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See how verdicts work2-bedroom flat · NG24 1JE
For saleListed 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
NO CHAIN.
A two bedroom, first floor apartment conveniently situated close to Newark town centre and Northgate train station presents an excellent opportunity for first time buyers, investors or those looking to downsize.
The property has had new carpets throughout with new fitted modern kitchen.
The living accommodation comprises of an entrance hall separating all the rooms, spacious lounge; well-fitted kitchen, modern bathroom and two good sized bedrooms.
To the outside there is a communal frontage, communal rear courtyard and side garden and a 'residents only' parking area.
Offered with no onward chain, the property presents an excellent opportunity for first-time buyers and investors alike, with viewing highly recommended.
Mumby Close is conveniently situated within walking distance of Newark town centre with a good range of amenities.
Newark is conveniently situated within commuting distance of Nottingham and Lincoln, there are fast trains available from Newark Northgate station with a journey time to London Kings Cross of approximately 75 minutes.
There are nearby connections to the A1 and A46 dual carriageways allowing fast journey times to the major centres.
Newark is a vibrant market town with a variety of amenities which include; Asda, Morrisons, Waitrose and Aldi supermarkets.
There is an attractive Georgian Market Square with regular markets and a variety of niche and chain shops including Marks and Spencer.
There is a range of quality cafes, bars and restaurants around the town centre including Starbucks and Costa. Newark has primary and secondary schooling of good repute and general hospital.
This first floor apartment was constructed circa 1980. The property has newly fitted carpets throughout with uPVC double glazed windows throughout and gas central heating.
The accommodation can be more fully described as follows:- Ground Floor - A ground floor entrance door gives access to: Communal Entrance Lobby - With UPVC entrance door with stairs leading to the first floor: Porch Area - 1.55m x 1.14m (5'01 x 3'09 ) - Wooden front door, carpet floor, radiator and coat hooks.
Hallway - 2.82m x 0.86m (9'03 x 2'10) - Carpet floor, airing cupboard and loft hatch.
Bedroom One - 4.32m x 2.84m (14'02 x 9'04) - UPVC double glazed window with front elevation, carpet flooring and radiator.
Bedroom Two - 2.46m x 2.21m (8'01 x 7'03) - UPVC double glazed window with rear elevation, carpet floor and radiator.
Bathroom - 2.31m x 1.80m (7'07 x 5'11) - UPVC double glazed window with rear elevation, laminate floor, heated towel rack, W.C, sink and bath over electric shower.
Living Room - 3.81m x 1.70m (12'06 x 5'07) - Kitchen - 4.09m x 1.63m (13'05 x 5'04) - UPVC double glazed window with rear elevation, laminate floor, radiator, Newly built in Lamina oven with four ring hob, steel sink and drainer, fitted wall and base units.
Outside - The property benefits from a lawned frontage shared between ground and first floor apartments.
There is also a communal courtyard to the rear and a further communal garden area to the side of the apartments.
Vehicular parking is available on a first come, first served basis in the residents parking area situated to the left of the apartments.
Tenure - The property is Leasehold and has a recent Lease extension to 189 year remaining. Ground Rent: £40 Service Charge: Proportionate contribution to repairs on an adhoc basis.
Viewing - Strictly by appointment with the selling agents. Possession - Vacant possession will be given on completion.
Services - Mains water, electricity, gas and drainage are all connected to the property. 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
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
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