Summary - NICHOLSONS WHARF 28 MATHER ROAD NEWARK NG24 1FN
2 bed 1 bath Flat
Modern riverside two-bed, 50% shared ownership—ideal for first-time buyers prepared for lease considerations.
Chain free modern second-floor apartment with river-facing balcony
A bright, recently renovated second-floor apartment with direct River Trent views and a private balcony, offered as 50% shared ownership. The open-plan lounge-diner and modern high-gloss kitchen with integrated appliances make this a low‑maintenance home ready to move into. Two double bedrooms with fitted wardrobes and an immaculate shower room suit first-time buyers seeking convenient town-centre living.
Practical running costs include a monthly rent on the unsold 50% (£280.01) plus a maintenance charge currently £139.14/month (average service charge £1,669.68). Allocated off-street parking, good communal upkeep, secure intercom access and a four-year-old boiler with warranty add useful peace of mind.
There are important constraints to note: the lease has around 69 years remaining and mortgage lenders may refuse to lend on this term. The property lies in a high flood-risk zone and is in an area with very high recorded crime levels — both factors that affect insurance and resale. Buyers should obtain lender and solicitor confirmation before proceeding.
Positioned within easy walking distance of Newark town centre, local shops, schools and two stations (one with a fast link to London), the apartment suits a buyer prioritising transport links and riverside convenience. For someone able to accept the shared-ownership arrangement and lease considerations, this is an affordable route into a modern riverside home.
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