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Kighill Lane, Ravenshead, Nottingham

East Midlands

£975,000
Listed on 30/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2783 sqft

Description

This detached dormer bungalow presents a compelling opportunity for redevelopment, situated on approximately 1.5 acres in the sought-after village of Ravenshead. Located near the junction of Kighill Lane and Longdale Lane, this property is part of a larger site that has recently been designated for residential development, with potential plans allowing for up to 30 new homes pending planning permissions. The bungalow itself boasts substantial living space of around 2,390 square feet, comprising four bedrooms along with extensive garaging for six vehicles and two workshops.<br><br>In terms of local amenities, Ravenshead offers a strong community environment with essential services including schools, pubs, a library, and healthcare facilities within close proximity. With excellent transport links to Mansfield and Nottingham city centre via public transport along the A60 route, accessibility is further enhanced by tarmac driveways leading to the property.<br><br>The existing structure provides various rooms including a kitchen equipped with integrated appliances and multiple living areas; however, it may require modernisation depending on your vision for its future use. The expansive gardens feature mature landscaping and additional options exist to acquire neighbouring land for broader development opportunities. This remarkable property is ideal for an investor or developer looking to capitalize on its unique zoning potential and substantial lot size.

Investment Analysis

(NG15 area)

Above Market Value

This property is priced +38.3% above area average per sq ft

+38.3%
This Property
£350/sq ft
Area Average
£253/sq ft
Avg Rent (weekly)
£214
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£775,427
10% above area average per sq ft
Potential ROI
-29.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
62%
Properties sold annually

Local Market Trend (NG15)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -2.4%
5 year growth: +14.5%
Investment Disclaimer: Analysis based on NG15 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

Kighill Lane, Ravenshead, Nottingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,516
Based on a loan of £731,250 over 30 years at 4.06% 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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