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Wood Street, Newark, Nottinghamshire NG24

East Midlands

£135,000
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
£233/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.6%

Renovation Potential

Est. Renovation Cost
£13,500 - £33,750
10-25% of property value
Monthly Sales
44
Average per month
Market Turnover
64%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -0.1%
5 year growth: 21.4%
Investment Disclaimer: Analysis based on NG24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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
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