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Kelham Road, Newark, NG24

East Midlands

£220,000
Listed on 18/11/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1180 sqft

Description

This three-bedroom end-terraced home presents a unique opportunity for renovation and investment, offering generous living space spread over three levels. Conveniently situated near Newark Castle Station, it is well-suited for commuters looking for easy transport links. The ground floor welcomes you with a hallway leading to a spacious front lounge featuring a classic bay window. A second reception room at the rear boasts a functional log burner and built-in storage, creating a cozy atmosphere. The kitchen, equipped with essential wall and base units along with an electric hob and oven, has potential for modern updates to enhance functionality and style. The adjacent bathroom includes a bath with shower over, wash basin, WC, and houses the Vaillant boiler. On the first floor, you’ll find an expansive master bedroom complete with wood flooring and ample storage options. A second double bedroom currently serves as a snug area that overlooks the garden. The top floor hosts another double bedroom accompanied by an en-suite shower room, adding to the overall convenience of this layout. The property also features a sizable rear garden that holds promise for transformation into an inviting outdoor space for family gatherings or entertainment purposes; some landscaping and design work will unlock its full potential. With its desirable location and spacious layout in need of modernization, this home represents an excellent investment opportunity for those willing to put in the work to realize its true value.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -20.1% below area average per sq ft

-20.1%
Potential saving
This Property
£186/sq ft
Area Average
£233/sq ft
Avg Rent (weekly)
£185
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£302,953
10% above area average per sq ft
Potential ROI
+21.2%
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
17%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 0.2%
5 year growth: 21.3%
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.

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Location

Kelham Road, Newark, NG24
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