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Lombard Street, Newark - Image 1

Lombard Street, Newark

East Midlands

£295,000
Listed on 28/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2100 sqft

Description

This freehold property presents a promising investment opportunity with full planning permission to convert into a House in Multiple Occupation (HMO), featuring six generously sized double bedrooms and communal space on the ground floor. With an approximate internal area of 195 sq.m, the building is set within a central town location that boasts easy access to local amenities and public transport. Recent roof work indicates solid structural integrity, while the substantial Grade II Listed nature of the property adds character and uniqueness. The existing consent allows for various internal alterations, including door modifications and window repairs, which can enhance both functionality and appeal. Additionally, there may be opportunities to further increase room capacity pending additional planning permissions. This versatile property, previously utilized as office space under E Class, is ideal for various alternative uses and awaits your vision for its next chapter in a vibrant setting.

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
£60,000 - £90,000
Target Value
£530,492
10% above area average per sq ft
Potential ROI
+37.8%
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

Lombard Street, Newark
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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
£1,081
Based on a loan of £221,250 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