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See how verdicts work3-bedroom terraced house · NG24 1HZ
For saleListed 12 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
GUIDE PRICE £170,000 to £180,000. A delightful mid terrace property that has been refurbished by the present owners and is beautifully presented throughout.
The property is located a short distance from the town centre, and has accommodation comprising a SPACIOUS OPEN PLAN LOUNGE/KITCHEN/DINING SPACE, and three bedrooms and a family shower room on the first floor.
This lovely home has a garden area to the front and a courtyard style garden with covered seating area to the rear. In addition there is a garage. Double glazing and gas central heating are installed.
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.
Accommodation Upon entering the front door, this leads into: Entrance Hallway The entrance hallway has an opening leading into the lounge, and the staircase rising to the first floor.
The hallway has two storage cupboards, laminate flooring, a ceiling light point and a radiator.
LOUNGE/DINING/KITCHEN AREAS 24' 11'' x 15' 9'' (7.60m x 4.79m) (overall measurements of all three areas combined, at widest points) Lounge Area 14' 0'' x 12' 1'' (4.26m x 3.68m) A lovely spacious lounge area having a window overlooking the front garden, a feature fireplace with gas fire inset, laminate flooring and spotlights to the ceiling.
The lounge area is open plan to the dining/kitchen areas via an opening.
Dining Area 11' 3'' x 7' 7'' (3.44m x 2.31m) The dining area has a window to the rear elevation, wood effect ceramic tiled flooring, a vertical radiator and spotlights to the ceiling.
Kitchen Area 11' 9'' x 8' 1'' (3.58m x 2.46m) The kitchen area has a window to the rear elevation and a door leading out into the garden.
Fitted with a range of contemporary wall and base units with wooden work surfaces.
There is a stainless steel sink, and integrated appliances include a Bosch oven, a Bosch induction hob with extractor over and a dishwasher.
In addition there is space and plumbing for a washing machine, and further space for a vertical fridge/freezer.
The kitchen area has continuation of the wood effect ceramic tiled flooring and spotlights to the ceiling. Also located here is an under-stairs storage cupboard.
First Floor Landing The staircase rises from the entrance hallway to the first floor landing which has doors into the three bedrooms and the shower room.
The landing has a ceiling light point and also provides access to the loft.
Bedroom One 12' 8'' x 9' 0'' (3.87m x 2.74m) A good sized double bedroom having a window to the front elevation, a built-in wardrobe, laminate flooring, a ceiling light point, two wall light points and a radiator.
Bedroom Two 10' 11'' x 9' 11'' (3.32m x 3.01m) A further good sized double bedroom with a window to the rear elevation, a built-in wardrobe, the same laminate flooring, a ceiling light point and a radiator.
Bedroom Three 8' 6'' x 6' 7'' (2.59m x 2.01m) Bedroom three is currently used as a dressing room, and has a window to the front elevation, laminate flooring, a ceiling light point and a radiator.
Shower Room 7' 11'' x 5' 9'' (2.42m x 1.75m) This room has an opaque window to the rear elevation and is fitted with a corner shower cubicle with rainwater head shower, wash hand basin with storage cupboard below, and a WC.
The shower room is complemented with fully tiled walls. In addition there are spotlights to the ceiling, laminate flooring, an extractor fan, a heated towel rail and a wall mounted mirror.
There is also a cupboard housing the boiler located here. Outside The front garden area is mainly laid to lawn with a feature gravel border containing a variety of shrubs.
Rear Garden The secluded courtyard style rear garden has a lawn area and also a covered seating area. There is an outside socket, a tap and a wall mounted light.
At the foot of the garden is a gate which leads out to where the garage is located. Garage 15' 9'' x 8' 2'' (4.8m x 2.50m) The garage is situated in a block of other garages.
It has an up and over door and is equipped with both power and lighting. Council Tax The property is in Band B.
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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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
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FAQ
About Lovers Lane, Newark
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