2-bedroom bungalow · NG24 4QR
Listing removedListed 163 days
Opportunity summary
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About
Detailed Description A two bedroom detached bungalow situated in a popular residential area close to the centre of Newark.
The property requires a scheme of modernisation throughout but offers an opportunity for an owner occupier or buy to let investor to transform this well positioned bungalow.
Location From the A46 follow Middlebeck Way and then turn left onto Newark Road which leads into Hawton Road.
Then turn left onto Valley Prospect and follow the road round and then turn right onto Woodlands Close where the property can be found on you right.
Accommodation Entrance Hall With radiator, loft access, door to; Lounge Double glazed casement window to front elevation and further double glazed picture window to side elevation, two radiators, electric fire, door to; Kitchen/Diner Double glazed casement window to side elevation and double glazed door to rear elevation, fitted wall and base units with stainless steel sink and drainer, built-in oven, four ring gas hob with extractor over, space and plumbing for washing machine and tumble dryer, part tiled walls, radiator, door through to hallway.
Bedroom One Double glazed casement window to rear elevation, radiator. Bedroom Two Double glazed casement window to front elevation, radiator.
Bathroom Double glazed casement window to side elevation, three-piece suite comprising panel bath with shower over, low flush WC, pedestal wash basin, radiator, extractor, fully tiled walls.
Outside The front elevation offers a lawn garden with driveway, pond, wall and fenced boundaries.
The rear elevation offers a generous rear lawned garden with planted beds, patio area, fenced boundaries and single detached garage.
Services We understand the property offers mains water, gas, electric and main sewer connections. Viewing Strictly by appointment with the Auctioneers.
Tel: Other Tenure & Possession Freehold with vacant possession. Completion Date This lot will be sold with a 10% deposit and up to 8 weeks for completion.
Auction Bidder Identity Check Prior to bidding on any auction lots we are required to verify the identity of the bidder to comply with The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulation 2017.
We also need to complete the remote bidding registration process as this will be a live stream event only. Please contact us on or Solicitor Oliver Emmett 3 Middlegate Newark NG24 1AQ oliver.
Agents James Mulhall
Value & comps
No previous sales on record.
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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 starting price
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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 Woodlands Close, Newark, Nottinghamshire, NG24 4QR
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