2-bedroom property · NG23 7HA
Listing removedListed 1061 days
Opportunity summary
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About
In a beautiful location with both lake (for which fishing is included) and far reaching countryside views, this is a brand new two bedroom (double with en-suite W.C.
and walk-in wardrobe and twin bedroom) holiday home with all year round, 52 weeks, use that is fully furnished (including furniture, appliances and soft furnishings) and allows pets (at the site owners discretion), as well as the home having its own parking and gardens, there is an on-site reception and facilities at North Scarle village, only 2 miles away, include a shop with post office, a public house & primary school, and it is only 11 miles to the cathedral city of Lincoln.
The property consists of triple aspect lounge with vaulted ceiling, fireplace, exterior French doors and open plan to dining area and modern fitted kitchen including appliances, exterior door and door to inner hall, shower room with double width shower, dual aspect master bedroom with vaulted ceiling, en-suite W.C.
and walk-in wardrobe and, and there is the second bedroom with twin beds and built in wardrobe.
Outside with both lake with fishing included and far reaching countryside views, is the main garden fully laid to lawn and extends around the property including to the lounge French doors.
To the front there is this property's own grey gravelled drive.
Furniture includes all curtains, curtain rails, blinds, two and three seater settees, cushions, table with four chairs, double fronted TV base cabinet, matching coffee table, beds and mattresses, bedside cabinets, dressing table and mirrors, as well as all the fitted furniture and appliances.
This brand new property also benefits from UPVC double glazing including French and exterior doors, central heating, external and canopy lighting, and you can add your own decking area including hot tub if required, as well as a metal/PVC shed as with light and power.
The annual ground rent is £2,800 pa and includes fishing, water and drainage.
Location - This quiet settlement is away from busy urban life, main road and with little through traffic it is indeed a peaceful haven.
The property is only 11 miles from the cathedral city of Lincoln and 12 miles from the major town of Newark which has the high speed rail link to London's Kings Cross in just over an hour and excellent road links to the A46 and A1.
There is an on-site reception and facilities at North Scarle village, only 2 miles away, includes a shop with post office, a public house & primary school, and Collingham Village only 5.5 miles away, has a medical centre, dentist, pharmacy, butchers, library, hairdressers & other shops, pre-school and primary school.
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 Eagle Road, Spalford, Newark, NG23 7HA
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