1-bedroom flat · NG24 3DB
For saleListed 52 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** sold with tenant in situ ** Groundfloor Apartment offering an excellent opportunity for investors.
Situated in a popular residential area of Newark, the property benefits, efficient electric heating, and double glazing throughout.
The accommodation comprises a spacious living area, a fitted kitchen with ample storage, and bathroom. Externally, there is off-street parking and well-maintained communal gardens.
Located close to local amenities, transport links, and Newark Northgate Train Station, the property provides easy access to Lincoln, Nottingham, and London Kings Cross-making it ideal for commuters.
This apartment would make an attractive buy-to-let investment, offering a strong return in a desirable rental area.
Monthly rent: £495 Annual rental income: £495 × 12 = £5,940 per year Gross rental yield: (£5,940 ÷ £70,000) × 100 = 8.49% Kitchen Fitted with a range of wall and base level units with work surface over, stainless steel sink with side drainer and mixer tap, tiled splashbacks, cooker point, space for white goods and window.
Lounge/Bedroom Having a window and wall mounted storage heater. Shower Room Fitted with a three piece suite comprising of shower enclosure, low level flush WC, wash hand basin and extractor fan.
Outside Shared communal gardens and allocated parking. Disclaimer These particulars are believed to be correct and have been verified by or on behalf of the Vendor.
However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them.
Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale.
Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.
The services, systems and appliances in the property have not been tested and no guarantee as to their operability or efficiency can be given.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 28, Birch Road, Newark
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