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£240,000

Asking price

Commercial property for sale Carter Gate, Newark

Commercial property

Freehold

Added on 16/09/2026

About this property

3 Carter Gate, Newark, NG24 1UA (incorporating 2-4 Balderton Gate, Newark, NG24 1UE) A great investment opportunity for a property that has been granted planning permission (23/00852/LBC) for 'Change of use of front section of ground floor Pub to cafe/restaurant (Class E(b)). Rearrange internal layout to create 5 separate residential units and subdivide existing retail unit into 2 retail units. Remove atrium, erect new external staircase and minor internal and external alterations.'

Key features

Grade 2 listing
Planning permission granted - 23/00852/LBC
To create 3 retail units and 5 residential self contained units
Town centre location
Ideal investment for development or rental.
3 Carter Gate, Newark, NG24 1UA (incorporating 2-4 Balderton Gate, Newark, NG24 1UE)

Floorplan

Price guide

This home

£105 / sq ft

Area average (sold)

£233 / sq ft

Price per area, sold homes nearby

£166 / sq ft

£105 / sq ft

£298 / sq ft

Lowest

This home

Highest

£105 per sq ft, below almost all recent sales in NG24 (£166–£298, 10th–90th percentile, 1,632 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 1,632 homes sold in NG24 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in NG24 →

Location

Carter Gate, Newark, NG24 1UA

Open map Street View

Council tax: Band D (Approx £2,682/year)

Mortgage and stamp duty

Property price £240,000

£120k £360k

Deposit10% £24,000

£0 £240k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £216,000 mortgage. Most lenders would want a household income of about £48,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales on Carter Gate — none recorded yet for NG24 1UA. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
26 - 32, Carter Gate NG24 1UB Flat / maisonette	Flat / maisonette	Nov 2010	—	—	—	£315,000
9c, Carter Gate NG24 1UA Semi-detached	Semi-detached	Mar 2008	506 sq ft £723/sq ft	506 sq ft	£723	£366,000
62, Carter Gate NG24 1UB Semi-detached	Semi-detached	Dec 2006	—	—	—	£127,500
18, Carter Gate NG24 1UB Terraced	Terraced	Apr 2006	—	—	—	£192,500
9b, Carter Gate NG24 1UA Semi-detached	Semi-detached	Mar 2004	441 sq ft £487/sq ft	441 sq ft	£487	£215,000