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Woodlands Close, Newark, Nottinghamshire, NG24 4QR

East Midlands

£215,000
Listed on 13/05/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
721 sqft

Description

This two-bedroom detached bungalow presents itself as a noteworthy investment opportunity in a sought-after residential area near the heart of Newark. While the property is in need of comprehensive modernisation, its established position and spacious layout make it an ideal project for both owner-occupiers looking to craft their perfect home and buy-to-let investors seeking value in a thriving locale. The accommodation features a welcoming entrance hall leading into a lounge with ample natural light, a kitchen/diner equipped with essential fittings, two comfortable bedrooms, and a bathroom with all necessary facilities. Outside, the property benefits from a generous lawned garden at the rear, complemented by planted beds and patio space, as well as an inviting front garden and driveway that enhances its curb appeal. With mains water, gas, electric, and drainage connections already in place, this bungalow is poised for transformation through thoughtful renovation efforts.

Investment Analysis

(NG24 area)

Above Market Value

This property is priced +29.0% above area average per sq ft

+29.0%
This Property
£298/sq ft
Area Average
£231/sq ft
Avg Rent (weekly)
£188
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£183,325
10% above area average per sq ft
Potential ROI
-26.7%
After renovation
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

Woodlands Close, Newark, Nottinghamshire, NG24 4QR
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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
£767
Based on a loan of £161,250 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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