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Derwent Court, Newark, NG24

East Midlands

£150,000
Listed on 23/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1068 sqft

Description

This three-bedroom semi-detached house in the appealing area of Balderton offers significant renovation potential, making it an excellent investment opportunity. With its close proximity to local amenities, reputable schools, and major commuting routes like the A1, this property is ideally positioned for families and professionals seeking to personalize their living space. The layout includes an entrance porch that opens to a welcoming hallway, a generous lounge with front-facing views, and a kitchen equipped with wall and base units and space for appliances. Adjacent to the kitchen is an additional reception room that could be transformed into a dining area or integrated into an open-plan kitchen/diner—a promising feature for those looking to modernize the home further. The first floor consists of three spacious bedrooms complemented by a family bathroom and a separate WC. Outside, the property benefits from off-road parking and landscaped gardens at both the front and side. The rear garden features a detached brick-built garage currently utilized as storage but presents opportunities for conversion or as a workshop space. This home is available with no upward chain, providing a seamless transition for buyers eager to invest in renovations that will enhance value.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -38.8% below area average per sq ft

-38.8%
Potential saving
This Property
£140/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£269,793
10% above area average per sq ft
Potential ROI
+45.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG24)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 1.9%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on NG24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Derwent Court, Newark, NG24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE