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See how verdicts work2-bedroom flat · NG24 2FY
For saleListed 2 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price: £100,000 - £110,000. Modern living in A convenient location!
Perfectly positioned on the edge of Newark Town Centre, this superb second-floor apartment offers an excellent combination of space, style and convenience, with a fantastic range of local amenities and transport links close at hand, including easy access to the A1 and A46.
Constructed in 2005, this impressive apartment provides an ideal opportunity for first-time buyers, downsizers and investors alike, offering low-maintenance living in a highly convenient and well-connected location.
Beautifully presented throughout, the property is ready to move straight into and promises to impress from the moment you step inside!
Situated on the top floor, the apartment is accessed via a generous communal landing, leading into a private entrance hall and a welcoming inner hallway.
The well-proportioned accommodation comprises: Spacious 15ft lounge/diner, perfect for both relaxing and entertaining, a modern fitted kitchen, two generous bedrooms and a stylish contemporary bathroom, all presented to an excellent standard.
Externally, the property benefits from an allocated parking space, conveniently positioned to the rear of the building.
Further practical advantages include uPVC double glazing, a secure telecom entry system and gas central heating, served by a combination boiler. A fantastic home in A prime, convenient location!
Whether you're taking your first step onto the property ladder, looking to downsize without compromise or seeking a ready-made investment opportunity, this superb apartment certainly ticks all the boxes!
Don't miss out! Internal viewing is highly recommended to fully appreciate the space, presentation and lifestyle this excellent property has to offer!
Entrance Hall: (1.24m x 0.97m (4'1 x 3'2)) Inner Hallway: (3.51m x 1.98m (11'6 x 6'6)) With loft hatch access point. Providing partial boarding for storage. Max measurements provided.
Modern Fitted Kitchen: (2.84m x 2.62m (9'4 x 8'7)) Generous Lounge/Diner: (4.85m x 4.06m (15'11 x 13'4)) Max measurements provided.
Master Bedroom: (4.09m x 2.69m (13'5 x 8'10)) Bedroom Two: (2.90m x 2.29m (9'6 x 7'6)) Superb Contemporary Bathroom: (2.69m x 1.57m (8'10 x 5'2)) Allocated Parking Space: One parking space is located to the rear of the building.
Approximate Size: 575 Square Ft. Measurements are approximate and for guidance only. Services: Mains water, drainage, and electricity are all connected.
The property also provides gas central heating and uPVC double glazing throughout.
Please note: We have not and will not be testing any equipment, services or appliances and cannot verify that they are in full working order.
The buyer is advised to obtain verification from their solicitor or a surveyor. Tenure: Leasehold. Sold with vacant possession on completion.
Lease Information: Management Company: Encore Estate Management. Length Of Lease: 150 years from 1st January 2005. Years Remaining: 128 Years. Current Ground Rent: £300 a year.
Reviewed every 10 years. The next renewal date is 01/01/35. Current Service Charge for 2026: £1,700 a year. This includes buildings insurance.
The above information has been provided by the vendor and has not been verified by the agent. Local Authority: Newark & Sherwood District Council.
Council Tax: Band 'a' Epc: Energy Performance Rating: 'c' (78) A copy of the full Energy Performance Certificate for this property is available upon request unless exempt.
Please be advised if you are considering purchasing a property for Buy To Let purposes, without an EPC rated E or above it will not be possible to issue a new tenancy, or renew an existing tenancy agreement.
Local Information & Amenities: This property is conveniently located in a sought-after cul-de-sac within close proximity into the Town Centre.
There is ease of access onto the A1 and A46, with links to Lincoln, Grantham and Nottingham.
Newark-on-Trent has many tourist attractions and has many events taking place on the showground, one of the biggest being the famous antiques fairs attracting visitors from all over the globe.
Adjacent to the showground is the Newark Air Museum which also has open days to the public.
There are many well-known shops, public houses, boutiques, restaurants and attractions in the town with the marketplace overlooked by the attractive Georgian Town Hall.
There is a fast-track railway link to London Kings Cross from Newark North gate station, in approximately 1 hour 15 minutes. There is also access to Lincoln and Nottingham via Newark Castle station.
Viewing Arrangements: Strictly by appointment only through the agent. Available 7 days A week. Subject to availability.
For further details or if you wish to arrange an appointment, please contact us on: Money Laundering Regulations: Please be aware that any intending purchaser(s) will be required to produce two forms of Identification documentation in order for the transaction to proceed.
Draft Details-Awaiting Approval: These are draft particulars awaiting final approval from the vendor, therefore the contents may be subject to change and must not be relied upon as an entirely accurate description of the property.
Although the particulars are believed to be materially correct, their accuracy cannot be guaranteed and they do not form part of any contract.
Fixtures, fittings and furnishings are not included in a sale, unless specifically mentioned.
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.
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