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North Gate, Newark - Development Opportunity

PROPERTY TYPE

End of Terrace

BEDROOMS

3

BATHROOMS

1

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Existing 3-Bed Victorian Terraced House Needing Comprehensive Renovation
  • Guide Price £120,000
  • Proposed New Dwelling with Independent Frontage to Newnham Road
  • Opportunity to Acquire a Building Plot with Full Planning Permission
  • Full Planning Permission for the Erection of a 2-Bed Townhouse & Office
  • Ideal for Developers, Investors and Builders
  • Potential to Create Two Residential Properties for Resale or Long-Term Rental Investment
  • HMO possibility (not affected by Article 4
  • Opportunity For a Renovation Project with an Immediately Deliverable Development Scheme
  • )Walking Distance to Newark Town Centre, Railway Stations and Local Amenities

Description

An exceptional opportunity to acquire a three-bedroom Victorian terraced and a building plot with full planning permission for a town house, offering outstanding potential for renovation, development and investment. The sale incorporates the existing property, which now requires comprehensive modernisation throughout, together with an adjoining building plot benefiting from full planning permission (Application No. 26/00352/FUL) for the demolition of the existing timber garage and greenhouse and the erection of an attractive two-bedroom townhouse. The proposed new dwelling will enjoy its own frontage to Newnham Road, creating a valuable addition within this well-established residential location.

114 North Gate presents an exceptional opportunity to acquire a three-bedroom Victorian terraced and a building plot with full planning permission for a town house, offering outstanding potential for renovation, development and investment. The sale incorporates the existing property, which now requires comprehensive modernisation throughout, together with an adjoining building plot benefiting from full planning permission (Application No. 26/00352/FUL) for the demolition of the existing timber garage and greenhouse and the erection of an attractive two-bedroom townhouse. The proposed new dwelling will enjoy its own frontage to Newnham Road, creating a valuable addition within this well-established residential location.

Situated within comfortable walking distance of Newark town centre and its extensive range of amenities, this is an increasingly rare opportunity for developers, investors or owner-occupiers alike. Once complete, the scheme offers the potential to create two separate residential properties, making it equally attractive as a development project for resale or as a long-term investment with excellent rental potential.

North Gate is conveniently situated within walking distance of Newark town centre and an excellent range of local amenities. Nearby is a retail park including an M&S Foodhall, B&Q, Majestic Wine and Mountain Warehouse, whilst the town also benefits from Waitrose, Morrisons, Asda, and Aldi supermarkets.

Newark’s attractive Georgian Market Place offers an excellent selection of independent shops, cafes, bars and restaurants, together with regular markets throughout the week. The town provides a choice of well-regarded primary and secondary schools, leisure facilities and the popular Sconce and Devon Park, offering riverside walks, open parkland, children’s play areas, Rumbles Cafe and a variety of recreational facilities.

For commuters, Newark Northgate railway station provides regular high-speed services to London King’s Cross in approximately 75 minutes, whilst Newark Castle railway station offers services to Nottingham and Lincoln. The A1 and A46 dual carriageways are both within easy reach, making Newark an excellent base for commuting throughout the region.

The property comprises a terraced house likely to date from the late Victorian period constructed with brick elevations with rendering to the front elevation under a concrete interlocking tiled roof. There are replacement uPVC double glazed windows. The property has a timber framed garage positioned at the rear of the plot with vehicular access available via a concrete forecourt access from Newnham Road. The living accommodation is arranged over two levels and described in further detail as follows:

Ground Floor -

Entrance Hall - 3.73m x 0.94m (12'3 x 3'1 ) - Wooden front entrance door with glazed light.

Inner Hall - 1.91m x 0.84m (6'3 x 2'9 ) - Staircase to first floor.

Front Sitting Room - 3.53m x 3.63m (11'7 x 11'11 ) - UPVC double glazed window to front elevation.

Dining Room - 4.57m x 3.48m (15' x 11'5 ) - Door leading to cellar.

Kitchen - 2.39m x 2.24m (7'10 x 7'4 ) - Side window and door.

Bathroom - 2.11m x 1.50m (6'11 x 4'11 ) -

Lean To Veranda - 2.74m x 2.31m (9' x 7'7 ) - With glazed windows in poor condition.

Outside Wc - With low suite WC, wall mounted Baxi gas fired central heating boiler.

Cellar - 3.48m x 3.48m (11'5 x 11'5 ) - A sub-terranian room with brick floor.







First Floor -

Landing - Connecting to:

Inner Landing - 2.41m x 1.22m (7'11 x 4' ) - Steps leading to attic room.

Bedroom One - 4.32m x 3.68m (14'2 x 12'1 ) - Two uPVC double glazed windows to the front elevation.

En-Suite -

Bedroom Two - 3.53m x 2.16m (11'7 x 7'1 ) - UPVC double glazed window to rear elevation.

Attic Room - 4.65m x 3.66m (15'3 x 12' ) - (maximum measurement with restricted head height)

Wood framed single glazed window in the gable end.

Outside - To the front there is a forecourt enclosed with a brick wall. To the rear of the house there is an enclosed rear garden/yard, a dilapidated greenhouse and garden shed. A wooden gate and a concrete path lead to the rear extent of the property, giving access to Newhnam Road where there is a concrete forecourt giving access to the garage.

Garage - 7.90m x 3.66m (25'11 x 12') - Timber framed garage with cladding to the walls, power and light connected, centre opening wooden doors which allow vehicular access from Newhnam Road.

Tenure - The property is freehold.

Services - Mains water, electricity, gas and drainage are all connected to the property.

Possession - Vacant possession will be given on completion.

Viewing - Strictly by appointment with the selling agents.

Mortgage - Mortgage advice is available through our Mortgage Adviser. Your home is at risk if you do not keep up repayments on a mortgage or other loan secured on it.

Planning - Full Planning Permission (Application No. 26/00352/FUL) for demolition of existing garage and greenhouse and erection of a Two-Bedroom Townhouse.

Council Tax - The property comes under Newark and Sherwood District Council Tax Band A.

Disclosure - The Vendor of this property is an employee of Richard Watkinson & Partners.

Agents Note - External photographs of the property have been enhanced digitally to optimise lighting, adjust weather conditions or remove temporary clutter. No permanent structural features, material defects or neighbouring views have been obscured or altered. The images are for illustrative marketing purposes only. Buyers should rely on their own physical inspection of the property.

Brochures

North Gate, Newark - Development Opportunity
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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North Gate, Newark - Development Opportunity

Approximate location

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Affordability

Monthly repayments£602
Property: £ 120,000
Deposit: £ 12,000
Interest rate: 5.33%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
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About Richard Watkinson & Partners, Newark

25 Stodman Street Newark NG24 1AT
Industry affiliations:

Richard Watkinson & Partners is one of the East Midlands most established estate agencies having had a presence in the area for more than 30 years. Our experienced and trusted agency has offices across the region specialising in residential and commercial sales as well as lettings. With friendly, approachable and knowledgeable staff, Richard Watkinson & Partners is known for its expertise in all areas of property.

"I set up Richard Watkinson & Partners is 1988 with just three staff in a small office in North Gate, Newark.

"A lot has changed since then - we now have more than 30 members of staff, six offices across the East Midlands as well as dedicated lettings, new homes and commercial agents - but the core values I set out when I started the business have remained.

"High levels of customer service, a friendly, personable approach to estate agency and excellent local knowledge are all paramount in delivering a professional and effective service. These are the values upon which I built Richard Watkinson & Partners and I'm proud that these are always at the forefront of our agents' minds when dealing with customers.

"Estate agency itself hasn't changed, it's still a business which orientates around people and that is something we instil in all of our staff. People still like to walk into their local estate agency, browse properties and talk to an agent who knows the area and can provide useful advice on how to buy or sell a home. All of our staff live locally and are able to provide the best possible local knowledge, providing customers with a personal service on which they can rely.

"I'm proud that we remain a local, family-run business - always putting the customer first - and that our strong roots in the East Midlands continue to enable us to act as one of the region's leading agents across residential and commercial lettings and sales." - Founder, Richard Watkinson

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Disclaimer - Property reference 34853725. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Richard Watkinson & Partners, Newark. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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