Studio flat for sale

Eastwell Court, The Crescent, Newark NG22 8UZ
FREEHOLD BLOCK OF 9 APARTMENTS + LARGE PLOT
Mix of One and Two Bedroom UnitsGuide Price: £540,000A standout opportunity for investors and developers. This freehold block comprises nine self-contained apartments, arranged as a mix of one bedroom and two bedroom units, all set on a generous plot with extensive land to the rear. The property offers huge potential for refurbishment, reconfiguration, enhanced parking or future development (STPP).Why Eastwell Court Stands Out• Freehold block providing full control of the building and land
• Nine apartments comprising a mix of one bedroom and two bedroom units
• Large rear plot ideal for parking, storage, garden areas or further development (subject to planning)
• Significant value-add potential through refurbishment
• Strong local rental demand with scope for attractive returns
• Quiet residential setting with convenient access to Newark, Mansfield and the A614The OpportunityEastwell Court is a genuine value-add asset. The apartments require renovation, giving buyers a chance to modernise, increase rental returns or reposition the block entirely. The sizeable plot behind the building provides clear scope for expanded parking or additional structures, subject to planning. The property is well suited to developers, portfolio landlords and investors looking for a high-yield multi-unit opportunity.Rental PotentialBased on conservative local figures (depending on finish after refurbishment):
• 1-bed apartments: approx. £475 pcm
• 2-bed apartments: approx. £595 pcmUsing these estimates, the block has the potential to generate around £57,000 per year, giving an approximate 10.5% gross yield at the guide price of £540,000.LocationSet within a peaceful residential crescent in NG22, close to everyday amenities and key commuter routes. A practical and high-demand area for renters.