1-bedroom flat · NG24 3SU
Listing removedListed 551 days
Opportunity summary
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About
***over 55's first floor apartment*** guide price £100,000-£110,000*** This one bedroom first floor apartment is set within the popular Warwick Court development with a real sense of community located close to amenities and being sold with no upward chain.
The accommodation comprises of an entrance hall which includes a Stannah stair lift to the first floor, a lounge, modern kitchen with an integrated washing machine and fridge freezer, a double bedroom and a shower room.
This property is located within a gated community within the village of Balderton where you will find many amenities to include a mini supermarket, pubs, a vets and more.
Newark town centre is located approximately 2 miles away where you will find many shops and amenities.
This property has good transport links making it ideal for commuters and has easy access to the A1, A52, A46 and A17.
The east coast train line from Newark Northgate station allows London Kings Cross to be reached within 1 hour and 15 minutes Leasehold: The property has 103 years remaining on the lease, ground rent is £140 per year and the service charge is £140 per quarter.
The lease states no pets Kitchen (3.15m (10'4") x 1.75m (5'9")) Lounge (4.67m (15'4") x 3.15m (10'4")) Shower Room (2.97m (9'9") x 1.96m (6'5")) Bedroom One (4.98m (16'4") x 2.97m (9'9")) Hall Bathroom
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
Agent & docs
FAQ
About 17, Warwick Court, Newark
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