4-bedroom house · NG24 2BL
Listing removedListed 260 days
Opportunity summary
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About
GUIDE PRICE £125,000 to £130,000. Spacious four bedroom duplex apartment (approx. 1,000 sq. ft.) in a popular residential area.
Features kitchen, hallway/dining area, large lounge, bathroom, and enclosed rear garden. Double glazed, gas central heating. Low annual charges — ideal for families or investors.
Situation and Amenities The property is situated in a popular residential location.
Newark Northgate railway station has fast trains connecting to London King's Cross with journey times of approximately 75 minutes.
Additionally Newark Castle station has trains connecting to Nottingham and Lincoln. There are nearby access points for the A1 and A46 dual carriageways.
Shopping facilities in Newark include a recently opened M&S food hall, Asda, Waitrose, Morrisons and Aldi.
Newark also boasts several individual boutique shops as well as major retail chains and an array of markets.
There is a wide range of schooling in the area, and leisure facilities are plentiful including a fine choice of restaurants and bars, fitness centres, gymnasiums and golf courses.
Accommodation Upon entering the front door which is at ground level, this leads into: Entrance Hall/Dining Area The entrance hallway is 'L' shaped in design and provides a most useful and versatile space.
The hallway has the staircase rising to the first floor and an opaque window to the front elevation.
Dining Area 9' 6'' x 4' 7'' (2.89m x 1.40m) The dining area has laminate flooring, a ceiling light point and a radiator. An opening leads through to the kitchen.
Kitchen 8' 6'' x 8' 0'' (2.59m x 2.44m) The kitchen has a window to the rear elevation and a door providing access out to the garden.
The kitchen is fitted with a range of base units and has a one and a half bowl stainless steel sink, space for a free standing electric cooker and space and plumbing for a washing machine.
There is a ceiling light point and a radiator. The central heating boiler is located here.
First Floor Landing The staircase rises from the entrance hallway to the first floor where the principle accommodation is located.
The landing has a window to the side elevation, doors into all four bedrooms, the lounge and bathroom. The landing has two ceiling light points and a radiator.
Access to the roof space is obtained from here.
Lounge 22' 11'' x 11' 3'' (6.98m x 3.43m) This extraordinarily large reception room has dual aspect windows to the front and rear elevations, two ceiling light points and two radiators.
The lounge also has laminate flooring and a picture rail.
Bedroom One 12' 0'' x 10' 2'' (3.65m x 3.10m) An excellent sized double bedroom with a window to the front elevation, laminate flooring, a ceiling light point and a radiator.
Bedroom Two 9' 1'' x 9' 0'' (2.77m x 2.74m) A double bedroom with a window to the rear elevation.
This bedroom has a fitted storage cupboard, laminate flooring, a ceiling light point and a radiator.
Bedroom Three 10' 2'' x 9' 6'' (3.10m x 2.89m) This excellent sized third bedroom is 'L' shaped in design and sits above the staircase.
The bedroom has a window to the front elevation, laminate flooring, a ceiling light point and a radiator.
Bedroom Four 9' 1'' x 9' 0'' (2.77m x 2.74m) A good sized fourth bedroom with a window to the rear elevation, a useful storage cupboard, laminate flooring and a ceiling light point.
Bathroom 6' 5'' x 5' 5'' (1.95m x 1.65m) The bathroom has a high level window to the rear elevation and is fitted with a white suite comprising bath with shower mixer tap attachment, pedestal wash hand basin and WC.
The bathroom is complemented with ceramic floor and wall tiling. In addition there is a ceiling light point and a heated towel rail.
Outside To the rear of the apartment is a fully enclosed garden which is laid primarily to lawn and bounded by low fencing and mature hedgerow.
There is a raised decked area which provides an ideal outdoor seating space. LEASE INFORMATION The tenure of the property is leasehold on a 125 year lease from 16 June 1989.
There is a current ground rent of £10.00 per annum and a current maintenance charge of approximately £250.00 per annum both payable to Newark & Sherwood District Council.
Council Tax The property is in Band A.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About Meering Avenue, Newark
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