Property Details


New Build Bungalows

Newark

England

Prices From £76,498

Reserved


A rare opportunity to invest off-plan on a small development of just 7 x one bedroom bungalows located on a former mining colliery in New Ollerton. The scheme forms part of the Sherwood Energy Village, which has received glowing media attention for its environmental principles.  The development is ideally located less than two miles from the A614 and within easy commuting range of Nottingham, Lincoln and Sheffield.

Global Property Investors has negotiated a 15% discount off current market values bringing the purchase price down to just £76,498.  Completion is scheduled for May 2016 so a small 10% deposit on exchange is all that’s required, secure tomorrows property at today’s prices.

The development will be built to a high specification and the bungalows will be Freehold, so no leasehold costs, flooring will also be included in the GPI investor price.

Property Summary


  • Rare Opportunity to Purchase Discounted New Build Bungalows
  • Early Stage Opportunity with Build Completion May 2016
  • Only 10% Exchange Deposit Required in a Few Weeks From Reservation
  • Unusual and High Appeal One Bedroom Bungalows
  • Giving Wide Rental Appeal from Retirees to Young Professionals
  • Competing with the Apartment Market But These are Freehold – No Leasehold Costs!
  • Developer’s Marketing Prices £89,995 – Price Has Been Supported by a Local RICS Valuer
  • 15% Discount Secured from these Market & RICS Prices
  • Meaning Investor Prices are Only £76,498
  • Rents Forecasted at £450 PCM – To Produce an Impressive 7.1% Return
  • Parking, Gardens & Balcony Style Area with Open Aspects
  • Good Central Location for the Commuter to Mansfield, Chesterfield, Nottingham & More

Financial Breakdown