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Ridgeway, Langwith Junction, Mansfield

East Midlands

£120,000
Listed on 18/10/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
929 sqft

Description

This two-bedroom semi-detached home presents a promising opportunity for those interested in renovation and investment. While the property requires comprehensive refurbishment, it offers a blank canvas for buyers to infuse their personal style and transform it into a contemporary living space. Located in a highly sought-after area, this home is conveniently positioned near local shops, schools, and essential amenities. Excellent transport links further enhance its appeal, making it an attractive option for first-time buyers or investors looking for a project with potential rental income. The layout features an entrance hall that leads to a spacious lounge, along with a kitchen/diner that provides ample room for family gatherings. Two generously sized bedrooms offer good natural light, while the additional attic room could be utilized creatively—either as extra storage or a unique living area. A family bathroom completes the interior space. Outside, the property includes a driveway and front garden, while the sizable rear garden offers significant landscaping possibilities or even expansion opportunities, subject to planning permissions. With no upward chain involved, this home represents an excellent chance to acquire property in a desirable location with substantial investment potential.

Investment Analysis

(NG20 area)

Below Market Value

This property is priced -30.6% below area average per sq ft

-30.6%
Potential saving
This Property
£129/sq ft
Area Average
£186/sq ft
Avg Rent (weekly)
£193
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£190,124
10% above area average per sq ft
Potential ROI
+5.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +4.3% over the last 12 months
3 year growth: 4.3%
5 year growth: 25.3%
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

Ridgeway, Langwith Junction, 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
£440
Based on a loan of £90,000 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