1-bedroom flat · NG24 1EL
Listing removedListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A unique opportunity to own a beautiful character property in the heart of Newark On Trent.
This property would be ideal for investment as potential AirBnb or simply for an owner occupier looking to be in a central location.
The property consists of a retail unit currently let out as a bookshop along with a one bedroom apartment on the first floor.
The apartment has a separate entrance and even lift access from the ground floor.
The apartment was completely remodeled in 2018 and spans over 780 sq ft and has internal wall insulation and secondary glazing to enhance thermal and acoustic performance.
The area Located just off Newark Market Square this property is in prime position for those that enjoy town centre living and convenience quite literally on your doorstep.
The property Ground Floor Retail Space (10.54m x 5.11m) - Currently let with 3 years left as a book shop. Staff Store (3.89m x 2.18m) - Store, kitchen and toilet for staff.
Apartment Entrance Hall (1.89m x 1.89m) - Accessed via the side entrance the entrance hall has storage for the waste bins.
Office (3.45m x 2.35m) - A ground floor room with large bay window which would make an ideal office. Lift access to the first floor and also stairs to the first floor.
First Floor Utility (2.63m x 1.15m) - Arriving via the stairs you pass the combined WC & utility space housing the washing machine, toilet and sink.
Bedroom One (4.40m x 2.90m) - The large double bedroom has built in wardrobes with a door leading to the wetroom. The lift access is from the bedroom.
Wetroom (2.37m x 1.65m) - The wetroom is fully tiled with a toilet, sink and mixer shower. There is a cupboard housing the combi boiler.
Living Room (5.08m 3.48m) - Heading down the hallway you reach the living room which is a great size with glazed double doors into the kitchen giving it lots of natural light.
Kitchen (5.11m x 3.31m) - The generous kitchen has dual aspect windows and a range of store cupboards. You have a built in dishwasher, oven and gas hob.
There is also space for a fridge freezer plus ample room for your dining table.
Virtual tour - Follow the link to our Matterport virtual tour - Council tax band - Apartment - A Business rates - Retail rateable value £6,400 Energy performance rating - Apartment - C and retail unit - F Size - Total 1,592 sq ft Tenure - Freehold Tenancy information - Retail unit let with 3 years remaining producing an income of £7,200 pa.
Viewings - Available 7 days a week, strictly by appointment and availability. Call to book your viewing . Material information Construction type - Solid Brick.
Internal wall insulation and secondary glazing in apartment. Electricity supply - Mains. One supply feeding the building. Water supply - Mains. One supply feeding the building.
Sewerage - Mains Heating - Mains Gas (Apartment only). Broadband speed - Superfast up to 80 mbps. Mobile signal coverage - O2, Vodafone, EE & Three - Likely.
The boring bits Money laundering - We may ask for further details regarding your identification and proof of funds after your offer on a property. Please provide these in order to reduce any delay.
Details - We endeavour to make the details and measurements as accurate as possible. However, please only take them as indicative only. Measurements are taken with an electronic device.
If you are ordering carpets or furniture, we would advise taking your own measurements upon viewing. Services - No services have been tested by Buttercross Estates.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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 3 Queens Head Court, Newark
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