4-bedroom bungalow · NG23 7PE
Listing removedReduced £10k (−3.3%) on 21 JunListed 335 days
Opportunity summary
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About
Guide price £300,000 to £325,000. A substantial three/four bedroom detached bungalow situated on a large corner plot and available for purchase with no chain.
In addition to the bedroom accommodation there is an excellent sized lounge, a fitted kitchen, cloakroom and shower room.
There is a large garage, off road parking and gardens that sweep around all sides. The property is double glazed, has gas central heating and is also equipped with solar panels.
Situation And Amenities Collingham is a vibrant village situated approximately 6 miles from the historic market town of Newark on Trent, with a vast range of amenities.
There is an excellent primary school, medical centre, dentist, library, a Co-op and a good range of local shops.
There are public houses in the village that provide good food, and a variety of social clubs and organisations.
Conveniently situated for access to the A46 for commuting to Lincoln, the A1 and Newark, the latter having a direct rail link to London Kings Cross (approximately 80 minutes).
Collingham also has its own railway station with frequent trains to Lincoln, Newark and Nottingham.
Accommodation Upon entering the front door, this leads into: Entrance Porch The entrance porch has a ceiling light point and a glazed door into the reception hallway.
Reception Hallway The reception hallway has a ceiling light point and provides access to the cloakroom, kitchen and lounge.
Cloakroom The cloakroom has an opaque window to the side elevation and is fitted with a WC and a ceiling light point.
Kitchen (11' 10'' x 8' 10'' (3.60m x 2.69m)) Having a window to the side elevation and a half glazed door leading out into the garden.
The kitchen is fitted with a comprehensive range of wooden base and wall units with roll top work surfaces and tiled splash backs.
There is a one and a half bowl stainless steel sink, an integrated fridge and freezer, space for a freestanding gas cooker and further space for a washing machine and tumble dryer.
The kitchen has cornice to the ceiling and a ceiling light point.
Lounge (15' 2'' x 12' 11'' (4.62m x 3.93m)) This excellent sized reception room has a window to the front elevation and a door into the inner hallway.
The lounge has a wall mounted gas fire with back boiler, cornice to the ceiling, a ceiling light point and a radiator.
Inner Hallway The inner hallway provides access to bedrooms one, two and four together with the shower room. There is a useful storage cupboard, a ceiling light point and a radiator.
Access to the loft space is obtained from the inner hallway.
Bedroom One (12' 2'' x 11' 11'' (3.71m x 3.63m)) An excellent sized double bedroom with a window to the side elevation, a fitted wardrobe with sliding mirror doors, a ceiling light point and a radiator.
Bedroom Two (11' 11'' x 9' 7'' (3.63m x 2.92m)) Bedroom two has a window overlooking the garden, a ceiling light point and a radiator. A door leads through to bedroom three.
Bedroom Three (13' 6'' x 7' 6'' (4.11m x 2.28m)) This bedroom has a window overlooking the garden and provides further access to the roof space. In addition there are wall light points and a radiator.
Bedroom Four/Study (8' 10'' x 6' 11'' (2.69m x 2.11m)) This room has a window to the side elevation, cornice to the ceiling, a ceiling light point and a radiator.
Shower Room (6' 7'' x 6' 2'' (2.01m x 1.88m)) The well appointed shower room has an opaque window to the side elevation and is fitted with an oversized walk-in shower cubicle with mains rainwater head shower, vanity unit with wash hand basin inset and storage beneath, and a WC.
The room is complemented with mermaid board and recessed ceiling spotlights. There is also an extractor fan and a heated towel rail.
Outside The property stands on an excellent sized corner plot and to the front is a footpath leading to the front door, either side of the footpath are lawned and enclosed gardens.
The gardens sweep around either side and to the rear and are laid primarily to lawn with a number of mature shrubs, plants and trees. The timber shed is included within the sale.
To the rear of the property is the driveway which provides off road parking and in turn leads to the garage.
Garage (18' 2'' x 11' 8'' (5.53m x 3.55m)) This oversized garage has an electrically operated up and over door to the front elevation, a window to the side and a personnel door to the rear.
The garage is equipped with power and lighting. Probate The sale of this property is subject to probate. Council Tax The property is currently in Band C.
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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FAQ
About 5, The Hemplands, Newark
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