We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom terraced house · NG24 1HZ
Sold STCListed 39 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** FIRST TIME BUYER OR INVESTORS** 2 Double bedrooms, mid terraced house within walking distance of the market square.
Recently decorated throughout, this house offers 2 large reception rooms downstairs along with the fitted kitchen.
Upstairs are 2 very generous double bedrooms and the family bathroom, with a full-sized bath, with shower over and white WC and basin.
Outside is a good sized enclosed rear garden with a brick-built outhouse and shared access for bins. The house is a very short walk to the local primary school. On street parking.
GCH and DG throughout. Excellent rental property with rental returns in the region of 7.5% and equally good first-time buyer opportunity.
Gas boiler recently serviced and electrical certificate in place till 2030. Newark-on-Trent is a popular market town with excellent road and rail connections with Kings Cross 75 minutes away.
This is a vibrant town with historic character, and a wide range of amenities, schools and leisure facilities.
Kitchen 9' 5" x 6' 7" (2.88m x 2m) Galley kitchen with fitted pale wood coloured base and wall units.
Electric ceramic hob and oven, with space for washer and fridge Lounge 12' 0" x 11' 11" (3.65m x 3.63m) Generous lounge with gas fire.
White walls and dark grey carpets Dining Room 12' 0" x 11' 11" (3.65m x 3.64m) Good sized dining room with gas fire and window facing the yard area.
Understairs cupboard Bedroom 1 13' 1" x 11' 11" (4m x 3.64m) Front facing bedroom with white walls and grey carpets.
Built in wardrobe Bedroom 2 12' 2" x 11' 11" (3.72m x 3.62m) Double bedroom with window overlooking the rear garden and immediate access to the bathroom.
Family Bathroom 9' 6" x 6' 7" (2.9m x 2m) Family bathroom with full sized bath with shower over. White WC and Basin, and cupboard containing the boiler.
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.
Area
Agent & docs
FAQ
About Lovers Lane, Newark, Notts, NG24
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