Worst House on the Street Logo
Wood Street, Newark, Nottinghamshire NG24 - Image 1
Wood Street, Newark, Nottinghamshire NG24 - Image 2
Wood Street, Newark, Nottinghamshire NG24 - Image 3
Wood Street, Newark, Nottinghamshire NG24 - Image 4
Wood Street, Newark, Nottinghamshire NG24 - Image 5
Wood Street, Newark, Nottinghamshire NG24 - Image 6
Wood Street, Newark, Nottinghamshire NG24 - Image 7
Wood Street, Newark, Nottinghamshire NG24 - Image 8
Wood Street, Newark, Nottinghamshire NG24 - Image 9

Wood Street, Newark, Nottinghamshire NG24

East Midlands

£125,000
Listed on 01/10/2025

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom terraced home presents a solid foundation for those looking to invest in a property with significant renovation potential. The layout features a practical arrangement that includes a bright lounge and dining area, providing ample space for relaxation and entertaining. The first-floor bathroom adds convenience, while the private courtyard garden at the rear offers a peaceful outdoor retreat. Situated on the desirable Wood Street, the property benefits from its proximity to local amenities and transport links, making it an attractive option for homeowners and renters alike. Although the interior could benefit from modern updates, it remains functional in its current state, allowing new owners to gradually implement their vision without immediate pressure. For buyers eager to add value through refurbishment or personalization, this home represents an excellent opportunity. The absence of an onward chain simplifies the buying process, making it easier to start your renovation journey right away. Overall, this property is well-suited for those looking to create their ideal living space in a vibrant neighborhood.

Investment Analysis

(NG24 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.0%

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
60
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG24)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 1.9%
5 year growth: 20.9%
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

Wood Street, Newark, Nottinghamshire NG24
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£458
Based on a loan of £93,750 over 30 years at 4.19% 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE