2-bedroom terraced house · NG24 3UA
Sold STCListed 107 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
5% deposit PAID | SAVE £17,100 including an upgraded kitchen & flooring throughout Cul-de-sac location | For first time buyers | This modern two bedroom home is an ideal starter home, featuring an open-plan kitchen with French doors onto the garden.
You will also find a light and airy lounge and a handy downstairs cloakroom on the ground floor. Upstairs there are two double bedrooms and a family bathroom.
2 parking spaces Plot 185 | Kenley | Fernwood Village Fernwood Village is set in an established community just 10 minutes from Newark. Surrounded by countryside with local amenities on your doorstep.
There are excellent transport links, including easy access to the A1 and A46, as well as OFSTED rated 'Outstanding' schools nearby.
Room Dimensions 1 Bathroom - 1953mm x 1853mm (6'4" x 6'0") Bedroom 1 - 3943mm x 2865mm (12'11" x 9'4") Bedroom 2 - 3943mm x 2316mm (12'11" x 7'7") G Entrance Lobby - 1010mm x 812mm (3'3" x 2'7") Kitchen / Dining - 3943mm x 3454mm (12'11" x 11'3") Lounge - 3943mm x 3668mm (12'11" x 12'0") WC - 1871mm x 1016mm (6'1" x 3'4")
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 Phoenix Lane, Fernwood, Newark, NG24 3UA
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