Albion St, Newark, Notts, NG24
East Midlands
£140,000
Listed on 24/10/2026
Listed on 24/10/2026
The listing
Property details
Bedrooms
2Type
Semi DetachedArea
923 sqftFeatures
- Garden
- Parking
Description
This two-bedroom semi-detached house is set on a small residential development within reach of Newark town centre, the market square and bus station. The accommodation includes a lounge, kitchen/diner, ground-floor WC and rear porch, with two double bedrooms and a family bathroom upstairs. The listing notes that the layout was originally arranged as three bedrooms and may be capable of being changed back, subject to checking feasibility.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
76out of 100
Grade BGood opportunity
Confidence: MEDIUM
At £140,000, this is priced well below the local average per square foot: £152/sqf against £231/sqf. That gives buyers a strong entry point for a spacious two-bedroom semi with a lounge, kitchen/diner, downstairs WC and covered parking, within easy reach of Newark town centre and the bus station.
The work looks mainly cosmetic, with dated finishes throughout and an older kitchen and peach-toned bathroom to refresh or update. The enclosed yard offers scope for a modest tidy-up, and the listing says the house was originally three bedrooms and could potentially be converted back, though feasibility would need checking. The £7,000–£14,000 renovation range suggests a manageable project, while the asking price plus the £10,500 midpoint renovation allowance is £150,500 before fees and other costs.
Key opportunities
- Acquire at £152/sqf, substantially below the local average of £231/sqf.
- Refresh the dated interiors, including the older kitchen and distinctive peach-toned bathroom, to create a more contemporary home.
- Explore whether the original three-bedroom layout can be reinstated, and make the most of the enclosed rear yard.
Key risks
None recorded.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% 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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