2-bedroom detached house · NG24 1TQ
Sold STCListed 266 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*GUIDE PRICE £210,000 to £215,000* OVER 55's Representing a unique opportunity, this detached over 55's home falls within the heart of Newark town centre, a short walk from a host of local amenities, and boasts tastefully improved and remodelled accommodation that can suit a variety of needs, with further potential to create a ground floor annexe space if required (subject to relevant permissions).
The property's accommodation comprises to the ground floor: inviting entrance hallway that can easily provide a reception space, triple aspect lounge/diner with French doors to the rear garden, opening to a superb kitchen that has a breakfast bar, four ring induction hob, electric oven and integrated dishwasher, useful utility area and access to a brilliant shower room.
The first floor is welcomed by a generous landing space with large storage space, family bathroom suite and two double bedrooms, with the main bedroom enjoying a range of fitted wardrobes and drawers.
Outside, the property is approached with a concrete driveway that provides off street parking and gives access to a garage/store.
The frontage is majority gravelled with scope for further parking if required. The rear garden is SOUTH FACING, and low maintenance, but boasts a wonderful degree of privacy.
Other features include gas central heating and UPVC double glazing. Viewing will be key to appreciate the quality of lifestyle this home and location have to offer.
An Interactive Property Report for this property can be viewed via the following web portals, UNDER THE VIRTUAL TOUR TAB on Rightmove, Zoopla, On The Market and Newton Fallowell.
The report includes FURTHER MATERIAL INFORMATION, including information on - Title Plan and Plot, Maps, House Price Statistics, Flood Risk, Media Availability, In depth Local School Information, Transport Links, etc.
EPC Rating: E Agent's Note - Over 55's The occupancy is restricted to a person or persons aged 55 years and over.
Newark A traditional market town that benefits from its excellent location, situated just off the A1 and A46 between the cities of Nottingham and Lincoln and having 2 railway stations including Northgate Station which is on the east coast Main line offering commuters and shoppers easy access to London.
The town is full of character with its bustling traditional cobbled market square and ruins of Newark castle that date back to 1123.
Newark boasts a wealth of successful independent shops and boutiques, as well as a wide range of national chains.
The town also offers an array of restaurants and cafes, a theatre and a multi-screen cinema.
Newark is also a hub for antique enthusiasts, with its various antique shops and regular antique fairs held at the nearby Newark Showground.
Reception Hallway 3.63m x 3.86m maximum measurements Lounge/Diner 3.2m x 5.56m Breakfast Kitchen 2.52m x 3.84m Utility Area 1.63m x 2.52m maximum measurements Ground Floor Shower Room 1.27m x 2.52m maximum measurements Bedroom One 3.35m x 3.73m maximum measurements Bedroom Two 2.69m x 3.35m Family Bathroom 1.68m x 2.24m Garage/Store 2.64m x 2.87m Agent's Note The property has right of access on foot only across neighbouring homes, buildings or land to the rear for the purpose of inspecting, repairing and maintaining the property.
Services Mains gas, electricity, water and drainage are connected. Square Footage The square footage for this property is approximately 1016 sq ft.
Please note whilst every care is taken in providing this information as accurately as possible, this figure is calculated whilst creating the propertys floor plan, which does not factor in a number of potential variations including wall thickness, curves, triangular walls, chimney breasts etc and alterations to the floorplan to ensure it is representative of the propertys layout.
The square footage may also include garages, porches, outbuildings, garden buildings and external corridors where applicable, please contact the office for further information/clarification.
The EPC and Interactive Property Report may show a different total square footage.
Agent's Note - Sales Particulars Although these particulars are thought to be materially correct, their accuracy cannot be guaranteed, and they do not form part of any contract.
All services, heating systems and appliances have not and will not be tested, and no guarantees have been provided for any aspects of the property, measurements are taken internally and cannot be assumed to be accurate, they are given as a guide only.
Anti-Money Laundering Regulations Anti Money Laundering Regulations - Intending purchasers will be asked to produce identification documentation at the offer stage and we would ask for your co-operation in order that there will be no delay in agreeing a sale.
Referrals Newton Fallowell Newark and our partners provide a range of services to our vendors and buyers.
Conveyancing - If you require a solicitor to handle your sale or purchase, we can refer you on to a panel of preferred providers, we may receive a referral of up to £350 if you choose to use their services, there is no obligation to use solicitors we refer to.
Mortgage Advice - Correct budgeting is crucial before committing to purchasing a property.
You are free to arrange your own advice, but we can refer you to the Mortgage Advice Bureau who are in house for specialist advice on 1000s of mortgage deals if required.
Please be aware that we may receive a fee of £332 if you ultimately choose to arrange a mortgage/insurance through them.
Property Surveys - If you require a property survey of any kind, we can refer you to an RICS surveyor, and we may receive a referral fee of up to £30 should you chose to arrange a survey through them.
For more information, please call the office.
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
Agent & docs
FAQ
About London Road, Newark, NG24
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