Summary - 61 LONDON ROAD NEW BALDERTON NEWARK NG24 3AG
2 bed 1 bath Terraced
Characterful two-bed with rental income and clear upgrade potential for buyers.
2 double bedrooms with two reception rooms for flexible living or rental layout
Currently achieving £650 PCM gross — immediate rental income
Victorian mid-terrace with period character and solid brick walls
EPC rating D; energy-efficiency upgrades likely needed
Assumed no cavity wall insulation; factor retrofit costs
Small front garden and rear yard; limited outdoor space
On-street parking only; no off-street parking provision
Property sold freehold; currently tenanted (vacant possession negotiable)
A solid Victorian mid-terrace offering reliable rental income and clear refurbishment potential. The house has two good-sized reception rooms, a galley kitchen and two bedrooms, making it straightforward to reconfigure or modernise to increase value. It currently produces a gross rental income of £650 PCM, providing immediate cashflow for investors.
Constructed before 1900 with solid brick walls and original features, the property offers character and scope for improvement. The EPC rating of D and assumed lack of wall insulation indicate energy-efficiency upgrades would be beneficial and could reduce bills and boost valuation. On-street parking and a small front garden and rear yard deliver practical outdoor space for tenants.
Important practical points: the property is sold freehold and lies in a generally affluent, low-flood-risk area with fast broadband and excellent mobile signal. It is close to schools, shops and transport links, useful for letting or resale demand. The house is currently let; the landlord has advised a willingness to serve a Section 21 notice after sale if a buyer requires vacant possession — purchasers should check timelines with their solicitor.
Overall, this is a pragmatic purchase for a buy-to-let investor or hands-on buyer seeking period character with upside from energy and cosmetic improvements. Be aware of likely improvement costs (insulation, potential modernisation) and on-street parking only.
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