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Chestnut Drive, Mansfield

East Midlands

£400,000
Listed on 31/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1715 sqft

Description

This three-bedroom detached house, set on a generous plot of approximately 0.19 acres, presents an exciting opportunity for those looking to invest in a property ripe for transformation in the sought-after Berry Hill area of Mansfield. While the home requires complete refurbishment and modernisation, it offers significant potential for extension, alteration, or even redevelopment, subject to planning permissions. This could be the perfect canvas for buyers wishing to personalise their living space. The layout includes an entrance porch and hall that leads into a spacious L-shaped lounge with sliding doors opening onto a south-facing rear garden. There's also a separate dining room that has previously functioned as a garage, alongside a kitchen/breakfast room equipped with essential appliances. The first floor features three well-sized double bedrooms and a family bathroom. Outside, the property benefits from off-road parking, established gardens featuring mature plants and trees, and privacy from neighbours at the rear. This combination of internal space and outdoor areas enhances the potential for creating an expansive family home in this desirable location.

Investment Analysis

(NG18 area)

Above Market Value

This property is priced +11.4% above area average per sq ft

+11.4%
This Property
£233/sq ft
Area Average
£209/sq ft
Avg Rent (weekly)
£184
Avg Yield
3.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£45,000 - £70,000
Target Value
£394,939
10% above area average per sq ft
Potential ROI
-16.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
61%
Properties sold annually

Local Market Trend (NG18)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -6.6%
5 year growth: 6.6%
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

Chestnut Drive, Mansfield
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,443
Based on a loan of £300,000 over 30 years at 4.06% 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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