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See how verdicts work1-bedroom flat · NG23 7BJ
For saleListed 33 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A first floor one bedroomed luxury apartment designed for the Over 55s as a new low maintenance home.
There are just 22 apartments within this purpose built block incorporating a community lounge, community room, visitor suite and parking with EV point.
The original developers, Gusto Homes, are renowned for energy efficient and innovative design. An independent gas fired boiler provides the heating system with panelled radiators.
There is a mechanical ventilation with heat recovery system.
The accommodation, which can be accessed by a lift, includes a reception hall with built in cupboard, open plan kitchen and living space with dual aspect and balcony, double sized bedroom with fitted wardrobes and a luxuriously appointed bathroom.
The village of Collingham is an ideal retirement location.
Within a short distance of the property are a range of facilities including a Co-operative store, one stop shop, family butchers, hairdressers, doctor's surgery, pharmacy and dentist.
The development is close to Collingham railway station with regular services to Lincoln, Newark and Nottingham. There are many social facilities and clubs within the village.
The conservation areas and Collingham Cricket Ground are notable local landmarks. Newark is within 6 miles providing easy access to the A1 and A46 trunk roads.
Newark Northgate railway station is on the main East Coast line with fast train services to London and York. Entrance Hall - Intercom system and central heating radiator.
Built in cupboard with air source Valiant central heating boiler, storage space and the hot water cylinder.
Open Plan Kitchen/Living Space - 6.12m x 4.57m (20'1 x 15') - (11'2 in the kitchen area) Fitted wall units, base units and working surfaces incorporating a one and a half sink unit and drainer.
Integrated electric oven with stainless steel hood, microwave and hob. Integrated dishwasher and fridge freezer. Radiator.
A light and airy south and west facing room with a dual aspect and centre opening French doors to a balcony with glass balustrades.
Bedroom - 4.78m x 3.18m (15'8 x 10'5) - (overall measurements including the door recess) Built in wardrobe with sliding mirrored doors, radiator.
Bathroom - 2.69m x 1.70m (8'10 x 5'7) - With 5'7 wide shower screen and chrome fittings with tiled surround. Pedestal basin, low suite WC and heated towel rail.
Services - Mains water, electricity, and drainage are all connected to the property. There is an air source heat pump Service Charge - The current service charge is £175 per month.
This covers building insurance, building repairs and maintenance/servicing of the communal areas. Tenure - The property is Leasehold. Term of 999 years from 1 January 2021.
Viewing - Strictly by appointment with the selling agents. Mortgage - Mortgage advice is available through our Mortgage Adviser.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Possession - Vacant possession will be given on completion.
Council Tax - The property is listed under Newark and Sherwood District Council Tax 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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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.
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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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FAQ
About The Poppyfields, Collingham, Newark
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