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Hockerton Road, Newark, NG23 - Image 1
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Hockerton Road, Newark, NG23

East Midlands

£600,000
Listed on 07/06/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique opportunity in the village of Upton, located near Southwell. The offering includes a four-bedroom detached house set on a generous plot of roughly 0.5 acres, accompanied by remnants of an old builders yard and several outbuildings. The main residence has been uninhabited for approximately nine years and is in need of extensive renovation, making it an ideal project for those looking to invest in a property with significant potential. The existing structure provides a blank canvas for refurbishment and expansion, allowing future owners to reimagine the space according to modern preferences while retaining its original charm. The sizeable land offers possibilities not just for family living but also for development; previous planning permission was granted for three detached homes, suggesting strong investment potential. Upton is known for its community spirit and scenic rural surroundings, offering access to local amenities in Southwell, including schools, shops, and transport links. This location is particularly appealing for investors and builders interested in crafting high-quality homes that harmonize with the area’s character. With the right vision and resources, this property can be transformed into a desirable residence or developed into multiple units that cater to the growing demand in this charming village. It's worth considering the redevelopment options available (subject to obtaining renewed planning approvals), as this site holds exceptional promise for future growth in value. Viewing opportunities are available strictly by appointment. For more information or to schedule a visit, please reach out directly.

Investment Analysis

(NG23 area)
Area Average
£263/sq ft
Avg Rent (weekly)
£369
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Hockerton Road, Newark, NG23
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 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