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Bailey Road, Newark

East Midlands

£120,000
Listed on 16/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terrace house presents an excellent opportunity for investors and renovators eager to transform a property into a modern family home. Situated slightly over a mile from the centre of Newark-on-Trent, this residence offers substantial potential due to its convenient location near schools, local amenities, and transport links. The layout includes a welcoming entrance hall leading to a lounge with a traditional fireplace, a kitchen featuring essential fittings but in need of an upgrade, and a utility area suitable for washing and storage needs. Upstairs, three bedrooms, along with a bathroom and separate WC, provide ample accommodation space waiting for contemporary enhancements. The outdoor areas include front and rear gardens that can be revitalized into attractive outdoor spaces. Given its existing condition, the property is well-positioned for those looking to invest in renovations that will yield substantial returns.

Investment Analysis

(NG24 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£180
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +1.5%
5 year growth: +13.8%
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

Bailey Road, Newark
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£425
Based on a loan of £90,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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