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Kersall, Newark, Nottinghamshire, NG22 0BJ

East Midlands

£995,000
Listed on 06/09/2024

Property Details

Bedrooms
4
Type
Barn Conversion
Area
1981 sqft

Description

Willowbeck stands out as a unique detached barn conversion, showcasing traditional brickwork complemented by a pantile roof. This property is rich in character, featuring exposed timber beams that enhance its charm. Having been the cherished family home for 25 years, it occupies approximately 3.2 acres of land, offering significant potential for further development or enhancement. The accommodation spans two floors and includes an entrance hallway leading to the lounge, dining room, kitchen, and ground floor cloakroom. The lounge boasts a distinctive exposed brick fireplace with a log burner and a large window that frames views over the surrounding garden and paddock. The adjoining dining area has direct access to the gardens through double doors. The kitchen is functional yet could benefit from modernisation, featuring quality cabinetry and appliances including a double oven and integrated fridge. There’s also an ample utility room providing further storage and utility options. On the first floor, a galleried landing leads to four bedrooms, including a principal suite complete with its own shower room and dressing area. This suite has additional potential for enhancement or reconfiguration if desired. The three other bedrooms offer lovely views over the gardens, while the bathroom features both a freestanding bath and separate shower enclosure. Storage solutions are abundant throughout. A noteworthy feature is the separate detached garage that includes a self-contained studio or home office space—ideal for those working from home or considering rental income possibilities like an Airbnb (subject to planning). Additionally, the expansive first-floor area in this building presents opportunities for conversion into an annexe. The landscaped grounds are extensive and well-maintained, showcasing various fruit trees along with abundant shrubs and vegetable plots. The south-facing aspect of the paddock adds further appeal for equestrian enthusiasts. Located in Kersall, this property is conveniently situated near key road links for easy commuting to Newark on Trent and Ollerton. Willowbeck offers prospective buyers not just a home but an opportunity to invest in enhancing its existing features while enjoying its tranquil setting.

Investment Analysis

(NG22 area)

Above Market Value

This property is priced +110.5% above area average per sq ft

+110.5%
This Property
£502/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Target Value
£519,933
10% above area average per sq ft
Potential ROI
-52.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG22)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
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

Kersall, Newark, Nottinghamshire, NG22 0BJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£3,524
Based on a loan of £746,250 over 30 years at 3.91% 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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