We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · NG24 3GB
For saleListed 97 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale on a 50% shared ownership basis with Waterloo Homes, this well-presented semi-detached leasehold home provides an excellent opportunity for first-time buyers looking to step onto the property ladder.
The monthly rent is £214.80 (to be verified). This amount includes both the service charge and ground rent.
Situated on a popular residential development in the highly sought-after village of Balderton, the property is conveniently located close to a wide range of local amenities, well-regarded schools and excellent transport links.
The accommodation comprises an entrance hallway, a fitted kitchen, a spacious lounge/dining room and a downstairs cloakroom/W.C.
To the first floor are two generous double bedrooms and a family bathroom. The property further benefits from gas central heating and double glazing throughout.
Externally, there is a side driveway providing off-road parking together with a fully enclosed rear garden, offering an ideal space for relaxing or entertaining.
Balderton is located on the southeastern edge of Newark and offers an excellent range of everyday amenities including two primary schools, a secondary school, a variety of shops, Sainsbury's and Lidl supermarkets, a Post Office, public houses, takeaways, a doctors' surgery, veterinary practice and a regular bus service providing easy access into Newark town centre.
To book A viewing with Purplebricks - You can use the brochure link in the full property description in the Rightmove advert or book online via the Purplebricks Website, App, or phone our main number found on Google.
Property Ownership Information Tenure Shared ownership Council Tax Band A Percentage Share Owned 50% Additional Monthly Rent £214.80 Annual Ground Rent No ground rent Ground Rent Review Period Every 1 year Annual Service Charge No service charge Service Charge Review Period Every 1 year Lease End Date 14/05/2145 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
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FAQ
About 38, Hayside Avenue, Balderton, Newark
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