Summary - Lombard Street, Newark NG24 1XG
1 bed 1 bath Apartment
Compact town-centre one bed with tenant in situ and long lease.
Second-floor one-bedroom apartment, open-plan living space
A compact, well-presented one-bedroom apartment on Lombard Street, offered as a straightforward investment or first home in Newark town centre. The flat sits on the second floor of a mid-century block and benefits from an open-plan kitchen/diner/lounge, a double bedroom and a modern three-piece bathroom. The communal entrance with secure entry and intercom adds practical security for residents.
The property is currently let with a tenant paying £650 pcm, making it attractive for buy-to-let investors seeking immediate income. The long lease (around 246 years remaining) removes short-lease complications, and the location places shops, bus and train stations, and supermarkets within easy walking distance.
Buyers should note material drawbacks: there is no allocated parking and on-street parking only; heating is by electric room heaters rather than a central system; and the wider area records very high crime and very high deprivation. The apartment is small (about 328 sq ft) and better suited to a single occupant or couple rather than a family. Leasehold purchase may incur additional fees such as lease packs.
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