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See how verdicts work2-bedroom flat · NG24 3RF
Sold STCListed 41 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Guide price £110,000 to £120,000 - marketed with no chain.
Superbly maintained, this modern top floor apartment is located in the heart of the popular Fernwood village with local amenities close to hand as well as superb transport links including the A1.
Having the unusual benefit of a single garage & driveway, this spacious apartment would make an ideal first time buy, investment or lock up and leave.
The apartment is accessed via a communal entrance and stairwell, with the property's accommodation comprising: Entrance hallway, spacious lounge/diner with Juliet balcony, kitchen with appliances to include a four ring gas hob, electric oven and fridge/freezer, family bathroom suite, and two double bedrooms, both of which having fitted wardrobes and the main bedroom also having an ensuite shower room.
Outside, there is a small lawned communal garden with the garage and driveway found in a neighbouring coach house block.
Other features of this home include gas central heating and UPVC double glazing.
An Interactive Property Report for this property can be viewed on the following web portals, under the virtual tour tab - Rightmove, Zoopla and Newton Fallowell.
The report includes a wealth of material including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.
EPC Rating: C Lease Details Management Company - Centrick Building & Estate Management Years Remaining on Lease - 999 years from 1 September 2006,981 Years remaining Current Ground Rent per annum - £165.87 Current Service Charge per annum - £1,664.50 Buildings insurance is included in the service charge.
Fernwood Fernwood is located on the edge of Balderton, approximately 3 miles south of Newark giving easy access to the A1, only 4.5 miles to the A46 and benefitting from a regular bus service.
There is a range of amenities including a day nursery, primary school, village hall, 2 public houses, convenience store, fitness gym, personal training centre, and a hairdressers.
Lounge/Diner (4.42m x 4.19m) Kitchen (2.69m x 2.62m) Bedroom One (4.45m x 2.97m) Maximum measurements Ensuite (1.80m x 1.68m) Maximum measurements Bedroom Two (2.82m x 2.62m) Maximum measurements Bathroom (2.67m x 2.62m) Maximum measurements Services Mains gas, electricity, water and drainage are connected.
Square Footage The square footage for this property is approximately 653 sq ft.
Please note whilst every care is taken in providing this information as accurately as possible, this figure is calculated whilst creating the propertys floor plan, which does not factor in a number of potential variations including wall thickness, curves, triangular walls, chimney breasts etc and alterations to the floorplan to ensure it is representative of the propertys layout.
The square footage may also include garages, porches, outbuildings, garden buildings and external corridors where applicable, please contact the office for further information/clarification.
The EPC and Interactive Property Report may show a different total square footage.
Agents Note - Sales Particulars Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract.
All services, heating systems and appliances have not and will not be tested, and no guarantees have been provided for any aspects of the property, measurements are taken internally and cannot be assumed to be accurate, they are given as a guide only.
Anti-Money Laundering Regulations Intending purchasers will be asked to confirm their identity at the offer stage and we ask for your co-operation in order that there will be no delay in agreeing a sale.
Referrals Newton Fallowell Newark and our partners provide a range of services to our vendors and buyers.
Conveyancing - If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers, we may receive a referral of up to £350 if you choose to use their services, there is no obligation to use solicitors we refer to.
Mortgage Advice - Correct budgeting is crucial before committing to purchasing a property.
You are free to arrange your own advice, but we can refer you to the Mortgage Advice Bureau who are in house for specialist advice on 1000s of mortgage deals if required.
Please be aware that we may receive a fee of £332 if you ultimately choose to arrange a mortgage/insurance through them.
Property Surveys - If you require a property survey of any kind, we can refer you to an RICS surveyor, and we may receive a referral fee of up to £30 should you chose to arrange a survey through them.
For more information, please call the office.
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.
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FAQ
About 20 Johnsons Road, Newark
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