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Parfitt Drive, Newark, NG22

East Midlands

£415,000
Listed on 20/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached home is located in the quaint village of Farnsfield, known for its community atmosphere and local amenities. The property offers a generous layout, making it an ideal canvas for renovation and investment. The ground floor features two spacious reception rooms, providing ample space for living and entertaining. A convenient downstairs W/C is included, alongside a compact kitchen that overlooks the sizable rear garden. This outdoor space not only offers potential for landscaping but also presents options for future extensions subject to planning approval. Upstairs, there are three well-sized bedrooms, including a master suite with fitted wardrobes and an en-suite bathroom. A family bathroom serves the other two bedrooms, creating a practical arrangement for families or guests. Outside, the property includes a double driveway that accommodates multiple vehicles, alongside the large rear garden—an attractive option for families or those who appreciate outdoor gatherings. Farnsfield boasts a range of amenities within walking distance, such as shops, cafes, pubs, and reputable schools. Convenient transport links facilitate easy access to nearby towns like Southwell and Newark. Additionally, major road networks are easily reachable for commuting further afield. With its no chain status and immediate occupancy potential, this property not only serves as a comfortable family home but also represents an excellent opportunity for those looking to enhance value through renovations in one of Nottinghamshire’s appealing villages.

Investment Analysis

(NG22 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG22)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.7%
Investment Disclaimer: Analysis based on NG22 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

Parfitt Drive, Newark, NG22
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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
£1,520
Based on a loan of £311,250 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