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Dry Doddington

East Midlands

£300,000
Listed on 11/05/2024

Property Details

Bedrooms
N/A
Type
Detached house
Area
1292 sqft

Description

The Wheatsheaf Inn offers a distinctive opportunity for those looking to invest in a property with deep community roots and significant potential for revitalization. This established pub is more than just a bar; it serves as a local gathering place with a rich history that can be further developed with thoughtful renovations and modern enhancements. Occupying a prime location, the property is strategically positioned to attract both loyal patrons and new visitors, thanks to its accessibility and familiar presence within the neighborhood. The building includes a self-contained flat that currently provides a steady monthly income of £850, presenting an immediate revenue stream while plans for renovation take shape. With the right vision and resources, there is ample opportunity to transform this treasured establishment into an inviting space that resonates with both long-time residents and newcomers alike. Investors can capitalize on the local charm while integrating contemporary elements to create a thriving business model that honors its heritage while looking ahead to the future.

Investment Analysis

(NG23 area)

Below Market Value

This property is priced -11.8% below area average per sq ft

-11.8%
Potential saving
This Property
£232/sq ft
Area Average
£263/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£373,989
10% above area average per sq ft
Potential ROI
-6.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG23)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -4.9%
5 year growth: 17.8%
Investment Disclaimer: Analysis based on NG23 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

Dry Doddington
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE