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Victory Drive, Forest Town, Mansfield - Image 1
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Victory Drive, Forest Town, Mansfield

East Midlands

£170,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1057 sqft

Description

This spacious dormer bungalow offers a blank canvas for those keen to invest in a renovation project. With its flexible layout, the property features a bright lounge complete with a bay window, alongside a generously sized kitchen-diner that overlooks the rear garden and connects to a practical rear porch. The accommodation includes three well-proportioned bedrooms—two on the ground floor, one of which is currently being utilized as a dining space—and an additional bedroom on the first floor, allowing for various living arrangements.<br><br>Externally, there are gardens both at the front and back, off-road parking via a driveway, and an attached garage that has been repurposed for storage. While the property requires updating throughout, it sits in a highly desirable residential area known for its accessibility to local amenities and transport links. Offered with no onward chain, this residence represents an appealing opportunity for buyers seeking to imprint their personal style while enhancing its overall value.

Investment Analysis

(NG19 area)

Below Market Value

This property is priced -20.1% below area average per sq ft

-20.1%
Potential saving
This Property
£161/sq ft
Area Average
£201/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£233,935
10% above area average per sq ft
Potential ROI
+11.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (NG19)

Area prices are rising by +4.1% over the last 12 months
3 year growth: 9.2%
5 year growth: 24.5%
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.

Location

Victory Drive, Forest Town, Mansfield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£613
Based on a loan of £127,500 over 30 years at 4.06% 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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