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Somersall Street, Mansfield

East Midlands

£100,000
Listed on 18/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
862 sqft

Description

This three-bedroom semi-detached house in Mansfield presents a compelling opportunity for those looking to invest or renovate. The property is ripe for modernization, offering a blank canvas for buyers interested in enhancing its appeal and functionality. The ground floor features a spacious living room, illuminated by a bay window that invites ample natural light, creating an inviting atmosphere. Adjacent to the living area is the kitchen, conveniently positioned at the rear of the home. This space includes access to two outdoor storage sheds through a side entrance, providing practical solutions for storing tools or recreational equipment. Moving upstairs, the first floor comprises three bedrooms of varying sizes, each presenting their own unique potential. The family bathroom includes essential fixtures and could be updated to better suit contemporary tastes. The existing layout allows for flexibility, enabling reconfiguration that aligns with modern living preferences. Outside, the property boasts a front garden enclosed by a wall, ensuring privacy from passersby. The generously sized rear garden predominantly features lawn space, complemented by a patio that holds promise for relaxing afternoons or gatherings—though it would benefit from some attention to fully realize its charm. This property is particularly appealing to first-time buyers and investors looking for a project in a desirable residential neighborhood. With scope for improvement and personalization throughout, this home represents a solid investment opportunity in Mansfield's evolving market.

Investment Analysis

(NG19 area)

Below Market Value

This property is priced -42.6% below area average per sq ft

-42.6%
Potential saving
This Property
£116/sq ft
Area Average
£202/sq ft
Avg Rent (weekly)
£200
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£191,773
10% above area average per sq ft
Potential ROI
+47.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG19)

Area prices are rising by +5.4% over the last 12 months
3 year growth: 12.2%
5 year growth: 26.4%
Investment Disclaimer: Analysis based on NG19 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.

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Location

Somersall Street, Mansfield
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