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William Street, Newark NG24

East Midlands

£145,000
Listed on 04/04/2026

Property Details

Bedrooms
2
Type
Terraced

Description

Located in a sought-after residential area, this two-bedroom mid-terrace home presents an attractive opportunity for those eager to invest in a renovation project. The property is ripe for modernization and offers significant potential for both first-time buyers and seasoned investors.

<strong>Lounge</strong>: This inviting front room boasts a sizable window that floods the space with natural light, complemented by a decorative fireplace and original wooden flooring, establishing a warm atmosphere with potential for contemporary updates.

<strong>Dining Room</strong>: A functional dining area ideal for gatherings, equipped with access to the cellar and striking fireplace recess. This space can be further enhanced, benefiting from its practical layout that connects seamlessly to the kitchen.

<strong>Kitchen</strong>: Positioned at the rear, this spacious kitchen features a comprehensive set of wall and base units, providing plentiful storage options. With large windows and a glazed door leading to the garden, it enjoys abundant light – perfect for reimagining into a modern culinary space.

<strong>Bedroom 1</strong>: A generous main bedroom filled with light from a large window, featuring a charming period-style fireplace that adds character. Equipped with built-in wardrobe space, this versatile room offers plenty of scope for personalization.

<strong>Bedroom 2</strong>: Situated on the upper level, this enchanting second bedroom benefits from sloped ceilings and skylight windows that invite natural light while showcasing pleasing rooftop views. Its flexible design makes it suitable for various uses including guest accommodation or office space.

<strong>Bathroom</strong>: A well-appointed bathroom featuring a three-piece suite with freestanding claw-foot bath and modern tiling delivers both functionality and style, yet remains open to future improvements.

<strong>Additional Room</strong>: An adaptable room that can serve as an extra bedroom or study; it provides direct access to the bathroom and is naturally lit through its window.

This property includes further potential within its cellar area, enhancing storage options or offering additional development possibilities.

Investment Analysis

(NG24 area)
Area Average
£230/sq ft
Avg Rent (weekly)
£180
Avg Yield
3.8%

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
63
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +1.5%
5 year growth: +13.8%
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

William Street, Newark NG24
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£514
Based on a loan of £108,750 over 30 years at 3.91% 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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