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Bancroft Lane, Mansfield, Nottinghamshire, NG18

East Midlands

£160,000
Listed on 25/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1368 sqft

Description

This three-bedroom semi-detached house, previously owned by local authorities, is nestled on a desirable corner plot in Mansfield, Nottinghamshire. The property includes a spacious detached double garage and off-street parking, presenting an appealing opportunity for renovation. Inside, the ground floor features an entrance hallway leading to two reception rooms, a kitchen diner, and a convenient WC. The first floor comprises three bedrooms along with a family bathroom. Although the home currently requires some modern updates to fully realize its potential, it boasts good structural integrity and ample living space for families or investors looking to enhance value through refurbishment. Mansfield is known for its rich market heritage and vibrant community atmosphere, providing easy access to both urban amenities and picturesque countryside. With excellent transport links via major roads and railway services, this property presents not only a comfortable living space but also an investment opportunity in a thriving area.

Investment Analysis

(NG18 area)

Below Market Value

This property is priced -44.1% below area average per sq ft

-44.1%
Potential saving
This Property
£117/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,804
10% above area average per sq ft
Potential ROI
+57.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Bancroft Lane, Mansfield, Nottinghamshire, NG18
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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
£586
Based on a loan of £120,000 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