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Back Lane, Eakring, Newark, NG22 0DJ - Image 1
Back Lane, Eakring, Newark, NG22 0DJ - Image 2
Back Lane, Eakring, Newark, NG22 0DJ - Image 3
Back Lane, Eakring, Newark, NG22 0DJ - Image 4
Back Lane, Eakring, Newark, NG22 0DJ - Image 5
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Back Lane, Eakring, Newark, NG22 0DJ - Image 8
Back Lane, Eakring, Newark, NG22 0DJ - Image 9
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Back Lane, Eakring, Newark, NG22 0DJ

East Midlands

£180,000
Listed on 12/03/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1135 sqft

Description

This property presents a unique opportunity to invest in a well-located building plot within the idyllic village of Eakring. Set on Back Lane, the site spans approximately 1,220 m² (around 1/3 acre) and comes with full planning permission for the construction of a three-bedroom detached bungalow, designed with modern living in mind. The planned bungalow features an efficient use of space with a gross internal floor area of approximately 110 m² (1,135 sq. ft.). The thoughtfully designed layout includes three double bedrooms, two of which include en suite facilities. The principal bedroom is enhanced by bi-fold doors that open seamlessly into the garden, creating an inviting indoor-outdoor living experience. Central to the home is an expansive open-plan kitchen, dining, and living area that also benefits from bi-fold doors leading to the outdoor space. This layout not only maximizes natural light but also promotes connectivity with the surrounding environment. Eakring itself adds considerable value to this investment opportunity. The village is characterized by its serene rural atmosphere and tight-knit community, centered around historical landmarks such as a charming 13th-century church and a popular local tea room. Despite its tranquil setting, Eakring offers convenient access to larger towns; Southwell is just 7 miles away and Newark-on-Trent—known for its direct rail connections to London—is about 12 miles distant. For potential buyers looking for a self-build project in a captivating location with picturesque surroundings, this property holds significant potential. It combines the allure of rural living with accessibility to urban amenities and transport links, making it an attractive consideration for future homeowners or investors seeking to develop in one of Nottinghamshire's most charming villages.

Investment Analysis

(NG22 area)

Below Market Value

This property is priced -31.6% below area average per sq ft

-31.6%
Potential saving
This Property
£159/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Target Value
£289,340
10% above area average per sq ft
Potential ROI
-45.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG22)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.7%
Investment Disclaimer: Analysis based on NG22 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

Back Lane, Eakring, Newark, NG22 0DJ
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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
£659
Based on a loan of £135,000 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