6A Pinfold Mews, Pinfold Lane, Balderton, Newark-on-Trent, NG24 3LP

Description

An opportunity to acquire a first-floor one-bedroom maisonette in the heart of Balderton village. Let on an AST at £6,600 per annum. An opportunity to acquire a first-floor one-bedroom maisonette

Accommodation / Key Property Details

• Situated in the centre of Balderton village
• Let on an AST at £6,600 per annum. An opportunity to acquire a first-floor one-bedroom maisonette in the heart of Balderton village. Let on an AST at £6,600 per annum.
• Located in a well-established residential area, just off Main St
• Close to a wide variety of amenities: restaurants, pubs & shops
• Good road connectivity, easy reach of A1, A46 & A17
• Set 1.9 miles from Newark town centre
• A short drive to Newark Northgate (1h 10min to Kings Cross)
• Great catchment area for both Primary & Secondary Schools
• Comprising a first-floor one-bedroom maisonette

Location

6A Pinfold Mews, Pinfold Lane, Balderton, Newark-on-Trent, NG24 3LP

Tenure

Leasehold; verify title, lease terms, rights, covenants, easements and special conditions in the legal pack.

Auction Information

Investment Analysis

Investment Snapshot

Market Comparables

The auction particulars are the primary factual source for this sheet. HB value screens are desktop estimates only. Before bidding, verify recent Land Registry sales or specialist commercial/land transactions matching the same micro-location, tenure, size, condition and use.

Proposed Works

HB desktop allowance: £5,000. Confirm scope through inspection, survey and contractor/QS pricing.

Rental Value

£6,600 pa (source particulars), equivalent to a 14.7% gross yield on the guide price.

Low / Base / High Investment Scenario

BTL Analysis

Source income provides the headline yield above; verify AST/licence, arrears, service charges and management costs.

BRRR Analysis

At the HB base value screen of £55,000, a 75% refinance is approximately £41,250 before lender criteria. Compare against the full project cost, not guide price alone.

Flip Analysis

Base value screen less guide, HB works allowance and buyer premium leaves approximately £3,200 before SDLT, legal, finance, holding, professional, selling costs and tax. This is not net profit.

Maximum Bid Indicator

Deduct works, buyer premium, legal/professional fees, finance, holding, contingency, selling costs and required profit/return from a verified end value. SDLT is buyer-specific and excluded from this desktop screen.

Strategy Recommendation

BTL, BRRR or refurbishment/resale depending on verified rent, end value, survey and legal-pack findings.

Strategy Rating

BTL: ★★★☆☆ | BRRR: ★★★☆☆ | Flip: ★★★☆☆

Key Risks

Lease length, ground rent, service charge and lender acceptability; Legal-pack special conditions and seller fees; Physical condition and valuation/finance risk.

Analysis Confidence

High for facts directly reproduced from the Auction Estates particulars; medium/low for HB desktop works/value assumptions until direct comparable research, inspection, survey, legal-pack review and contractor/QS pricing are completed.