The Textile Building, Newark
JO

The Textile Building, Newark

By Jon Brambles

£ 120,000

Reviews

3 out of 5 stars

Jon Brambles says ..

GUIDE PRICE £120,000 to £130,000. A one bedroom first floor Studio Apartment located in The Dye Factory of this wonderful historic building a short distance from Newark town centre. The apartment represents excellent value for money and provides an open plan living and sleeping area...

Property Oracle says ..

The property is located in a convenient location within Newark town centre, with easy access to local amenities and transport links. The nearby train station provides access to other parts of the country. Several schools are within a reasonable distance, including Holy Trinity Catholic Voluntary Academy which has a good Ofsted rating.

Based on the provided images, the property appears to be in excellent condition. The interior is modern and well-maintained, with a newly fitted kitchen and bathroom. The building itself seems to have been recently renovated or converted.

The property does not appear to have a private garden, although this may be offset by the communal areas shown in the images. The size of the property is relatively small at 387 square feet.

The list price of £120,000 seems reasonable considering the property’s location and condition. While the square footage is small, the modern updates and central location may justify the price. However, a comparison with similar properties in the area would be needed to confirm this. The lack of bedrooms may affect the overall value. The average price of nearby properties on Victoria Terrace varies significantly, ranging from £34,000 to £154,000, indicating a wide range in property values on this street. More data on comparable properties would assist in a more accurate assessment of the list price.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
9
Location
8
Land
3
Bedrooms
0
Bathrooms
1
Sqft (est)
387.00
Lot (est)
387.00

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
273,747.00 £
Decreased by 7.23 %
from 295,097.00 £
Est sale value
141,642.00 £
Increased by 23.65 %
from 114,552.00 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
387.00 £/mo
Unchanged by 0.00 %
from 387.00 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Jon Brambles created the listing.

Nearby Schools

NameTypeOfstedDistance
Christ Church C Of E Primary SchoolVoluntary Aided SchoolRequires improvement0.17 KM
Holy Trinity Catholic Voluntary AcademyAcademy ConverterGood0.41 KM
Mount Cofe Primary SchoolAcademy Converter0.94 KM
The King'S Church Of England Primary AcademyAcademy Sponsor LedRequires improvement0.98 KM
Magnus Church Of England AcademyAcademy Sponsor LedGood1.49 KM

Images

Front Mail Room Library Library Bedroom Area (virtually staged) Photo 13 kitchen Kitchen living/Bedroom Space Living/Bedroom Space Shower Room Front Door Aerial View Bed/Living Area Bed/Living Area Bed/Living Area Shower Room Kitchen Area Kitchen Area

Nearby Streets

NameAverage PriceAverage SqftDistance
Victoria Street £ 000.00 KM
Boundary Court £ 000.00 KM
Queen Street £ 000.00 KM
King Street £ 200,00000.00 KM
Robin Hood Walk £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Newark Castle6498NCT0.75 KM
Newark North Gate6499NNG1.87 KM
Rolleston6353ROL9.45 KM

Nearby Listings

AddressPriceTypeScoreDistance
Victoria Terrace, Newark £ 150,000BUY6 / 100.00 KM
Pelham Street, ,, Newark, Nottinghamshire, NG24 4XD £ 145,000BUY7 / 100.04 KM
Pelham Street, Newark £ 145,000BUY7 / 100.05 KM
Victoria Street, Newark, Nottinghamshire, NG24 £ 240,000BUY6 / 100.06 KM
Victoria Street, Newark, NG24 £ 220,000BUY7 / 100.06 KM

Nearby Properties

AddressPriceDistance
9 Victoria Terrace £ 131,0000.01 KM
7 Victoria Terrace £ 154,0000.01 KM
2 Victoria Terrace £ 34,0000.01 KM
14 Victoria Terrace £ 142,0000.01 KM
1 Victoria Terrace £ 155,0000.01 KM