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Cranmer Road, Newark, Nottinghamshire, NG24 4ET - Image 1
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Cranmer Road, Newark, Nottinghamshire, NG24 4ET

East Midlands

£115,000
Listed on 07/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house in Newark presents a promising opportunity for renovation and investment. Nestled in a desirable neighborhood, this property features essential living spaces including a lounge and a dining kitchen, along with three upstairs bedrooms and a bathroom. The generous south-facing garden offers potential for outdoor enhancements or landscaping. While the home is equipped with UPVC double glazing and gas central heating, it requires modernisation to unlock its full potential. Off-street parking possibilities further enhance its appeal as an investment. This could be an ideal project for those looking to tailor a space to their specifications or capitalize on the local rental market.

Investment Analysis

(NG24 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£181
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
56%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -0.6%
5 year growth: +15.0%
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

Cranmer Road, Newark, Nottinghamshire, NG24 4ET
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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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