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Mansfield Road, Clipstone Village, Mansfield - Image 1
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Mansfield Road, Clipstone Village, Mansfield

East Midlands

£245,000
Listed on 05/09/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This traditional three-bedroom home presents a noteworthy opportunity for renovation and investment. Positioned in a desirable area, the property features a blend of character and potential, making it an appealing prospect for those looking to add value through upgrades. Upon entering, you are greeted by a welcoming entrance hall that leads to a variety of living spaces. The living room is marked by its wooden flooring and charming bay window, creating a cozy atmosphere complemented by a feature fireplace. The dining room offers similar warmth with its carpeted floors and dual aspect windows that fill the space with natural light. It also provides access to the conservatory, which can serve as an inviting extension of your living area or be reimagined into a vibrant garden room. The kitchen, while functional with integrated appliances and ample worktop space, holds considerable potential for modernizing or expanding. A side door allows straightforward access to the rear garden, which features a well-maintained lawn surrounded by mature shrubbery and trees for added privacy—an ideal setting for outdoor renovations or landscaping projects. On the upper floor, you will find three bedrooms, each equipped with central heating and windows that offer pleasant views of the surrounding greenery. The main bedroom overlooks the rear garden, while the second boasts a bay window that enhances its spacious feel. The third bedroom can easily adapt to various uses, including a home office or guest space. The bathroom contains a four-piece suite with potential for updates to reflect contemporary styles. Outside, the property benefits from ample off-road parking on the driveway and has attractive curb appeal enhanced by decorative shrubs and mature trees. An additional land parcel adjacent to the property was previously leased by former owners from the coal authority—its availability presents further avenues for creative use or improvement. With an outside WC adding convenience and a garage providing valuable storage options, this property is primed for those interested in capitalizing on its renovation potential while enjoying the advantages of its location.

Investment Analysis

(NG21 area)
Area Average
£216/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NG21)

Area prices are falling by +3.2% over the last 12 months
3 year growth: 3.3%
5 year growth: 24.5%
Investment Disclaimer: Analysis based on NG21 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

Mansfield Road, Clipstone Village, 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
£897
Based on a loan of £183,750 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