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Colonade, Shirebrook, Mansfield

East Midlands

£299,500
Listed on 21/11/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
2195 sqft

Description

Located in the quaint Colonade area of Shirebrook, this property presents a unique opportunity for renovation and investment. Upon entering, you're welcomed into a spacious reception room ideal for gatherings or quiet evenings at home. The residence features three well-proportioned bedrooms, providing an excellent foundation for family living. A functional bathroom caters to daily needs while reflecting the potential for modern updates. A notable aspect of this home is the ground-floor shop space, previously operated as a Post Office, which could be transformed into a new business venture or utilized for additional storage. Natural light fills the interiors through double-glazed windows, enhancing the inviting atmosphere. The property also offers convenient off-street parking via a side driveway leading to a rear garden and two garages, expanding your options for outdoor use and storage solutions. The old workshop situated at the back adds further character and potential for development. With its mix of residential comfort and entrepreneurial possibilities, this property is ideally positioned near local amenities and transport links while maintaining a serene environment. This could be your chance to create your vision in a desirable location with ample room for creativity in renovations.

Investment Analysis

(NG20 area)

Below Market Value

This property is priced -27.0% below area average per sq ft

-27.0%
Potential saving
This Property
£136/sq ft
Area Average
£187/sq ft
Avg Rent (weekly)
£194
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£451,270
10% above area average per sq ft
Potential ROI
+32.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 5.4%
5 year growth: 32.5%
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.

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Location

Colonade, Shirebrook, Mansfield
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