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Walesby Lane, New Ollerton, Newark, NG22 9UX

East Midlands

£120,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached three-bedroom home presents a great opportunity for both investors and first-time buyers interested in a renovation project. Situated in a sought-after area of the East Midlands, the property is conveniently located near local amenities, schools, and public transport links. The ground floor features an entrance hall leading to a living room and kitchen, as well as a useful W/C. The kitchen is equipped with fitted cabinets and provides access to the rear garden, which is ideal for those looking to enhance outdoor living space. Upstairs, there are three bedrooms alongside a wet room. Externally, the front lawn adds curb appeal while the private rear garden, enclosed with fence panels, offers potential for landscaping or extending outdoor functionality. With no upward chain, this property invites creative renovation ideas to unlock its full value.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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

Walesby Lane, New Ollerton, Newark, NG22 9UX
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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
£440
Based on a loan of £90,000 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