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See how verdicts work2-bedroom flat · NG24 1JE
Listing removedReduced £2k (−2.2%) on 12 AugListed 271 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally positioned within easy reach of Newark town centre and its train stations, this first floor flat is offered for sale with the benefit of an already extended lease and no onward chain.
The practical accommodation features an entrance hallway with useful storage, two comfortable bedrooms, a kitchen breakfast room ideal for everyday living and a shower room.
To the rear, residents can enjoy a paved outdoor area perfect for clothes drying, while a designated residents' parking area is conveniently located to the side of the building.
Whether you're taking your first step onto the property ladder, seeking a smart buy-to-let opportunity or downsizing to a low-maintenance home in a convenient location, this property offers an appealing and versatile option.
Early viewing is highly recommended.
Description Ideally positioned within easy reach of Newark town centre and its train stations, this first floor flat is offered for sale with the benefit of an already extended lease and no onward chain.
The practical accommodation features an entrance hallway with useful storage, two comfortable bedrooms, a kitchen breakfast room ideal for everyday living and a shower room.
To the rear, residents can enjoy a paved outdoor area perfect for clothes drying, while a designated residents' parking area is conveniently located to the side of the building.
Whether you're taking your first step onto the property ladder, seeking a smart buy-to-let opportunity or downsizing to a low-maintenance home in a convenient location, this property offers an appealing and versatile option.
Early viewing is highly recommended. Location Newark-on-Trent is a historic Market Town located in Nottinghamshire, known for its charming blend of old and new.
The town's rich history is evident in its impressive medieval castle, which offers stunning views of the surrounding countryside.
Additionally, Newark boasts an array of cultural attractions, including the National Civil War Centre, which delves into the town's pivotal role in the English Civil War.
Newark-on-Trent offers a range of amenities and facilities including a bustling market square, numerous shops, restaurants and cafes, parks, sports fields and a leisure centre.
The town is also well-connected in terms of transportation, with easy access to major roads and a railway station that provides links to nearby cities.
Entrance door to communal hallway Staircase to the first floor landing.
Hallway 14' 1" x 2' 11" (4.3m x 0.9m) With a built-in cloaks cupboard, built-in airing cupboard housing the hot water cylinder, radiator, laminate flooring, access to the loft and doors to the kitchen breakfast room, shower room, living room and two bedrooms.
Living room 14' 1" x 12' 2" into recess (4.3m x 3.73m) With uPVC double glazed window to the front elevation, radiator and laminate flooring.
Kitchen breakfast room 13' 3" x 7' 6" (4.04m x 2.3m) Fitted with a range of wall and base units with a worksurface incorporating a breakfast bar and sink unit with a stainless steel mixer tap, fitted oven, gas hob and stainless steel extractor hood, tiled splashbacks, undercounter space for appliances and uPVC double glazed window to the rear elevation.
Shower room 14' 1" x 7' 2" plus door recess (4.3m x 2.2m) Fitted with a low level WC, pedestal wash hand basin and walk-in cubicle with an electric shower, tiled walls, radiator and uPVC double glazed window to the rear elevation.
Bedroom one 14' 1" x 9' 2" to the back or the wardrobe (4.3m x 2.8m) With uPVC double glazed window to the front elevation, radiator and built-in wardrobes with overhead storage.
Bedroom two 7' 10" x 7' 2" (2.4m x 2.2m) With uPVC double glazed window to the rear elevation and a radiator.
Outside To the rear there is a paved clothes drying area and parking can be found to the left hand side of the flats.
Leasehold information Length of Lease - 159 years from 16.5.1980 Years Remaining on Lease - 113 years Annual Ground Rent £150 per annual Ground Rent Reviewed - Annually All figures should be checked with the Vendor/Solicitor prior to Exchange of Contracts and completion of the sale.
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
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FAQ
About 18, Mumby Close, Newark
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