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Southfield Terrace, Newark

East Midlands

£160,000
Listed on 18/03/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

This end terrace bungalow, set in a desirable conservation area, presents a promising renovation opportunity with a picturesque view of Newark Marina and rolling countryside. Located just a comfortable walk from the Town Centre and close to Sconce and Devon Park, this property benefits from excellent local amenities and transport connections. The internal layout comprises an entrance hall, fitted kitchen, spacious dual-aspect lounge/diner, two bedrooms, and a three-piece bathroom—making it an ideal blank canvas for buyers looking to make their mark. Outside, off-street parking is available along with access to an attached single garage. The rear garden, which features a charming blend of gravel and established plant life, provides an inviting outdoor space with lovely views over the marina. With double glazing and gas central heating already installed, this home is packed with potential for those looking to add value through strategic renovations.

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 - £25,000
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

Southfield Terrace, Newark
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£577
Based on a loan of £120,000 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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