2-bedroom flat · NG24 4ED
Listing removedReduced £5k (−6.3%) on 21 JunListed 387 days
Opportunity summary
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About
Guide price £80,000 to £90,000. A second floor apartment situated within close proximity to Newark town centre. The property has a spacious lounge/diner, fitted kitchen, two bedrooms and a bathroom.
Double glazed and with electric storage heating. There is an allocated parking space. Available for purchase with No Chain. Situation And Amenities The property is situated in 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, which is accessed via secure entry phone system, this leads into: Entrance Hall The entrance hallway provides a useful storage space for coats etc.
And has a ceiling light point and an electric storage heater. A further door leads into the inner hallway.
Inner Hallway The inner hallway provides access to both bedrooms, the lounge/diner and the bathroom, and has cornice to the ceiling and the secure entry phone system.
Lounge/Diner (14' 2'' x 13' 3'' (4.31m x 4.04m)) This excellent sized and well proportioned reception room has two windows to the front elevation and a feature window to the side making it particularly bright and airy.
The room has cornice to the ceiling, a ceiling light point and an electric storage heater. A door leads into the kitchen.
Kitchen (8' 5'' x 7' 8'' (2.56m x 2.34m)) The kitchen has a window to the rear elevation and is fitted with a range of base and wall units with tiled splash backs.
There is a stainless steel sink and an integrated electric oven with hob and extractor hood above. In addition there is space and plumbing for a washing machine and further space for a larder fridge.
The kitchen also has a small breakfast bar, a ceiling light point and a wall mounted electric heater.
Bathroom (8' 6'' x 8' 5'' (2.59m x 2.56m) (including door recess)) The bathroom has an opaque window to the rear and is fitted with a coloured suite comprising bath with electric shower above, pedestal wash hand basin and WC.
The bathroom has part ceramic wall tiling, a ceiling light point, shaver socket and a wall mounted electric heater. The airing cupboard is accessed from the bathroom.
Bedroom One (11' 0'' x 9' 11'' (3.35m x 3.02m)) A double bedroom with a window to the front elevation, cornice to the ceiling, a ceiling light point and an electric storage heater.
Bedroom Two (8' 5'' x 7' 0'' (2.56m x 2.13m) (plus wardrobe recess)) A good sized second bedroom having a window to the rear elevation, a ceiling light point and an electric storage heater.
Outside The property has one allocated parking space. Lease Information The property is leasehold on a 125 year lease from 1/4/1990 with approximately 89 years remaining.
There is a current ground rent of £1,178 per annum. This information has been provided by the owners and has not been checked by the agent. Council Tax The property is in Band A.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 5, Castle Brewery Court, Newark
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