Grange Road, Newark

Property Details: - Type: Apartment - Bedrooms: 2 - Bathrooms: 1

Agent: Edlin & Jarvis Estate Agents - Newark Phone: 01636 358872

*TURNKEY READY* Guide Price £110,000 to £120,000<br/><br/>This two double bedroom first-floor flat offers a fantastic opportunity for both first-time buyers looking to step onto the property ladder and savvy investors seeking a high-yield addition to their portfolio.<br/>Marketed at £110,000, the property boasts an impressive potential rental yield of 7.5% – 8%. Peace of mind comes standard here, with a new boiler installed in October 2024 and exceptionally low holding costs, including a service charge of approximately £250 per annum and ground rent at just £10 per year.<br/><br/>Property Highlights:<br/>Downstairs Versatile Storeroom: Could be used as a store, drying room or made into an office. <br/>Spacious Lounge: A bright and airy primary living area featuring neutral décor, and a focal fireplace. There is ample room for both a substantial seating area and a dining set.<br/>Modern Kitchen: A well-appointed galley-style kitchen with sleek cabinetry, butcher-block style worktops, and a classic subway tile backsplash. It comes equipped with an integrated oven, hob, dishwasher and dedicated space for laundry appliances.<br/>Bedrooms & Bathroom<br/>Two Double Bedrooms: Both bedrooms are generously proportioned doubles. The primary bedroom features large windows allowing for plenty of natural light, while the second bedroom offers versatility as a guest room or a spacious home office.<br/>Shower Room: A clean, fully tiled suite featuring a walk-in shower, pedestal wash basin, and a bright, fresh atmosphere.<br/><br/>External Features<br/>Private Garden: Unlike many flats, this property benefits from its own low-maintenance rear garden space—ideal for summer BBQs and outdoor relaxation. There is also a residents parking area providing off road parking.<br/><br/>Located in a popular area of Newark, this property is close to local amenities, schools, and transport links, making it a convenient choice for families and professionals alike.<br/><br/>Agent's Note: With the recent boiler upgrade and incredibly low annual charges, this flat is "turn-key" ready. Its spacious layout and private garden make it highly desirable for the local rental market.<br/><br/><b>Entrance Hall</b> - <br/><br/><b>Store Room</b> - 2.82m x 2.01m (9'3 x 6'7) - Max measurements<br/><br/><b>First Floor</b> - <br/><br/><b>Lounge Diner</b> - 4.67m x 4.39m (15'4 x 14'5) - max measurements<br/><br/><b>Kitchen</b> - 3.78m x 2.26m (12'5 x 7'5) - <br/><br/><b>Bedroom One</b> - 3.96m x 3.20m (13'0 x 10'6) - <br/><br/><b>Bedroom Two</b> - 3.96m x 2.82m (13'0 x 9'3) - <br/><br/><b>Shower Room</b> - 1.96m x 1.65m (6'5 x 5'5) - <br/><br/>