1/8
£240,000
2,275 sq ft
Carter Gate, Newark
0 miles
away
Freehold
Added on 16/09/2026 
Auction
1/19
Auction
1/19
£240,000
Guide Price 9 bed commercial property for sale Carter Gate, NEWARK
9
beds 5
baths Commercial property
For sale by auction Freehold
Added on 16/09/2026
About this property
GUIDE PRICE £240,000 - Planning permission granted - 23/00852/LBC To create 3 retail units and 5 residential self contained units Town centre location AVAILABLE POST AUCTION GUIDE PRICE: £240,000 AUCTION DATE: TUESDAY 28th JULY 2026 Description 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
- UNSOLD AT AUCTION
- 28 July 2026
- EPC Rating - C
Floorplan
Location
Carter Gate, NEWARK, NG24 1UA
- Council tax
- Band D (Approx £2,682/year)The agent has not stated the band, so band D is shown as the local reference: Newark and Sherwood's 2026/27 area average, including the typical parish precept. The actual band and any discounts change the bill.
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 |
Area insights
The neighbourhood around this property.
Marketed by
William H. Brown, Derby Auctions
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