2-bedroom flat · NG24 1PZ
For saleListed 511 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Barnby House is a superb apartment complex, consisting of 8 quality apartments and is located in the heart of Newark town centre, just a stone's throw from the market square and the host of amenities the town has to offer.
Apartment 5 is a spacious first floor apartment that provides low maintenance, modern living and represents a property to move straight into.
The apartment is accessed from a communal entrance hallway and provides accommodation comprising: Entrance hallway, separate WC, large open plan living/dining kitchen space with the modern kitchen having granite work surfaces, four ring electric hob and electric oven.
Back from the hallway there is also access to two double bedrooms and a family bathroom suite.
The apartment benefits from a 1/8 share of the freehold, as well as a reasonable service charge which includes building insurance and no ground rent.
Other features of this apartment include a secure telephone entry system, double glazing throughout and electric heating.
An Interactive Property Report for this property can be viewed via the following web portals, under the virtual tour tab on Rightmove, Zoopla, On The Market and Newton Fallowell.
The report includes further material information, 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: E Lease Details/Share Of Freehold Management Company - Barnby House Management Company Length of Lease - 1000 years, starting from 28/12/2014 (approximately 990 years remaining) The vendor has advised they currently pay £100 pcm to Barnby House Management Company for the upkeep and maintenance of all communal areas.
These charges can be subject to change. We have been advised this payment includes buildings insurance. There is no ground rent due to the apartment owning 1/8 share of the freehold.
Newark A traditional market town that benefits from its excellent location, situated just off the A1 and A46 between the cities of Nottingham and Lincoln and having 2 railway stations including Northgate Station which is on the east coast Main line offering commuters and shoppers easy access to London.
The town is full of character with its bustling traditional cobbled market square and ruins of Newark castle that date back to 1123.
Newark boasts a wealth of successful independent shops and boutiques, as well as a wide range of national chains.
The town also offers an array of restaurants and cafes, a theatre and a multi-screen cinema.
Newark is also a hub for antique enthusiasts, with its various antique shops and regular antique fairs held at the nearby Newark Showground.
Entrance Hall (4.01m x 1.04m) 13' 2" x 3' 5" WC (2.23m x 1.14m) 7' 4" x 3' 9" Open Plan Living/Dining Kitchen (7.67m x 4.75m) 25' 2" x 15' 7" maximum measurements Kitchen Area (4.75m x 2.41m) 15' 7" x 7' 11" maximum measurements Lounge/Diner (4.80m x 4.75m) 15' 9" x 15' 7" Bedroom One (3.58m x 3.40m) 11' 9" x 11' 2" maximum measurements Bedroom Two (4.65m x 2.39m) 15' 3" x 7' 10" Bathroom (2.74m x 2.08m) 9' 0" x 6' 10" maximum measurements Windows Double glazed wooden windows.
Services Mains electricity, water and drainage are connected.
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 produce identification documentation at the offer stage and we would 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
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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 Apt 5, Barnby House, Newark
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