2-bedroom house · NG24 2FN
Sold STCListed 176 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £150,000 to £160,000. A two bedroom mid terraced property situated in a popular residential area.
Within the last five years the property has been updated with new windows, kitchen, bathroom and fascias.
In addition to the two double bedrooms, the property has a well proportioned lounge, breakfast kitchen and first floor bathroom.
The property has an enclosed garden to the rear and an allocated parking space. Double glazing and gas fired central heating are installed. Available for purchase with no chain.
Situation And Amenities This property is situated a short distance from the town centre and Northgate railway station which has fast trains connecting to London King's Cross with journey times of approximately 75 minutes.
Additionally Newark Castle station has trains connecting to Nottingham and Lincoln. There are nearby access points for the A1 and A46 dual carriageways.
The location is in close proximity of Route 64 of the National Cycle Network which runs from Market Harborough to Lincoln.
Shopping facilities in Newark include a recently opened M&S food hall, Asda, Waitrose, Morrisons and Aldi.
Newark also boasts several individual boutique shops as well as major retail chains and an array of markets.
There is a wide range of schooling in the area, and leisure facilities are plentiful including a fine choice of restaurants and bars, fitness centres, gymnasiums and golf courses.
Accommodation Upon entering the front door, this leads into: Entrance Vestibule The entrance vestibule provides a useful storage space for coats and shoes etc and has a door leading through into the lounge.
Lounge (16' 0'' x 12' 3'' (4.87m x 3.73m) (at widest points)) This excellent sized reception room has a window to the front elevation, a door into the breakfast kitchen and the staircase rising to the first floor.
The focal point of the lounge is the fireplace with electric fire inset. There is also a ceiling light point and two radiators.
Breakfast Kitchen (12' 4'' x 8' 7'' (3.76m x 2.61m)) The breakfast kitchen has a window to the rear elevation and glazed French doors providing access to the garden.
The kitchen is fitted with a range of base and wall units with roll top work surfaces and tiled splash backs.
There is a stainless steel sink, an integrated oven with hob and extractor hood above, and space and plumbing for a washing machine.
The kitchen is of sufficient size to accommodate a small dining table and also has two ceiling light points, a radiator and a large and useful storage cupboard which is sited beneath the staircase.
The central heating boiler is located here. First Floor Landing The staircase rises from the lounge to the first floor landing which has doors into both bedrooms and the bathroom.
The landing has a ceiling light point and provides access to the loft space.
Bedroom One (12' 5'' x 9' 4'' (3.78m x 2.84m)) A double bedroom with a window to the rear elevation, a ceiling light point and a radiator.
Bedroom Two (12' 3'' x 9' 10'' (3.73m x 2.99m)) A further double bedroom with two windows to the front elevation, a ceiling light point and a radiator.
This bedroom has a useful fitted storage cupboard which is sited above the staircase.
Bathroom (6' 2'' x 6' 1'' (1.88m x 1.85m)) The bathroom is fitted with a white suite comprising bath with electric shower above, vanity unit with wash hand basin inset and storage beneath, and a WC.
The bathroom has part ceramic tiling to the walls, an extractor fan, a shaver socket, a ceiling light point and a radiator.
Outside To the front of the property is a lawned garden and the footpath leading to the front door.
The rear garden is fully enclosed, laid to lawn and has a small patio area adjacent to the French doors from the kitchen. Council Tax The property is in Band A.
Value & comps
No previous sales on record.
Returns
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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 7, Farmers Walk, Newark
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