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Mill Lane, Normanton-on-Trent

East Midlands

£675,000
Listed on 30/12/2025

Property Details

Bedrooms
6
Type
Detached
Area
2884 sqft

Description

Lilac Cottage presents a captivating opportunity for renovation enthusiasts and investors. Situated in the idyllic village of Normanton-on-Trent, this spacious property is set on approximately 0.46 acres, boasting wrap-around gardens with mature trees and views of open fields. The cottage has been significantly extended, offering versatile living spaces that cater to families or those seeking multi-generational accommodations. Potential investors will appreciate the recently granted planning permission for a new two-storey granny flat, which could enhance the property's value or rental potential. The internal layout includes various generous rooms such as a large lounge with a log-burning stove, a sun room equipped with a bar area, and a sizeable breakfast kitchen featuring granite work surfaces. The property currently accommodates six bedrooms, including options with ensuite facilities, making it suitable for various living configurations. With a private driveway ensuring ample parking and an outdoor heated swimming pool that adds leisure value to the home, this property not only offers comfort but also substantial potential for enhancement. The existing oil-fired central heating system and UPVC double glazing are definite advantages; however, updates may be required in several areas to meet modern living standards. This charming rural home is waiting for the right buyer to unlock its full potential.

Investment Analysis

(NG23 area)

Below Market Value

This property is priced -11.7% below area average per sq ft

-11.7%
Potential saving
This Property
£234/sq ft
Area Average
£265/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £80,000
Target Value
£840,527
10% above area average per sq ft
Potential ROI
+11.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NG23)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -8.1%
5 year growth: +12.0%
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

Mill Lane, Normanton-on-Trent
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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
£2,391
Based on a loan of £506,250 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.

Stamp Duty Calculator

Price History

-10.0% since listed
£675,000£25,000(-3.6%)
11/09/2025
Current price
£700,000£50,000(-6.7%)
24/05/2025
£750,000Initial listing
27/09/2024

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