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Old Mill Crescent, Newark

East Midlands

£147,500
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Semi Detached Bungalow

Description

This two-bedroom semi-detached bungalow presents a unique opportunity for those looking to invest in a renovation project. Located conveniently close to local amenities and the town center, this property acts as a blank slate, ready for modernization and personal touches. While it does require updating throughout, its layout and space offer excellent potential for those willing to put in the work. The property benefits from essential services including mains water, drainage, electricity, gas central heating, and uPVC double glazing. Available with no onward chain, this bungalow invites you to bring your vision to life.

Investment Analysis

(NG24 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£188
Avg Yield
3.9%

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
61
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +0.9% over the last 12 months
3 year growth: -0.4%
5 year growth: +14.6%
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

Old Mill Crescent, Newark
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£526
Based on a loan of £110,625 over 30 years at 3.97% 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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