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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 appealing area of Colonade, Shirebrook, this property presents a distinctive opportunity for renovation and investment. The house features an interesting layout with a welcoming reception room ideal for both relaxation and entertaining. It comprises three comfortable bedrooms, providing ample family accommodation. Notably, the ground floor includes a versatile shop space which could serve various purposes — from business ventures to additional storage options. Natural light floods the home through double glazed windows, enhancing its airy feel. A side driveway leads to the rear garden along with two garages, making parking and storage convenient. The presence of an old workshop at the back further enriches the property's potential for creative development. Situated in a tranquil setting yet easily accessible to local amenities and transport links, this house offers extensive possibilities for those looking to make their mark. Whether you're looking to modernize the interiors or explore commercial opportunities with the shop front, this property is a canvas waiting for your vision.

Investment Analysis

(NG20 area)

Below Market Value

This property is priced -28.1% below area average per sq ft

-28.1%
Potential saving
This Property
£136/sq ft
Area Average
£190/sq ft
Avg Rent (weekly)
£190
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£458,151
10% above area average per sq ft
Potential ROI
+27.4%
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
31%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +5.7% over the last 12 months
3 year growth: 3.0%
5 year growth: 22.6%
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