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Preston Road, Newark, NG24 2GE - Image 1
Preston Road, Newark, NG24 2GE - Image 2

Preston Road, Newark, NG24 2GE

East Midlands

£270,000
Listed on 16/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1076 sqft

Description

This spacious four-bedroom detached house is situated in the tranquil and respected Newbury Road Estate, providing an excellent canvas for those looking to explore renovation and investment opportunities. With well-sized rooms spread across two levels, including an integrated garage, the home is poised for modernization, allowing buyers to tailor it to their personal taste and lifestyle. The property benefits from a thoughtful layout that includes a lounge, dining room, kitchen, utility space, and a convenient downstairs WC. The first floor features four bedrooms, one of which includes an en-suite bathroom, along with a family bathroom. The enclosed garden at the rear presents potential for landscaping or outdoor living enhancements. Located in Newark, this home is within easy reach of essential local amenities, schools, and major roadways such as the A1 and A46. Its quiet street environment minimizes through traffic—ideal for families seeking a serene setting while still being close to the bustle of Newark town center. Here you will find various shops and services that cater to daily needs. For families with children, there are several highly regarded primary and secondary schools nearby. The proximity of parks and green spaces also offers recreational options for walking or cycling. Furthermore, Coddington’s local pub and primary school add to the community feel of the area. With its combination of peace and accessibility, this property not only represents a comfortable living space but also offers significant investment potential. Those looking to enhance value through renovations will find ample opportunity within these walls. Viewings are available by appointment only; please get in touch to arrange yours. This freehold property has practical features like gas central heating and mains connections for electricity, water, and sewerage. Additionally, ultrafast broadband capability enhances its appeal for remote working or digital connectivity. Whether you're a growing family or an investor looking for your next project, this home invites creativity while offering a solid foundation in a desirable location.

Investment Analysis

(NG24 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£251/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£271,814
10% above area average per sq ft
Potential ROI
-12.3%
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

Preston Road, Newark, NG24 2GE
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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
£989
Based on a loan of £202,500 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