1-bedroom flat · NG24 1UW
Sold STCListed 95 days
Opportunity summary
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About
Guide price £140,000 to £150,000. 'share of freehold' A superb first floor apartment situated in this prestigious and beautiful Grade II listed building in the heart of Newark town centre.
The property has lofty ceilings and deep wooden skirtings. The accommodation includes a fabulous open plan living/dining/kitchen area, a double bedroom and a well appointed shower room.
The property is centrally heated, has an allocated parking space and is available for purchase with no chain. Situation And Amenities The property is situated a short distance from the town centre.
Newark Northgate railway station has fast trains connecting to London King's Cross with journey times of approximately 75 minutes.
Additionally Newark Castle station has trains connecting to Nottingham and Lincoln. There are nearby access points for the A1 and A46 dual carriageways.
Shopping facilities in Newark include a recently opened M&S food hall, Asda, Waitrose, Morrisons and Aldi.
Newark also boasts several individual boutique shops as well as major retail chains and an array of markets.
There is a wide range of schooling in the area, and leisure facilities are plentiful including a fine choice of restaurants and bars, fitness centres, gymnasiums and golf courses.
Introduction Bishops Place is an exclusive development of just 15 luxury apartments located in the heart of Newark Town centre.
This iconic Grade II listed 18th Century building was originally built for Dr Bernard Wilson, the vicar of Newark, in the late 18th century and was sympathetically converted by local developers in 2021.
The apartments retain many original features, such as high ceilings, picture rails, sash windows, exposed beams and cast-iron radiators. Access to the apartments is via a secure door entry system.
Accommodation Upon entering the front door of the apartment, this leads into: Entrance Hallway The entrance hallway has an intercom answerphone system, and laminate flooring.
The hallway provides access to the living/dining/kitchen area and the shower room. Open Plan Living/Dining/Kitchen Area This beautiful space has single glazed windows with shutters and high ceilings.
Kitchen Area (9' 5'' x 7' 2'' (2.86m x 2.19m)) The kitchen area has triple aspect windows and is fitted with a range of base units, integrated appliances include an oven, electric hob with extractor fan over, fridge/freezer and a radiator.
Living/Dining Area (20' 0'' x 12' 5'' (6.10m x 3.79m)) The lounge area once again has nice high ceilings and a door into the main bedroom.
Bedroom (9' 11'' x 8' 11'' (3.01m x 2.72m)) A good sized double bedroom having two large single glazed windows with shutters, carpet flooring and a radiator.
Shower Room (7' 1'' x 4' 7'' (2.17m x 1.40m)) The shower room has a large single glazed window with shutters and is fitted with a corner shower cubicle, a sink and WC.
The room has laminate flooring and a heated towel rail.
Outside Bishops Place is located in secure grounds with delightful gardens and is accessed via electrically operated gates which lead onto the allocated parking.
Apartment 13 has one allocated parking space. Lease Information The tenure of the property is leasehold on a 150 year lease from January 1st 2019. There is a Peppercorn Ground Rent required.
The current service charge is £1,984.56 per annum, and this includes buildings insurance. The Management Company is Base Lockwood . Council Tax The property is in Band B.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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About Flat 13 Bishops Place, Balderton Gate, Newark
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