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Main Street, Balderton, Newark, NG24

East Midlands

£575,000
Listed on 31/12/2025

Property Details

Bedrooms
8
Type
Detached house
Area
4162 sqft

Description

This impressive late-Georgian townhouse, dating back to around 1775 with subsequent Victorian and 1920s modifications, provides a unique opportunity for customization. Currently presented as a blank slate, it showcases numerous original features including exposed staircases, period fireplaces, and distinctive stained glass—elements that can play into your vision for restoration or development. With eight generously sized double bedrooms, the property is ripe for either renovation into a spacious family home or conversion into multiple rental units, subject to appropriate permissions. The ground floor welcomes you with an elegant entrance hall leading to various reception areas including a lounge with a log burner and an expansive dining room. A kitchen fitted with modern amenities opens to a comfortable garden area. The layout is flexible enough to support the creation of self-contained living spaces or larger apartments; prior planning consent for residential change has lapsed but could be revisited. Upstairs, the property includes six bedrooms on the first floor—five featuring original fireplaces—alongside ample bathrooms. The second floor hosts two additional double bedrooms offering stunning views. Outside, you’ll find mature gardens across one-third of an acre, complete with terraced patios and a summerhouse. This property is ideal for buyers desiring to inject their personal style into a historic residence or investors looking at HMO conversion possibilities or multi-flat developments.* *Subject to necessary consents.

Investment Analysis

(NG24 area)

Below Market Value

This property is priced -39.8% below area average per sq ft

-39.8%
Potential saving
This Property
£138/sq ft
Area Average
£230/sq ft
Avg Rent (weekly)
£185
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,051,384
10% above area average per sq ft
Potential ROI
+51.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
60
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG24)

Area prices are rising by +2.9% over the last 12 months
3 year growth: 1.9%
5 year growth: 20.9%
Investment Disclaimer: Analysis based on NG24 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

Main Street, Balderton, Newark, NG24
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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
£2,106
Based on a loan of £431,250 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