11c Stodman Street
Newark
Nottinghamshire
NG24 1AN
Grange Road, Newark
Guide Price £110,000
2 Bedroom Flat/Apartment
- Two Double Bedroom First Floor Flat
- Rear Garden
- Residents Parking
- No Chain
- New Gas Central Heating Boiler Oct 2024
- Lounge Diner
- Ground Floor Store Room
- 7.5% to 8% Yield Rental Opportunity
- UPVC Double Glazing
- New Roof 2025
***TURNKEY READY*** Guide Price £110,000 to £120,000
This two double bedroom first-floor flat offers a fantastic opportunity for both first-time buyers looking to step onto the property ladder and savvy investors seeking a high-yield addition to their portfolio.
Marketed at £110,000, the property boasts an impressive potential rental yield of 7.5% – 8%. Peace of mind comes standard here, with a new boiler installed in October 2024 and exceptionally low holding costs, including a service charge of approximately £250 per annum and ground rent at just £10 per year.
Property Highlights:
Downstairs Versatile Storeroom: Could be used as a store, drying room or made into an office.
Spacious Lounge: A bright and airy primary living area featuring neutral décor, and a focal fireplace. There is ample room for both a substantial seating area and a dining set.
Modern Kitchen: A well-appointed galley-style kitchen with sleek cabinetry, butcher-block style worktops, and a classic subway tile backsplash. It comes equipped with an integrated oven, hob, dishwasher and dedicated space for laundry appliances.
Bedrooms & Bathroom
Two Double Bedrooms: Both bedrooms are generously proportioned doubles. The primary bedroom features large windows allowing for plenty of natural light, while the second bedroom offers versatility as a guest room or a spacious home office.
Shower Room: A clean, fully tiled suite featuring a walk-in shower, pedestal wash basin, and a bright, fresh atmosphere.
External Features
Private Garden: Unlike many flats, this property benefits from its own low-maintenance rear garden space—ideal for summer BBQs and outdoor relaxation. There is also a residents parking area providing off road parking.
Located in a popular area of Newark, this property is close to local amenities, schools, and transport links, making it a convenient choice for families and professionals alike.
Agent's Note: With the recent boiler upgrade and incredibly low annual charges, this flat is "turn-key" ready. Its spacious layout and private garden make it highly desirable for the local rental market.
Entrance Hall
Store Room
2.82m x 2.01m (9'3 x 6'7)Max measurements
First Floor
Lounge Diner
4.67m x 4.39m (15'4 x 14'5)max measurements
Kitchen
3.78m x 2.26m (12'5 x 7'5)
Bedroom One
3.96m x 3.20m (13'0 x 10'6)
Bedroom Two
3.96m x 2.82m (13'0 x 9'3)
Shower Room
1.96m x 1.65m (6'5 x 5'5)
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
Property data and search facilities supplied by www.vebra.com