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See how verdicts work2-bedroom terraced house · NG24 1PJ
For saleListed 147 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***walking distance to newark town & northgate train station*** This terraced house is located on Wright Street. And is being sold with no upward chain and a tenant in situ.
This property is an ideal investment and currently acheives a 6% yield currently. This property boasts a cosy atmosphere with its lounge, kitchen, two bedrooms and a family bathroom.
The property also benefits from two cellar rooms perfect for storage, gas central heating and UPVC double glazing.
Outside to the rear the good sized enclosed garden with a lawn area, a paved seating area and a slate stone area with raised planters.
This property is located within a popular residential area off Barnbygate and has easy access to local schools, local amenities and access to good transport links to include the A1, A46, A52 and the A17 making it ideal for commuters.
Newark is a busy market town situated on the river Trent where the Fosse Way meets the Great North Road.
Nottingham, Lincoln, Doncaster and Leicester all lie within commuting distance, whilst the east coast mainline allows London King Cross to be reached within 1 hour and 15 minutes.
Lounge (3.43m x 3.12m (11'3 x 10'3)) Kitchen (3.43m x 3.15m (11'3 x 10'4)) Bedroom One (3.40m x 3.15m (11'2 x 10'4)) Bedroom Two Bathroom (3.12m x 1.42m (10'3 x 4'8)) Cellar One (3.12m x 1.45m (10'3 x 4'9)) Cellar Two (3.12m x 1.65m (10'3 x 5'5))
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 12, Wright Street, Newark
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