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Mansfield Rd, Underwood

East Midlands

£175,000
Listed on 15/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
797 sqft

Description

This two-bedroom semi-detached home presents a compelling opportunity for those looking to invest in a property with considerable renovation potential. The residence features spacious living areas and offers a blank canvas for modernization, making it particularly attractive for first-time buyers or investors eager to add value. On the ground floor, you'll find a living room complemented by a traditional feature fireplace, alongside a kitchen that includes space for dining and a large walk-in pantry for added storage. A convenient downstairs WC and a rear porch providing extra storage and garden access complete the lower level. Upstairs are two well-sized bedrooms and a family bathroom, which offer ample room for personal customization. The property boasts an expansive driveway, ensuring plentiful off-road parking—a valuable asset in any residential setting. Located in a desirable neighborhood of East Midlands with excellent transport links, this home is perfect for commuters looking to make their mark on a property while benefiting from its strategic location.

Investment Analysis

(NG16 area)

Below Market Value

This property is priced -7.3% below area average per sq ft

-7.3%
Potential saving
This Property
£220/sq ft
Area Average
£237/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£207,646
10% above area average per sq ft
Potential ROI
+3.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
56%
Properties sold annually

Local Market Trend (NG16)

Area prices are stable by +1.1% over the last 12 months
3 year growth: +4.6%
5 year growth: +25.2%
Investment Disclaimer: Analysis based on NG16 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

Mansfield Rd, Underwood
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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
£631
Based on a loan of £131,250 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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