3-bedroom terraced house · NG24 1HY
Under offerListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A three bedroomed end terraced house in need of modernisation. Central heating is gas fired and uPVC double glazed windows are installed throughout.
Constructed circa 1900 the property was re-foofed with interlocking tiles approximately 40 years ago. The rooms are spacious and there is considerable potential for improvement as a family house.
The accommodation provides, on the ground floor, front sitting room, dining room and kitchen. There is a basement with three cellar compartments.
The first floor provides an inner landing, three bedrooms, lobby and a bathroom. Outside there is an enclosed rear yard and a wash house.
The property is situated adjacent to the Methodist Church and within a residential area.
The location is opposite Northgate Retail Park and close to the East Coast main line railway station, and within comfortable walking distance of Newark Town Centre.
The main building is constructed with 225mm solid brick walls under a pitched roof covered by concrete interlocking tiles.
Central heating is gas fired and the following accommodation is provided: Ground Floor - Side Entrance Lobby - With staircase.
Sitting Room - 4.04m x 3.56m (13'3 x 11'8) - Fitted gas fire (not tested), radiator, original picture rail, moulded ceiling cornice and centre rose. Front window.
Dining Room - 4.06m x 3.43m (13'4 x 11'3) - Built-in cupboard, radiator, window in the rear elevation and door to the basement. Kitchen - 2.69m x 2.31m (8'10 x 7'7) - With stainless steel sink unit.
Basement - With three compartments, gas and electric meters. First Floor - Landing - An inner landing with radiator. Bedroom One - 3.48m x 3.15m (11'5 x 10'4) - With radiator.
Bedroom Two - 3.07m x 2.49m (10'1 x 8'2) - With radiator. Bedroom Three - 3.45m x 1.96m (11'4 x 6'5) - With radiator.
Lobby - With airing cupboard containing the hot water cylinder and cold water storage tank. Bathroom - 2.57m x 1.96m (8'5 x 6'5) - Bath with electric shower fitted, pedestal basin and low suite WC.
Radiator. Baxi gas fired central heating boiler. Outside - Archway entrance. Enclosed rear yard. Former wash house measuring approximately 8' x 7'.
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 A.
Value & comps
No previous sales on record.
Returns
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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 Newnham Road, Newark
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