Worst House on the Street Logo
Racecourse Road, Mansfield, NG18 - Image 1
Racecourse Road, Mansfield, NG18 - Image 2
Racecourse Road, Mansfield, NG18 - Image 3
Racecourse Road, Mansfield, NG18 - Image 4
Racecourse Road, Mansfield, NG18 - Image 5
Racecourse Road, Mansfield, NG18 - Image 6
Racecourse Road, Mansfield, NG18 - Image 7
Racecourse Road, Mansfield, NG18 - Image 8
Racecourse Road, Mansfield, NG18 - Image 9
Racecourse Road, Mansfield, NG18 - Image 10
Racecourse Road, Mansfield, NG18 - Image 11

Racecourse Road, Mansfield, NG18

East Midlands

£350,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2885 sqft

Description

This four-bedroom detached residence presents a valuable opportunity for renovation and future investment in a sought-after area of the East Midlands. With its spacious layout and well-considered design, the property is ideal for families seeking both comfort and functionality. The entrance leads into a bright hallway that introduces the property's aesthetic appeal. To one side, you'll find an office space suitable for remote work, while the opposite side hosts a dining room featuring a bay window that could be transformed into various living or play areas. The lounge provides an adaptable environment that can accommodate leisure activities as well as children's play, with direct access to the rear garden through French doors, enhancing indoor-outdoor living. The open-plan kitchen is equipped with integrated appliances, a breakfast bar, and ample seating space, making it an inviting hub for family gatherings. Adjacent to the kitchen are practical features such as a utility room, a downstairs WC, and access to additional storage in the cellar. A second entry point to the garden from this area further enhances convenience. Outside, the thoughtfully designed tiered garden offers multiple levels for outdoor enjoyment. The upper section includes safety glass balustrading, while the middle tier has space for BBQs and social gatherings. The lower level features lawn space alongside an outdoor structure currently used as a gym/bar but holds potential for alternative uses like an office or studio. The upper floor comprises four nicely proportioned bedrooms, three of which are generous doubles; all are neutrally decorated. The master suite comes with an en-suite bathroom featuring a modern walk-in shower. The main family bathroom has recently undergone stylish renovations. A partially boarded loft presents exciting possibilities for expansion (subject to planning permission), allowing for additional rooms that could increase overall value significantly. This property stands out as not only move-in ready but also rich in potential for future enhancements.

Investment Analysis

(NG18 area)

Below Market Value

This property is priced -42.3% below area average per sq ft

-42.3%
Potential saving
This Property
£121/sq ft
Area Average
£210/sq ft
Avg Rent (weekly)
£187
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£667,070
10% above area average per sq ft
Potential ROI
+71.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
50%
Properties sold annually

Local Market Trend (NG18)

Area prices are falling by +2.9% over the last 12 months
3 year growth: -7.0%
5 year growth: 8.5%
Investment Disclaimer: Analysis based on NG18 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

Racecourse Road, Mansfield, NG18
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE