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See how verdicts work3-bedroom terraced house · NG24 1HZ
For saleListed 61 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** GUIDE PRICE £155,000 - £160,000 *** A well-presented three-bedroom modern end-terrace house, conveniently situated within walking distance of Newark town centre.
Occupying an end plot, the property benefits from larger-than-average gardens extending to the front, side and rear, together with a single garage providing off-road parking.
The property would make an ideal purchase for a first-time buyer, investor or those looking to downsize to a modern and conveniently located home close to a good range of local amenities.
The accommodation includes an entrance hallway with a useful storage cupboard, an open-plan lounge and dining room, and a kitchen fitted with a range of modern units and appliances.
On the first floor are three bedrooms, comprising two doubles and a single, together with a bathroom fitted with a white suite and shower over the bath.
The property benefits from a gas-fired central heating system with a combination boiler and uPVC replacement double-glazed windows.
The house has frontage to Lovers Lane, enclosed by a brick boundary wall, with lawned gardens extending across the front and side.
A side gate leads into the enclosed rear garden, which enjoys a good degree of privacy and includes a small patio terrace and lawned areas.
A personal door at the rear of the garden provides convenient access into the single garage, with vehicular access from Mumby Close.
Newark is a historic and increasingly popular market town centred around its attractive Georgian Market Square and Castle ruins.
The town offers an excellent range of independent shops, cafes, bars and restaurants, together with Waitrose, Morrisons, Asda and Aldi supermarkets and an M&S Foodhall.
Recreational facilities include Sconce and Devon Park, riverside walks and Newark Sports and Fitness Centre.
The town is particularly well placed for commuters, with access to the A1, A46 and A17, together with two railway stations.
Newark Northgate provides direct services to London King’s Cross, while Newark Castle offers connections to Nottingham, Lincoln and Leicester.
This mid terraced house was built during the mid 1980s constructed of brick elevations under a tiled roof covering.
The living accommodation is arranged over two levels and benefits from a gas fired central heating system and uPVC double glazed windows.
Ground Floor - Entrance Hall - UPVC double glazed front entrance door, radiator, stairs off, built in cupboard.
Lounge/Dining Room - 7.80m x 3.84m (25'7 x 12'7) - (overall measurements narrowing to 7'3 in the dining area) UPVC double glazed windows to the front and rear elevations, marble style fireplace and hearth with light wood fire surround.
Two radiators, coved ceiling, television point. Kitchen - 3.48m x 2.46m (11'5 x 8'1) - UPVC double glazed rear entrance door and window, ceramic tiled floor covering.
Range of fitted modern light wood style kitchen units comprising base cupboards and drawers, working surfaces above, inset stainless steel ink and drainer. Plumbing and space for washing machine.
Candy electric oven, gas hob, tiled splashback. Eye level wall mounted cupboards, radiator. First Floor - Landing - With loft access hatch.
Bedroom One - 3.86m x 2.79m (12'8 x 9'2) - UPVC double glazed window to front elevation, radiator. Built in double wardrobe.
Bedroom Two - 3.33m x 3.00m (10'11 x 9'10) - Radiator, uPVC double glazed window to the front, built in double wardrobe.
Bedroom Three - 2.59m x 1.98m (8'6 x 6'6) - With radiator and uPVC double glazed window to the rear.
Bathroom - 2.44m x 1.73m (8' x 5'8) - (measured into the door recess) High level uPVC double glazed window to the rear, fully tiled walls.
Modern white suite comprising pedestal wash hand basin, low suite WC, P shaped bath with glass shower screen, wall mounted electric shower over.
Tiling to splashbacks, radiator, built in airing cupboard containing the gas fired combination central heating boiler.
Outside - The property occupies a spacious end plot with a larger than average garden which extends to the front and side. The garden areas are laid to lawn.
The property has a walled frontage with pedestrian gate and concrete pathway leading to the front door and a wrought iron side gate.
To the side of the property there is a concrete path and yard area, a raised paved area houses a useful timber built garden shed.
The rear garden is enclosed with a paved terrace connecting to the rear of the house. The garden areas are laid to lawn and the borders are planted with trees and shrubs.
This connects to a raised area at the rear of the garden giving access to a personal door to the concrete sectional single garage.
The single garage is the end one in a block of four sectional concrete construction with up and over door and personal door connecting directly to the rear garden.
Communal forecourt area with vehicular access from Mumby Close. Services - Mains water, electricity, gas and drainage are all connected to the property. Tenure - The property is freehold.
Possession - Vacant possession will be given on completion. Viewing - Strictly by appointment with the selling agents. Mortgage - Mortgage advice is available through our Mortgage Adviser.
Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it. Council Tax - The property comes under Newark and Sherwood District Council Tax Band B.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Lovers Lane, Newark
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