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Colonade, Shirebrook, Mansfield

East Midlands

£299,500
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
2291 sqft

Description

Located in the appealing Colonade area of Shirebrook, Mansfield, this property presents a distinctive layout that holds significant renovation potential. Upon entry, you're welcomed into a reception room that serves as a versatile space suitable for both relaxation and entertaining. The house features three comfortable bedrooms, providing ample living space for families looking to personalize their home. A functional bathroom enhances the convenience for residents. A unique aspect of this property is the shop situated on the ground floor, offering a flexible area that could be transformed into a business space or additional storage, catering to various investment aspirations. Natural light floods through double glazed windows, creating an uplifting ambiance throughout the home. The accompanying driveway leads to a spacious rear garden and two garages, enhancing parking and storage options significantly. This property strikes an ideal balance between tranquility and accessibility, positioned conveniently near local amenities and transport links. Additionally, the presence of an old workshop at the back introduces further character and investment potential, inviting ideas for conversion or enhancement. With thoughtful renovations and upgrades, this charming abode could evolve into a modern family home or lucrative rental opportunity.

Investment Analysis

(NG20 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£131/sq ft
Area Average
£186/sq ft
Avg Rent (weekly)
£193
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£468,865
10% above area average per sq ft
Potential ROI
+42.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +4.3% over the last 12 months
3 year growth: 4.3%
5 year growth: 25.3%
Investment Disclaimer: Analysis based on NG20 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

Colonade, Shirebrook, Mansfield
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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
£1,097
Based on a loan of £224,625 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