PIP is delighted to bring our investors this outstanding ‘exclusive and hugely discounted’ opportunity to purchase these spacious 4-bed, 3-bath, 4-storey townhouses in a gated community, complete with garage and parking, in the centre of the historic and picturesque market town of Newark. Discounted by 16%, these fantastic properties are available for only £222,995.
This sensational opportunity is only as a result of Covid-19 as the developer needs to get off the site to fulfil the next development they have committed to. These properties have been discounted by 16% off the selling price of £265,000, which equates to an incredible saving of £42,005.
According to local Estate and Lettings Agent Whitegates, these properties are in a superb location, with great transport links and a strong rental demand. They should achieve monthly rental amounts of £1,000 - £1,100, which translates into gross rental yields of up to 6%.
The properties feature a large entrance hall, leading to a separate garden room, with French doors opening onto the rear enclosed garden. In addition, there is a good sized cloakroom and a storage cupboard with plumbing for a washing machine. To the first floor features a high gloss kitchen/breakfast room with wood worktop and integrated appliances comprising of fridge-freezer and dishwasher, leading to a beautiful dining area and lounge with glass Juliet balcony looking out to the development. On the second floor the master bedroom benefits from an ensuite shower room, there is also a family bathroom with bath and shower over, and a further double bedroom to the rear aspect. To the third floor features a further two double bedrooms and family bathroom with a separate shower and bath along with an additional storage cupboard. Each property benefits from gas central heating and double glazing throughout, along with a single garage and parking space.
Reasons To Invest
- Built over 4 floors and offering 2,050 sq.ft of space, the properties come with flooring throughout, integrated white goods, turf and fencing;
- 12-month rent guarantee from the date of legal completion of £1,100 pcm;
- Discounted by 16% off list price, equating to a saving of £42,005;
- Gross yields predicted of 6%;
- 10 Year Aedis Warranty and 1 Year defects period;
- Gated development in a town centre location;
- Newark Hospital is only 1 mile away;
- There are two train stations less than 1.5 miles away, with regular services to London Kings Cross taking 1 hour 15 minutes.
- The development is located just off the A1 on the east side of Nottinghamshire, almost equidistant from Nottingham (22 miles) and Lincoln (19 miles), ideal for commuters.
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