Summary - 7 HAZEL GROVE NEW BALDERTON NEWARK NG24 3BQ
1 bed 1 bath Flat
Low-price ground-floor studio needing refurbishment — ideal for cash investors or a renovation project..
Guide price £40,000 for ground-floor studio apartment
Allocated off-street parking space included
Communal gardens; quiet cul-de-sac location
Requires full refurbishment and modernisation throughout
EPC rating E — energy efficiency improvements likely needed
Lease approximately 76–78 years remaining; lenders may refuse
Ground rent £84pa; council tax very cheap
Local crime levels above average — factor for lettings
Guide price £40,000. This ground-floor studio apartment in New Balderton is a clear investment proposition for a buyer prepared to renovate. The compact bed-sitting room, small kitchen and shower room need updating but provide straightforward scope for refurbishment and redecoration to lift rental value.
The flat includes an allocated off-street parking space and access to communal gardens, set in a quiet cul-de-sac close to shops, schools and regular bus links to Newark. Local amenities, lakeside walks and good connections to Nottingham and Lincoln help sustain rental demand in the area.
Important considerations: the lease has roughly 76–78 years remaining and mortgage lenders may refuse to lend on this term. The property has an EPC rating of E, shows dated fixtures, and requires renovation throughout. Ground rent is low (£84pa) and council tax is very cheap, but crime levels are above average locally.
This is best suited to an investor or cash buyer seeking a low-entry purchase to refurbish for the rental market or resale. The bungalow-era block and mid-century construction mean relatively simple, cost-effective improvement work rather than structural overhaul.
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