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Wright Street, Newark, NG24

East Midlands

£115,000
Listed on 04/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
777 sqft

Description

This extended end terrace property features two spacious double bedrooms and offers a solid foundation for those looking to invest or make their first step on the property ladder. The accommodation includes a lounge with a gas fire, a dining room, and a kitchen outfitted with essential appliances. On the first floor, you'll find two double bedrooms—one equipped with a fitted wardrobe—and a family bathroom complete with a shower over the bath. The loft space, currently used as an attic room, presents an exciting opportunity for conversion into additional living space, subject to the necessary permissions. Outside, the good-sized garden boasts mature trees, flower beds, and both patio and lawned areas. While the property benefits from mains water, drainage, gas, electricity, double glazing, and gas central heating, it does require cosmetic updates and modernisation to reach its full potential. Its prime location on a popular residential street allows easy access to Newark's historic market town centre, local amenities, and transport links including the East Coast Mainline service to London Kings Cross. This could be a fantastic project for those prepared to invest time and resources into bringing this home up to date.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -35.6% below area average per sq ft

-35.6%
Potential saving
This Property
£148/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£196,325
10% above area average per sq ft
Potential ROI
+40.2%
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
42%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by -0.2% over the last 12 months
3 year growth: +0.8%
5 year growth: +16.9%
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

Wright Street, Newark, NG24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£415
Based on a loan of £86,250 over 30 years at 4.06% 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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