North Gate, Newark
BU

North Gate, Newark

By Buttercross Estates

£ 245,000

Reviews

3 out of 5 stars

Buttercross Estates says ..

A rare opportunity to acquire a four-bedroom semi-detached House of Multiple Occupation (HMO), ideally situated in the heart of Newark. This fully licensed property is currently tenanted and generating a healthy rental income, making it an ideal turnkey investment for landlords seeking immediate ...

Property Oracle says ..

The property is a House of Multiple Occupation located on North Gate in Newark, Nottinghamshire. It has 4 bedrooms and 3 bathrooms, and a total area of 887 sqft, situated on a plot of 1160 sqft. The list price is £245,000. The property benefits from a convenient location, being close to Newark North Gate train station (0.72km) and several schools, including Lovers Lane Primary and Nursery School (0.32km) and Magnus Church of England Academy (1.44km). The proximity to these amenities is a positive aspect for potential buyers. Based on the provided images, the property appears to be in a generally fair condition. While some rooms show signs of wear and tear, and could benefit from some modernisation, others appear to be well-maintained. There is evidence of some recent improvements, such as the kitchen. However, some areas, particularly bedrooms, show signs of disorganisation and clutter, which may impact the overall condition assessment. The presence of a small garden is a positive feature. Considering the average house price in the area (£402,872) and the average price per sqft (£391), the list price of £245,000 for this 887 sqft property seems relatively low. However, the condition of the property and the need for potential modernisation should be factored into the price evaluation. The lower prices of nearby properties suggest the property may be priced competitively, although the lack of sqft data for those properties makes a direct comparison difficult. The property includes a small garden area. While not extensive, the presence of a garden is a positive feature, especially in a location like Newark.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
5
Bedrooms
4
Bathrooms
3
Sqft (est)
887.00
Lot (est)
1,160.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
320,968.00 £
Decreased by 12.07 %
from 365,009.00 £
Est sale value
313,111.00 £
Decreased by 10.63 %
from 350,365.00 £
Average area rental value
1,437.00 £/mo
Decreased by 3.56 %
from 1,490.00 £/mo
Est letting value
887.00 £/mo
Unchanged by 0.00 %
from 887.00 £/mo
Est rental Yield
5.37 %
Increased by 9.59 %
from 4.90 %
Crime Rate
34.00 %
Unchanged by 0.00 %
from 34.00 %

Agent Activity

  • Buttercross Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Lovers Lane Primary And Nursery SchoolCommunity SchoolRequires improvement0.32 KM
Mount Cofe Primary SchoolAcademy Converter0.33 KM
Christ Church C Of E Primary SchoolVoluntary Aided SchoolRequires improvement1.39 KM
Magnus Church Of England AcademyAcademy Sponsor LedGood1.44 KM
Barnby Road Academy Primary And Nursery SchoolAcademy Converter1.56 KM

Images

Dining Room Bedroom Two Bedroom Four Garden Store Garden North Gate North Gate Kitchen Kitchen Shower Room Bedroom One Bedroom One Bedroom Two Bedroom Three Bedroom Three Ensuite Ensuite Garden

Nearby Streets

NameAverage PriceAverage SqftDistance
Cow Lane £ 000.00 KM
Queen's Road £ 000.00 KM
Ellerslie Close £ 000.00 KM
Wilson Street £ 000.00 KM
Church Street £ 289,95000.00 KM

Nearby Transport

NameNLCTLCDistance
Newark North Gate6499NNG0.72 KM
Newark Castle6498NCT0.77 KM
Collingham6349CLM9.38 KM

Nearby Listings

AddressPriceTypeScoreDistance
North Gate, Newark £ 245,000BUY6 / 100.00 KM
Northgate, Newark £ 850,000BUY6 / 100.12 KM
Lovers Lane, Newark, Nottinghamshire, NG24 £ 159,950BUY7 / 100.13 KM
North Gate, NEWARK £ 165,000BUY5 / 100.14 KM
North Gate, Newark £ 185,000BUY6 / 100.14 KM

Nearby Properties

AddressPriceDistance
102b North Gate £ 99,9500.02 KM
78 North Gate £ 75,0000.02 KM
102 North Gate £ 83,0000.02 KM
84 North Gate £ 45,5600.02 KM
88 North Gate £ 189,0000.03 KM