2 bedroom Flat For Sale

*Sale via Modern Method of Auction - Staring Bid £90,000*

Offered to the market with no chain and vacant possession, this well-proportioned two-bedroom apartment sits within a smart, purpose-built development on Goldstraw Lane in the popular Fernwood area of Newark. With the two balconies, the apartment is presented in clean, neutral tones throughout and is ready for its new owner to move straight in. It would suit first-time buyers, downsizers and investors alike.

Communal Entrance

The building is approached through landscaped communal grounds to a secure glazed entrance with an intercom entry system. Inside, a bright and well-kept communal hallway with a carpeted staircase leads to the apartment, and the development is professionally managed.

Entrance Hallway

A central hallway connects every room in the apartment, keeping the layout practical and well zoned. A storage cupboard provides valuable space for coats, cleaning equipment and general household items.

Kitchen / Living Area

The heart of the home is a generous open-plan kitchen and living space, finished with grey wood-effect flooring and track spotlighting. French doors open onto a private balcony with a pleasant outlook over the street and mature trees to the front, filling the room with natural light, while a further window at the kitchen end adds brightness to the cooking area. There is ample room for both lounge and dining furniture, making this a sociable space for everyday living and entertaining.

The kitchen area is fitted with a range of high-gloss cream wall and base units, complemented by wood-effect worktops and a tiled splashback with under-cupboard lighting. Integrated appliances include an electric oven and a four-plate electric hob with a stainless-steel chimney extractor hood above. There is also a twin-bowl stainless steel sink with mixer tap, a built-in wine rack, drawer storage and space for further appliances.

Bedroom One

A double bedroom benefiting from a full-width run of built-in wardrobes, providing excellent storage without taking up floor space. Twin windows allow plenty of natural light, and the room is finished with a grey carpet, neutral décor and an electric panel heater.

Bedroom Two

The larger of the two bedrooms by floor area, this spacious double room features French doors opening onto a second private balcony overlooking the residents' parking area. It is finished with a grey carpet, neutral décor and an electric panel heater, and would work equally well as a main bedroom, guest room or home office.

Bathroom

The bathroom is fitted with a white three-piece suite comprising a panelled bath with shower over and shower curtain rail, a pedestal wash basin and a low-level WC. It is finished with part-tiled walls, fully tiled surround to the bath, a heated towel rail, an extractor fan and tile-effect flooring.

Outside & Parking

The development is set within attractive communal grounds with lawned areas and established shrub borders. The apartment comes with its own allocated parking space within a block-paved residents' car park.

Location

Fernwood is a sought-after residential area on the southern edge of Newark-on-Trent, offering a range of local amenities and green spaces close by. Newark's historic market town centre is within easy reach, with its wide selection of shops, restaurants, cafés and leisure facilities. For commuters, the A1 and A46 are close at hand for travel around the country and Newark Northgate station offers direct rail services to London King's Cross.

Summary

With no chain, vacant possession, two balconies, built-in storage and allocated parking, this apartment offers a straightforward purchase in a popular location. Early viewing is highly recommended.

Potential Rent

Potential Rental Income - £825pcm / £9,900pa meaning a potential gross yield of 11%

Material Information

EPC – C

Council Tax Band – A

Tenure – Leasehold

Service Charge - £1,191.64pa

Ground Rent - £135pa

Years Remaining on Lease – 104 years

These sales particulars have been prepared by Belvoir upon the instruction of the vendor. Any services, equipment and fittings mentioned in these sales particulars have NOT been tested, and accordingly, no warranties can be given. Prospective purchasers must take their own enquiries regarding such matters. These sales particulars are produced in good faith and not intended to form part of a contract.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional. EPC rating: C. Council tax band: A, Tenure: Leasehold,