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See how verdicts work2-bedroom house · NG24 3JE
No longer listedListed 187 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £170,000 to £180,000. An individual two bedroom detached bungalow situated in a popular location a short distance from local amenities.
In addition to the two bedrooms, the property has a well proportioned and spacious lounge, a breakfast kitchen and a well fitted bathroom.
The property benefits from having off road parking, a single garage, double glazing and electric storage heating.
No chain Situation And Amenities Balderton is located approximately three miles to the south of the market town of Newark on Trent.
Local amenities include a post office, pharmacy, supermarkets including Lidl, Tesco and Sainsburys, a Health Centre, well respected schools and regular bus services to Newark town centre.
Newark has excellent shopping facilities including major retail chains, Marks & Spencer food and Waitrose.
The town is ideally placed for commuter links with the A46 to Nottingham and Lincoln, and the A1 for travel North and South.
In addition, Newark Northgate Railway Station is on the East Coast mainline and regular trains to London take approximately 80 minutes.
Additionally Newark Castle station has trains connecting to Nottingham and Lincoln.
Accommodation Upon entering the front door, which is located to the side of the property, this leads directly into the breakfast kitchen.
Breakfast Kitchen (15' 4'' x 8' 9'' (4.67m x 2.66m)) This excellent sized breakfast kitchen has a window to the front elevation and a large archway opening through into the lounge making both rooms particularly bright and airy.
The kitchen area is fitted with a comprehensive range of wooden base and wall units, including display cabinets, with tiled work surfaces and splash backs.
There is a one and a half bowl sink, an integrated oven with electric hob and extractor hood above, and also an integrated fridge. In addition there is space and plumbing for a washing machine.
The breakfast kitchen is of sufficient size to comfortably accommodate a dining table, and has a ceramic tiled floor, a ceiling strip light, cornice to the ceiling, a further ceiling light point above the dining area, and an electric storage heater.
A personnel door leads through to the garage.
Lounge (17' 3'' x 15' 4'' (5.25m x 4.67m)) This very large reception room has glazed French doors that lead through to the front conservatory/front porch, and a further door provides access to the inner hallway.
The lounge has wood laminate flooring, cornice to the ceiling, wall light points and an electric storage heater.
Conservatory/Front Porch (7' 7'' x 5' 9'' (2.31m x 1.75m)) This dual purpose room is of dwarf brick wall construction with a upvc frame and has triple aspect windows.
A further glazed door provides access out to the front of the bungalow. This room has a ceramic tiled floor and serves as both a front porch and a small conservatory.
Inner Hallway The inner hallway provides access to both bedrooms and the bathroom, and has cornice to the ceiling.
Bedroom One (11' 6'' x 11' 3'' (3.50m x 3.43m) (at its widest points)) An excellent sized double bedroom with a window to the rear elevation.
This bedroom has a comprehensive suite of fitted wardrobes, wood laminate flooring, cornice to the ceiling, a ceiling light point and an electric storage heater.
Bedroom Two (11' 3'' x 7' 9'' (3.43m x 2.36m)) A further double bedroom with a window to the rear elevation, wood laminate flooring, cornice to the ceiling, a ceiling light point and an electric storage heater.
Access to the roof space is obtained from bedroom two. In addition there is a small fitted storage cupboard.
Bathroom (8' 3'' x 6' 6'' (2.51m x 1.98m)) The bathroom has an opaque window to the rear elevation and is fitted with a coloured suite comprising bath, pedestal wash hand basin and WC.
In addition there is a separate walk in shower cubicle with mains shower fitted.
The bathroom has ceramic floor tiling, part ceramic wall tiling, cornice to the ceiling, a ceiling light point, a wall mounted heater, an extractor fan and a shaver socket.
Garage (16' 11'' x 8' 10'' (5.15m x 2.69m)) The garage has an electrically operated up and over door to the front elevation, and a personnel door that leads back through into the breakfast kitchen.
The garage is equipped with both power and lighting. Outside The bungalow sits on a small but private plot, and to the front is a substantial tarmac driveway and an ample off road parking area.
This in turn leads down to the garage and front door. Also located to the front of the property is a raised flowerbed and a useful garden store.
There is gated access around the side of the property to the rear where there is a gravel pathway. Council Tax The property is in Band C.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
Area
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FAQ
About 261, London Road, Newark
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