About This Property

Discover what makes this home special

The Locke is a spacious detached family home located in the semi-rural outskirts of Newark-on-Trent, Nottinghamshire. Offering four well-proportioned bedrooms and three bathrooms, this property is ideal for growing families seeking a blend of comfort and convenience. The ground floor boasts a generous lounge and an open-plan kitchen/dining area that benefits from ample natural light, creating a warm and inviting atmosphere. The rear garden faces south-east, ensuring pleasant morning and early afternoon sunlight, perfect for outdoor activities and relaxation.

Situated within easy reach of Newark town centre and key transport links, The Locke provides excellent connectivity to Nottingham and London, making it suitable for commuters. Local amenities including schools, parks, and supermarkets are within a short drive, enhancing the appeal for families. Future infrastructure projects such as the Newark Southern Link Road promise to improve accessibility further, supporting the area's growth potential.

This property combines modern living with a tranquil setting, offering a balanced lifestyle for those looking to settle in a well-established community with good prospects for capital appreciation.

Property Features

The Locke features a practical layout with four bedrooms, including a master with en-suite shower room, and two additional bathrooms to accommodate family needs. The open-plan kitchen and dining area is designed to maximise space and light, ideal for entertaining. A separate lounge provides a comfortable living area. Additional conveniences include a utility room and cloakroom on the ground floor, while the south-east facing garden offers a pleasant outdoor space. Off-street parking is available, enhancing the property's functionality.

DetachedFour BedroomsThree BathroomsOpen-plan Kitchen/DiningLoungeSouth-East Facing Garden+3

Local Amenities

The property benefits from proximity to a range of local amenities that cater to everyday needs and leisure. Newark Academy and Magnus Church of England Academy provide reputable education options within a short drive. Shopping needs are met by nearby Sainsbury's and the vibrant Newark Market Place, offering fresh produce and local goods. Riverside Park and Newark Leisure Centre offer recreational opportunities for families and fitness enthusiasts. Dining options such as The George Hotel add to the community feel, making this location well-rounded for residents.

Newark AcademyMagnus Church of England AcademySainsbury's SupermarketNewark Market PlaceRiverside ParkThe George Hotel+1
Newark North Gate Train Station (2.5 miles, 7 mins drive) • 35 mins by car to Nottingham

Estimate Calculator

Mortgage Calculator

25%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£380,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£2,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Landlord's Insurance£25/mo
Agency Fees-
Est. Rent-
Net Monthly-

Mortgage Calculator

10%
25
4.5%
Monthly Payment-
Purchase Costs
Total Price£380,000
Mortgage Deposit-
Stamp Duty-
Deposit Contribution£0
Searches & Other£1,500
Legal Fees£1,500
Total Cash Required-
Monthly Costs
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Home Insurance£30/mo
Total Monthly-

International Suitability

Moderate Opportunity
65/100
ChallengingModerateGoodExcellent
Affordable entry point
Limited direct international transport links
Good rental demand from local families

International Buyer Calculator

35%
20
5.5%
Monthly Payment-
International buyers typically require 25-40% deposit with limited lender options
Purchase Costs (Non-UK Resident)
Total Price£380,000
Mortgage Deposit (Min 25%)-
Stamp Duty + 2% Surcharge-
Legal Fees (Intl Complex)£3,500
AML & ID Verification£500
Bank Transfer Fees£1,000
Total Cash Required-
Monthly Costs & Income
Estimated Service Charge£0/mo
Estimated Ground Rent£0/mo
Mortgage-
Full Management (10%)-
Landlord's Insurance£35/mo
Est. Rent-
Net Monthly-
Key Considerations for International Buyers
+2% Stamp DutyAdditional surcharge for non-UK residents on property purchases
Higher DepositMost lenders require 25-40% deposit for non-UK residents
AML ComplianceEnhanced due diligence and source of funds verification required
Property ManagementFull management service recommended for overseas landlords

Investment Analytics

Key metrics for investors & buyers
Gross Rental Yield
6.2%
Based on £1,963/mo rent
Area Price Growth
+6.5%
Average annual increase
5-Year Value Forecast
£521,122
+£141,122 projected gain
5-Year Rent Forecast
£2,482/mo
Based on 4.8% annual growth
Price per Sq Ft£292
Annual Rent Income£23,556
10-Year ROI248%
Break-Even Point13 yrs

Property Value Projection

Based on 6.5% annual growth
£521,122
5yr
£714,653
10yr
£980,056
15yr
£1,344,023
20yr
£1,843,158
25yr
Current: £380,000

Monthly Rental Income

Based on 4.8% annual growth
£2,482
5yr
£3,137
10yr
£3,966
15yr
£5,014
20yr
£6,338
25yr
Current: £1,963/mo
* Projections are estimates based on historical market data and are not guaranteed. Past performance does not indicate future results.

Property Features

Local Area & Amenities

Floorplans

Ground Floor

Property Floorplan

Site Plan

Location

Commute Time Planner

London King's Cross
1h 15m
1h 45m
East Midlands Airport
N/A
30 mins

Sun Path & Natural LightAI generated - Estimated

NESW
South-East-Facing Excellent
7h
Garden Sun (Summer)
Yes
Morning Sun
No
Afternoon Sun

Room-by-Room Light Analysis

Lounge
Morning Moderate
Afternoon Good
Evening Low
Kitchen/Dining
Morning Excellent
Afternoon Good
Evening Moderate
Bedrooms
Morning Good
Afternoon Moderate
Evening Low

Location Scores

55
Walk Score
Somewhat Walkable
40
Transit Score
Some Transit
48
Bike Score
Somewhat Bikeable
View Location Details

Future Developments Nearby

Transport Infrastructure+Positive Impact
Newark Southern Link Road
1.2 milesEst. 2025
Commercial & Residential+Positive Impact
Newark Town Centre Regeneration
2 milesEst. 2027
* Information based on local planning applications and may be subject to change

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£380,000
AvailableNB0000023141
View Location Analytics

The Locke

Grantham, Grantham NG31 7TS
Somerby View Grantham
4
Bedrooms
3
Bathrooms
1,300
Est. Sq ft
detached
Type

Developer

Bloor Homes
Available Plot Numbers
Plot 241
1 plot(s) available
Ownershipfreehold

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£380,000The Locke

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The Locke
The LockeGrantham£380,000

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