off. Ideal for a commuter. Purchased for £94,175 when it was first converted in 2007. Never far from a good coffee either!

So that’s this weeks selection, quite a few reductions so not too much choice. Not really anything worth going for this week but 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 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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Address: 15 Byron Close, Newark NG24 4DX
Asking Price: Offers Over £140,000
Property Type: 4 Bed Terrace House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £625-675pcm
Yield: 5.79%
Comments: Very well presented property, i’d be half tempted to leave the bold colours and wallpaper and see what the feedback is, it will feel more like a home than a rental. The area can make it harder to let but it’s swings and roundabouts.

Address: 36 Milner Street, Newark NG24 4AA
Asking Price: £140,000
Property Type: 3 Bed Mid Terrace House
Estate Agent: Newton & Fallowell
Condition: Ready to Rent – just garden tlc
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Owned since 2001, looks like it’s been recently “neutralised” for selling purposes, bad cover up of the old fire place and the garden needs some tlc. Good location for families with Barnby Road Academy around the corner.

Address: 32 Bailey Road, Newark, NG24 4EW
Asking Price: £140,000
Property Type: 3 Bed Terrace House
Estate Agent: Newton & Fallowell
Condition: Some Minor Work Required
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Open plan living will appeal to families plus plenty of off street parking. I’d consider changing/removing the wallpaper in the kitchen and certainly the bedroom carpet and wallpaper. #24 sold for £113k in March which was neutral throughout.

Address: 93 Goldstraw Lane, Fernwood. NG24 3FD
Asking Price: £139,950
Property Type: 3 Bed End Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £575-625pcm
Yield: 5.36%
Comments: Purchased from new back in 2006 for £121,995, doesn’t appear to have changed in this time. Popular location but those bedrooms are small, more suitable for a couple with occasional guests.

Address: 15 Heron Way, Balderton. NG24 3DD
Asking Price: £135,000
Property Type: 2 Bed Semi Detached House
Estate Agent: NOW Homes
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.11%
Comments: This has been on and off the market a lot over recent years, it’s a popular location but the house or the price isn’t working for people. Check the consumer unit and boiler as these will be getting old now if they’ve not been done yet. Bed 2 wallpaper makes the room feel small.

Address: 77 Hatton Gardens, Newark NG24 4BU
Asking Price: £132,500
Property Type: 2 Bed Terraced House
Estate Agent: Newton & Fallowell
Condition: EPC Too Low to Rent
Rent Range: £545-595pcm
Yield: 5.39%
Comments: Really well presented property and in a nice spot too however, it’s an EPC F so it’s not legal to let. Get yourself a copy of the EPC off the register to see whether you’re able to pay for the required improvements before committing.

Address: 22 Hine Avenue, Newark NG24 2LH
Asking Price: £130,000 – £140,000
Property Type: 2 Bed Semi detached House
Estate Agent: Newton & Fallowell
Condition: Needs some minor updating
Rent Range: £525-575pcm
Yield: 4.93%
Comments: Update the master bedroom and the kitchen tiles if you can justify it. Low maintenance garden and parking are nice additions.

Address: 81 Hawton Lane, New Balderton, Newark. NG24 3DH
Asking Price: £129,950
Property Type: 3 Bed Terraced House
Estate Agent: Alasdair Morrison
Condition: Needs Updating Throughout
Rent Range: £575-625pcm (once completed)
Yield: 5.77% (once completed)
Comments: Property is dated throughout, 3 bed end terrace on Stafford Ave in similar condition sold in May for £115k. This property seems to be very pricey for the size, condition and location.

Address: 12 The Brewhouse, Castle Brewery, Newark NG24 4AF
Asking Price: £120,000-£125,000
Property Type: 2 Bedroom Ground Floor Duplex Apartment
Estate Agent: Jon Brambles
Condition: Ready to Rent Service Charge: £3500 PA Ground Rent: £125 PA
Rent Range: £625-675pcm
Yield: 6.3% (inc SC and GR)
Comments: Very spacious apartment in a popular location, one parking space can cause issues and the limited parking. Have carried out 3 let only’s for this apartment with families being the most interested due to the size.

Address: 26 Sawyers Close, Newark, NG24 2HF
Asking Price: £110,000
Property Type: 2 Bed Terraced House
Estate Agent: Edlin & Jarvis
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 6%
Comments: Bought in April 18 for £111,250, nothing to really comment on, a bit vanilla but good size for a couple. Good location for industrial estate access.

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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Another chilly day in Newark and another week of properties to poke around! We’ve got 8 new potential investments this week from £120k to £150k in various styles and locations. I’ve added some comments and given you an idea of what you can expect rent wise if you go for it.

Address: Clarks Lane, Newark, NG24 2EF
Asking Price: £140,000
Property Type: 3 Bed Semi Detached House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £550-600pcm
Yield: 5.14%
Comments: Good little house, the garage has been removed for additional living space and good spot tenants working at Knowhow and NSK. Just note that properties in this area take longer to rent than others.

Address: 2 Friary Rd, Newark NG24 1LE
Asking Price: £150,000
Property Type: 3 Bedroom Terrace
Estate Agent: Newton & Fallowell
Condition: Ready to Rent
Rent Range: £545-595pcm
Yield: 4.76%
Comments: Really well presented house with no work required, lack of parking may put tenants off and the same with the downstairs bathroom. EPC E so bare in mind that regulations may change so you’ll need to spend money.

Address: Warwick Brewery, The Cavalier Building, Newark, NG24 1TL
Asking Price: £135,000
Property Type: 2 Bedroom First Floor Duplex Apartment
Estate Agent: Belvoir!
Condition: Minor Work
Service Charge: TBC
Rent Range: £600-650pcm
Yield: 5.77% (exc service and maintenance charges)
Comments: Popular apartment block, no work required but the electric heating isn’t for everyone. Service and maintenance charges are often around £1k here so check before committing.

Address: 36 Pinfold Lane Balderton, Newark NG24 3LP
Asking Price: £125,000
Property Type: 3 Bedroom Mid Terrace
Estate Agent: Richard Watkinson & Partners
Condition: Minor Work
Rent Range: £525-575pcm
Yield: 5.52%
Comments: A bit vanilla, pretty spacious but just not overly inspiring. Busy road with minimal parking. Lose the blue tiles in the kitchen, paint the woodwork white in the dining room if nowhere else to make it lighter (no window!). Could rent as is for £525pcm but you’ll get better and longer tenants if you spruce it up.

Buttercross Best Buy
Address: 2 Dovedale Terrace, Fernwood, Newark, NG24 3UU
Asking Price: £122,950
Property Type: 2 Bedroom Mid Terrace House
Estate Agent: Newton & Fallowell and Haart
Condition: Ready to Rent
Rent Range: £525-575pcm
Yield: 5.61%
Comments: On with two agents, someone’s keen to get rid! They’ve only been in since March last year..hopefully it’s not bad neighbours. Bought for £117,500, it’s not changed aside from the master bedroom; we let the same property style on Rubys Walk last year for £575pcm.

Address: 6 Whitfield Street,Newark NG24 1QX
Asking Price: £120,000
Property Type: 2 Bedroom Terrace
Estate Agent: The Nottingham Estate Agency
Condition: Neutralise!
Rent Range: £500-550pcm
Yield: 5.5%
Comments: Purchased for £109k in 2015, no previous photos of the bathroom but it looks pretty new along with a bit of paint and marvel wallpaper! Big marvel fan but i’d suggest losing it and maybe update those kitchen tiles if you can. Seems cheap, last couple of two beds have sold for £132,500 and £120k in lesser condition.

Address: Apartment 301, The Tankard Building, Warwick Brewery, Newark, NG24 1TL
Asking Price: £130,000
Property Type: 2 Bedroom First Floor Apartment
Estate Agent: Newton Fallowell
Condition: Ready to Rent
Service Charge: £949.24 PA
Maintenance Charge: £100 PA
Rent Range: £600-650pcm
Yield: 5.95%%
Comments: Same as above, popular area and allocated parking. Good location for the train station. Honestly, i think the apartment above has a more appealing layout and is lighter.

Address: Charles Street, Newark, NG24 1RL
Asking Price: £125,000
Property Type: 2 Bed Mid Terrace House
Estate Agent: Purple Bricks
Condition: Ready to Rent
Rent Range: £500-550pcm
Yield: 5.28%
Comments: Small! It looks very cramped but that could just be the size of furniture, the kitchen is so small and will put tenants off even though it’s modern. Tone down the wallpaper throughout.

So that’s this weeks selection, a couple of good potentialy investments here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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

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

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

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

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

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

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

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

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

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

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

So that’s this weeks selection, a couple of lovely properties in here, give me a call on 01636 343014 or even pop in to the office for a chat to let me know what you think :).

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EYES ON THIS WEEKS 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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