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See how verdicts work2-bedroom flat · NG24 4UW
For saleReduced £10k (−8.3%) on 8 SepListed 77 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Marketed with no chain Benefiting from a 25% share of the freehold, this well-maintained first-floor apartment offers a fantastic opportunity for a first-time buyer, downsizer or investor seeking a low-maintenance home in a convenient location.
Unusually, the property benefits from its own private entrance door, single garage and garden space, whilst being offered to the market with no onward chain.
The accommodation begins with a useful entrance hallway, with stairs rising to the first floor and a small landing area providing access to the main living accommodation.
A door opens into a generous lounge, which provides a comfortable and versatile living space.
From the lounge, there is access to a spacious kitchen, which has provision for a freestanding cooker and offers ample scope for the new owner to personalise to their own requirements.
A further door from the lounge leads into an inner hallway, providing access to two well-proportioned bedrooms, together with a shower room.
Externally, the property benefits from its own garden space, providing an attractive additional feature and a pleasant area to enjoy outside, with a communal bin store area, whilst the single garage provides valuable secure parking and storage.
The property is conveniently positioned for those looking to enjoy easy access into the town centre, whilst also offering excellent connectivity to the A46 and Castle train station, making it particularly appealing to commuters.
Further benefits include gas central heating and UPVC double glazing.
Offering a combination of no onward chain, a share of the freehold, private entrance, garage and garden, this is a well-presented and versatile apartment that would make an excellent first-time purchase, investment or low-maintenance home.
The Interactive Property Report can be viewed on the following web portals, under the virtual tour tab on Rightmove, Zoopla, and On The Market.
Further material information for this property can be found within the report and 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 The owner holds 25% share of the freehold, the lease term is 166 years from 1.07.1973. Each apartment is responsible for its own buildings insurance.
The vendor has advised there are no service charge or ground rent payable.
Entrance Hallway (0.89m x 1.88m) 2' 11" x 6' 2" Lounge (4.14m x 4.17m) 13' 7" x 13' 8" Kitchen (3.58m x 4.50m) 11' 9" x 14' 9" maximum measurements Inner Hallway (1.14m x 0.79m) 3' 9" x 2' 7" Bedroom One (3.56m x 3.56m) 11' 8" x 11' 8" Bedroom Two (3.56m x 2.26m) 11' 8" x 7' 5" Bathroom (2.59m x 1.78m) 8' 6" x 5' 10" maximum measurements Garage (5.74m x 2.72m) 18' 10" x 8' 11" Services Mains gas, water, electricity and drainage are connected.
Square Footage The square footage for this property is approximately 869 sq ft.
Please note whilst every care is taken in providing this information as accurately as possible, this figure is calculated whilst creating the property’s 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 property’s layout.
Please contact the office for further information/clarification. The EPC and Interactive Property Report may show a different total square footage.
Agent's 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 choose 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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About 4 Mayfair House Spring Gardens, Newark
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