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Merryvale Drive, Mansfield

East Midlands

£140,000

Listed on 07/07/2026

Property details

Bedrooms
2
Type
Semi Detached House
Area
688 sqft

Description

This two-bedroom property is situated on a desirable corner plot in Mansfield, making it an excellent opportunity for those looking to invest or renovate. The prime location offers easy access to Kings Mill Hospital, the A38, and numerous schools, appealing to a broad spectrum of potential buyers. What sets this home apart is its corner position, which not only enhances its street presence but also provides significant potential for extension (subject to necessary approvals). Inside, you'll find a welcoming hallway that leads to a spacious lounge with tasteful decor and a cozy feature fireplace. The kitchen breakfast room features ample wall and base units, generous worktop space, under stairs storage, and a breakfast bar with garden views—ideal for family gatherings. Upstairs are two light-filled bedrooms that are neutrally decorated and ready for personalization. The first-floor bathroom boasts a clean three-piece suite in white. Outside, enjoy off-street parking thanks to the driveway leading to a large garage. The garden surrounds the home, mostly laid to lawn with a low-maintenance courtyard at the rear; it's fully enclosed for privacy and safety. This property not only offers immediate comfort but also presents the chance to develop further and truly make it your own—a fantastic investment opportunity in a great location.

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Investment analysis

(NG19 area)

Below Market Value

This property is priced -2.2% below area average per sq ft

-2.2%
Potential saving
This Property
£203/sq ft
Area Average
£208/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£157,490
10% above area average per sq ft
Potential ROI
-1.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NG19)

Area prices are falling by -2.3% over the last 12 months
3 year growth: +5.9%
5 year growth: +14.7%
Investment Disclaimer: Analysis based on NG19 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Merryvale Drive, Mansfield
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£529
Based on a loan of £105,000 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

Next Steps

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