4-bedroom house · NG24 3GF
To rentReduced £100 (−6.9%) on 30 SepListed 88 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Freshly decorated, 3 storey, 3 to 4 bedroomed town house on this quiet street on Fernwood.
The ground floor is comprised of a garden room/bedroom with double doors onto the garden, utility room and downstairs cloaks.
On the first floor is spacious living room with feature fireplace and doors onto the balcony and the mordern white fitted kitchen, with electric cooker, fridge/freezer, dishwasher.
On the top floor there is a large double bedroom with built in wardrobes and ensuite shower room, family bathroom, a further double bedroom with wardrobes and a single bedroom There is an integrated single garage and drive for one car, as well as a store room.
and one single bedroom. Enclosed low maintenance rear garden. Located on the desirable second phase of the Fernwood development, this house is perfect for professionals and families.
Easy access to local services and schools, including the Grantham Grammars Short drive to Newark, which is 1hr 15 from Kings Cross London and the A1.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
Agent & docs
FAQ
About Cormack Lane, Fernwood, Newark, Nottinghamshire, NG24
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