Birch Road, Balderton, Newark

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

Agent: Leaders - Mansfield Phone: 01623 355626

* SOLD WITH TENANT IN SITU *<br/><br/>Groundfloor Apartment offering an excellent opportunity for investors. Situated in a popular residential area of Newark, the property benefits, efficient electric heating, and double glazing throughout.<br/><br/>The accommodation comprises a spacious living area, a fitted kitchen with ample storage, and bathroom. Externally, there is off-street parking and well-maintained communal gardens.<br/><br/>Located close to local amenities, transport links, and Newark Northgate Train Station, the property provides easy access to Lincoln, Nottingham, and London Kings Cross—making it ideal for commuters.<br/><br/>This apartment would make an attractive buy-to-let investment, offering a strong return in a desirable rental area.<br/>Monthly rent: £495<br/>Annual rental income: £495 × 12 = £5,940 per year<br/><br/>Gross rental yield:<br/>(£5,940 ÷ £70,000) × 100 = 8.49%<br/><br/>Kitchen <br/>Fitted with a range of wall and base level units with work surface over, stainless steel sink with side drainer and mixer tap, tiled splashbacks, cooker point, space for white goods and window.<br/><br/>Lounge/Bedroom <br/>Having a window and wall mounted storage heater.<br/><br/>Shower Room <br/>Fitted with a three piece suite comprising of shower enclosure, low level flush WC, wash hand basin and extractor fan.<br/><br/>Outside <br/>Shared communal gardens and allocated parking.<br/><br/>Disclaimer <br/>These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase. The services, systems and appliances in the property have not been tested and no guarantee as to their operability or efficiency can be given.