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See how verdicts work2-bedroom terraced house · NG24 1RP
No longer listedReduced £5k (−3.8%) on 17 SepListed 76 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide price £130,000 to £140,000. A deceptively spacious and very well maintained two bedroom end terrace property situated a short distance from the town centre and train stations.
The accommodation includes two excellent sized reception rooms, a fitted kitchen, cellar, two double bedrooms and a bathroom. There is a good sized garden to the rear.
The property is double glazed and early viewing is strongly recommended. Situation And Amenities The property is situated a short distance from the town centre.
Newark Northgate railway station 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.
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: Lounge (12' 9'' x 11' 9'' (3.89m x 3.58m)) An excellent sized reception room with a window to the front elevation, a gas fire, a ceiling rose and light point, and laminate flooring.
A door leads into the dining room.
Dining Room (12' 8'' x 11' 5'' (3.86m x 3.47m)) A further spacious reception room having a window overlooking the garden, a high ceiling, laminate flooring, a ceiling rose with light point and a gas fire.
From the dining room the staircase leads to the first floor and an archway leads into the kitchen. Cellar (12' 10'' x 12' 6'' (3.92m x 3.80m)) The cellar has exposed brickwork.
Kitchen (9' 0'' x 7' 1'' (2.75m x 2.16m)) The kitchen has a window to the rear elevation and a door to the side. Fitted with an array of base and wall units with work surface.
There is a one and a half bowl stainless sink, and integrated appliances include a Bosch oven, and a gas hob with extractor above.
In addition there is space and plumbing for a washing machine, and further space for a vertical fridge/freezer. The kitchen has a ceiling light point and a ceramic tiled floor.
First Floor Landing The staircase rises from the dining room to the first floor landing which has doors into the two bedrooms and the bathroom, and a ceiling light point.
Bedroom One (12' 11'' x 11' 10'' (3.93m x 3.60m)) A fabulous sized and well proportioned double bedroom with a window to the front elevation, a sealed fireplace, exposed painted wood flooring, a ceiling light point and a built-in wardrobe.
Bedroom Two (11' 6'' x 9' 8'' (3.51m x 2.94m)) A very good sized second bedroom having a window to the rear elevation, a built-in cupboard and a ceiling light point.
Bathroom (9' 2'' x 7' 2'' (2.80m x 2.18m)) The bathroom has an opaque window to the rear elevation and is fitted with a bath with electric shower over, wash hand basin and low level WC.
There is also an electric heater, vinyl flooring and a ceiling light point. The airing cupboard is located within the bathroom.
Outside To the rear of the property is a large garden which is laid partly to lawn and paving.
There is a garden shed, and a gate which provides access through the neighbour's garden to take the bins out through a side passageway. Council Tax The property is in 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
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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
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FAQ
About 15, Cromwell Road, Newark
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