Also known as Newark-on-Trent, this charming town is steeped in history. Its picturesque location on the River Trent makes it a serene environment to live in with a high quality of life. For this and many other reasons, Newark investment properties have become a popular choice for buy-to-let investors.
Newark: A City Guide for Buy-To-Let Investors
For buy-to-let investors, Newark offers a variety of opportunities. With Strong capital appreciation potential, Newark is an obvious choice for a property investment. In the year from 2020-2021, Newark house prices rose by 20%, the second highest growth rate in the country. The UK average growth rate was just 6.2%.
The town has a strong rental market, with investors able to achieve yields of up to 5-6%. With a high demand for quality rental properties from both students and working professionals, Newark is an attractive location for buy-to-let investors looking to generate a steady income stream.
Property prices in Newark are relatively affordable compared to other UK cities, making it an attractive location for investors looking for a good return on investment. The average sold house price in Newark in the last 12 months is £216,184 as of March 2023 compared to £350,918 for the UK.
An Introduction to Newark
Newark is a market town located in Nottinghamshire, England. It is situated on the River Trent and has a population of approximately 35,000 people.
The town has a rich history dating back to the Roman era, and it was an important centre of trade and commerce during the medieval period. Newark played a significant role in the English Civil War, and it was the site of several important battles and sieges.
Today, Newark is a thriving market town with a vibrant economy and a variety of cultural attractions. The town is home to several historic landmarks, including Newark Castle and the Newark Parish Church of St. Mary Magdalene. There are also several museums and galleries in the town, including the National Civil War Centre, which explores the history of the English Civil War.
Newark is also known for its bustling market, which takes place every Wednesday, Friday, and Saturday in the town centre. The market features a variety of stalls selling everything from fresh produce to handmade crafts.
In addition to its historical and cultural attractions, Newark is also a popular destination for outdoor enthusiasts. The town is surrounded by beautiful countryside, and there are several parks and nature reserves in the area, including Sherwood Forest and the Newark Riverside Park.
Overall, Newark is a charming and idyllic town with a rich history and a vibrant community. Whether you are interested in history, culture, or outdoor activities, there is something for everyone in Newark.
"In the year from 2020-2021, Newark house prices rose by 20%, the second highest growth rate in the country"
Why Invest in Buy-To-Let Property For Sale in Newark
Newark has seen steady economic growth in recent years, with a diverse range of industries contributing to its success.
Newark has a strong manufacturing sector, with companies such as Edwards and Lincoln Electric operating in the area. These companies employ a significant number of people and contribute to the local economy.
The town centre is home to a variety of shops, cafes, and restaurants, which attract visitors from the surrounding areas. The regular markets held in the town centre also contribute to the local economy.
In terms of tourism, Newark has a rich history and a variety of cultural attractions, including Newark Castle, the National Civil War Centre, and the Newark Parish Church of St. Mary Magdalene. These attractions attract visitors from all over the UK and beyond, generating revenue for the local economy.
Newark is home to several educational institutions, including Newark College and the University of Lincoln’s School of Agriculture. These institutions provide employment opportunities and attract students from around the world, who contribute to the local economy.
Newark is well-connected to other major cities in the area, with easy access to the A1 and A46 roads, as well as regular rail services to Nottingham and Lincoln. This makes it an attractive location for businesses and commuters.
Overall, Newark’s diverse range of industries and attractions, combined with its excellent transport links, make it a hub for economic growth in the East Midlands region of England.
Newark has seen steady population growth in recent years. According to the Office for National Statistics (ONS), the population of Newark and Sherwood district, which includes the town of Newark, was estimated to be around 120,900 people in mid-2020. This represents a population increase of around 3.1% since 2011. A growing population means there is a higher demand for property rentals in the area, which is good news for buy-to-let investors.
The student population in Newark also presents a great opportunity for buy-to-let investors. Newark College is a further education college located in the town, which attracts a steady flow of students each year. Additionally, the University of Lincoln’s School of Agriculture is also located nearby, which draws in further students.
Investing in rental properties that cater to students can be a lucrative opportunity for buy-to-let investors. The demand for quality rental properties from students in Newark is high, and rental prices for student accommodation are often competitive.
Newark is well-connected to other major cities in the area, making it easy for residents and visitors to get around.
In terms of road networks, Newark is located near the A1 and A46 roads, providing easy access to other major cities in the area. The town is also located along the Great North Road, a historic route that runs from London to Edinburgh.
Newark is served by two railway stations: Newark North Gate and Newark Castle. From Newark Castle Station you are able to get the train to Nottingham Railway Station in just 21 minutes, making it the ideal location for commuters wishing to live outside of the city. From Newark North Gate, there are direct services to London King’s Cross taking as little as 1 hr 13 mins, again making it an attractive location for commuters. You can also get to many other nearby cities by train including Lincoln, and Leeds.
You will find several bus services that operate in and around Newark, providing transport to nearby towns and villages. Local bus services are operated by Stagecoach East Midlands and Trent Barton.
The nearest international airport to Newark is East Midlands Airport, which is located approximately 30 miles away. The airport offers flights to a range of destinations in Europe and beyond.
Overall, Newark’s transport infrastructure provides residents and visitors with a range of options for getting around. With easy access to major roads, rail links to other major cities, and local bus services, getting around Newark is relatively easy.
Investing in Newark Buy-To-Let Properties
Overall, investing in property in Newark can be a great opportunity for investors. With a strong rental market, good transport links, and a range of local amenities, Newark is an attractive location for both tenants and investors. Investors can take advantage of lower house prices compared to other UK cities but with competitive rental yields of up to 5-6%.