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Jersey Street, Newark, Nottinghamshire.

East Midlands

£165,000
Listed on 07/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
887 sqft

Description

This end-terrace property presents an opportunity for renovation and investment, featuring three bedrooms and a flexible layout that could accommodate modern living with some updates. The entrance hall leads to a spacious lounge, distinguished by a bay window that invites natural light, providing a welcoming atmosphere. Adjacent to the lounge is the kitchen, which includes a range of fitted units, offering potential for enhancement. The dining room at the rear overlooks the garden, creating possibilities for integration with outdoor space. Upstairs, you'll find three bedrooms, each equipped with fitted wardrobes and ample window space. The wet room features essential amenities and has potential for modernization to enhance its functionality. Outside, the property boasts hard standing to the front and access to a rear garden that includes several outbuildings, which may offer additional utility or conversion opportunities. A greenhouse is also present, reflecting potential for gardening enthusiasts or those interested in sustainable living. Situated in a location ripe for development and revitalization, this property is freehold and available without a chain, making it an appealing option for investors looking to capitalize on future market trends or buyers seeking a project that can be tailored to personal tastes.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -19.0% below area average per sq ft

-19.0%
Potential saving
This Property
£186/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£224,070
10% above area average per sq ft
Potential ROI
+14.9%
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

Jersey Street, Newark, Nottinghamshire.
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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
£604
Based on a loan of £123,750 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