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Chapel Lane, Farnsfield, Newark

East Midlands

£450,000
Listed on 28/11/2025

Property Details

Bedrooms
7
Type
Detached house
Area
3261 sqft

Description

Nestled in a serene location off Chapel Lane, this expansive detached period residence comprises 7 bedrooms and 7 reception rooms, providing a remarkable canvas for renovation. Originally built as three separate cottages, the property has been unified into a grand home, boasting significant potential for modernization and customization. A south-facing landscaped garden enhances the approach to the house, along with various outbuildings and a versatile brick-built studio that could serve as an office or recreational space. While the property is in need of refurbishment, this presents an excellent opportunity for those looking to invest in a substantial character home in a desirable village setting. The absence of a chain facilitates a smoother transition for prospective buyers ready to act swiftly.

Investment Analysis

(NG22 area)

Below Market Value

This property is priced -40.5% below area average per sq ft

-40.5%
Potential saving
This Property
£138/sq ft
Area Average
£232/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£831,310
10% above area average per sq ft
Potential ROI
+38.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Chapel Lane, Farnsfield, Newark
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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
£1,648
Based on a loan of £337,500 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