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Colonade, Shirebrook, Mansfield

East Midlands

£280,000
Listed on 25/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This terraced house in Shirebrook, Mansfield, offers a unique opportunity for renovation and investment. Situated within a thriving community and conveniently close to local amenities, schools, and transport links, this property is well-positioned for those aiming to capitalize on both residential and commercial potential. The ground floor boasts a flexible commercial space that could serve various business needs—whether as a retail shop, café, or office—making it ideal for entrepreneurs seeking visibility and foot traffic. The upper floors comprise a three-bedroom one-bathroom residential unit featuring a spacious living area and an adaptable dining space. This layout offers plenty of scope for modernisation; the rooms are ready to be transformed into a welcoming family home or rental property. With a private driveway and garage, alongside an outdoor lawn area, this home has the essentials covered while the interiors wait for your vision. Overall, this property stands out as a substantial project for those ready to invest in enhancing its value within a vibrant locale.

Investment Analysis

(NG20 area)
Area Average
£189/sq ft
Avg Rent (weekly)
£186
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by -5.3% over the last 12 months
3 year growth: +2.2%
5 year growth: +21.3%
Investment Disclaimer: Analysis based on NG20 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

Colonade, Shirebrook, Mansfield
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,010
Based on a loan of £210,000 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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