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Cromford Avenue, Mansfield

East Midlands

£225,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This appealing bungalow, located on a desirable street in Mansfield, offers an excellent foundation for those eager to undertake a renovation project. The single-storey layout presents a flexible living space with the opportunity to customize and enhance. Conveniently situated near local amenities, schools, and parks, this property is perfect for families or investors looking to add value through personal touch and updates. Inside, the residence features a bright living room that invites relaxation and could easily become a focal point of the home with some updates. The kitchen, equipped with ample worktop space and integrated appliances, is ready for modernisation to meet contemporary needs. The bungalow comprises three generously sized bedrooms, each offering the chance to create comfortable retreats tailored to individual taste. The existing shower room is functional but represents a blank slate for future improvements. Outside, the property boasts a secure front driveway alongside a well-maintained rear garden featuring both lawn and patio areas—ideal for outdoor enjoyment or further landscaping potential. With its solid structure and prime location, this bungalow stands as an excellent investment opportunity for those looking to transform it into their dream home.

Investment Analysis

(NG18 area)
Area Average
£209/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NG18)

Area prices are falling by +2.1% over the last 12 months
3 year growth: -6.5%
5 year growth: 11.5%
Investment Disclaimer: Analysis based on NG18 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

Cromford Avenue, Mansfield
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£824
Based on a loan of £168,750 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