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See how verdicts work2-bedroom semi-detached house · NG24 4BL
For saleListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FIRST TIME BUYERS / INVESTORS - A surprisingly spacious two-bedroom home offering excellent potential, situated on a small residential estate close to Newark town centre, the market square and the bus station.
The accommodation comprises two double bedrooms, family bathroom, lounge, kitchen/diner, downstairs WC and a useful porch/outhouse area.
Outside, there is an enclosed rear yard and an allocated covered parking space, plus access to visitors parking.
Excellent opportunity to pick up this substantial house, in need of updating and some cosmetic improvement throughout. GCH.
An ideal opportunity for first-time buyers, investors or anyone looking to add value to a property in a convenient location.
Newark is an historic market town on the River Trent, with transport links, to Nottingham, London, and Lincoln. London King's Cross is 65 minutes away by train.
A surprisingly spacious two-bedroom semi-detached home offering excellent potential for improvement, conveniently positioned on a small residential development within easy reach of Newark town centre, the market square and the bus station.
This generously proportioned property provides far more accommodation than first impressions might suggest and presents an excellent opportunity for buyers seeking a home they can update and personalise to their own tastes.
The ground floor accommodation comprises an entrance porch a comfortable lounge, a spacious kitchen/diner providing ample room for both cooking and family dining, with useful porch/outbuilding,and a convenient downstairs WC.
To the first floor are two genuine double bedrooms and a family bathroom..
Originally this was a 3 bedroomed house, and could be converted back quite easily if needed Externally, the property benefits from an enclosed rear yard, offering a low-maintenance outdoor space, together with an allocated covered resident parking space.
In need of some TLC, the house benefits from a gas-fired central heating system and is double glazed throughout, with UPVA in all windows except the porch, making it an attractive proposition for investors, first-time buyers, or those looking for a project with plenty of scope to add value.
The property is situated in the historic market town of Newark-on-Trent, one of Nottinghamshire's most popular towns.
Newark offers an excellent range of amenities including shops, supermarkets, restaurants, cafés, leisure facilities and well-regarded schools.
The town is renowned for its impressive market square, riverside setting and historic castle.
Newark also boasts excellent transport links, with direct rail services to London, Nottingham and Lincoln, easy access to the A1, and a comprehensive local bus network, making it an ideal location for commuters and families alike.
Kitchen / Diner 15' 6" x 9' 8" (4.73m x 2.94m) Good sized kitchen/dining room, with fitted kitchen, freestanding electric cooker, and space for a washing machine.
A range of white base and wall units and a peninsula unit separating the kitchen from the dining area. Stairs leading to the upstairs.
Access to the large understairs cupboard and door out to the porch. The gas boiler is housed in the kitchen Lounge 15' 7" x 13' 9" (4.75m x 4.2m) Large lounge with interesting diagonal wall.
Glass panelled doors to the kitchen area and from the entrance hall Downstairs W/C 5' 9" x 2' 9" (1.75m x 0.85m) Downstairs cloaks, with hand basin and loo, with stability handles on the walls, which can be removed easily if not required Bedroom 1 15' 7" x 11' 3" (4.74m x 3.42m) Front bedroom with diagonal wall to match the lounge, With a whole wall of built in pine wardrobes.
3 windows Bedroom 2 9' 10" x 8' 0" (2.99m x 2.45m) Rear double bedroom, with one window and integrated cupboard over the stairs Family Bathroom 7' 2" x 6' 10" (2.19m x 2.09m) Family bathroom with peach coloured full sized bath, hand basin and WC.
Part tiled in beige Porch 7' 5" x 5' 11" (2.27m x 1.81m) Similar to a conservatory, this is on the back of the house and is handt for use as a cloak/bootroom, or for bicycle storage.
In dark wood with a door out to the back garden Outside At the front of the house, is brick half wall with a small strip of garden.
At the rear of the property is a fully enclosed, low maintenance garden, fully brick cobbled with a raised bed.
A gate leads out to the parking area There is a covered parking for one vehicle and access to a space in the visitors carpark. Resident permit car parking on the street
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
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FAQ
About Albion St, Newark, Notts, NG24
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