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Charles Street, Newark NG24

East Midlands

£115,000
Listed on 12/04/2026

Property Details

Bedrooms
2
Type
Terraced
Area
919 sqft

Description

This property presents an excellent opportunity for renovation and investment, ideally suited for first-time buyers or those looking to create a custom living space. Nestled on a picturesque tree-lined street with convenient access to Newark Town Centre, this home offers spacious accommodation including an entrance hall, lounge, dining room, kitchen, two bedrooms, and a bathroom on the first floor. The exterior features a front garden and a shared passage leading to an enclosed rear lawn garden. The property is in need of modernization, particularly the kitchen and bathroom areas which offer significant potential for improvement. Located in Newark-on-Trent, a historic market town known for its rich heritage and vibrant community amenities such as shops, restaurants, parks, and transport links, this property offers both character and convenience.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -45.5% below area average per sq ft

-45.5%
Potential saving
This Property
£125/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£180
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£232,002
10% above area average per sq ft
Potential ROI
+65.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Charles 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
£407
Based on a loan of £86,250 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.

Stamp Duty Calculator

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