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Petersmith Drive, New Ollerton, Newark - Image 1
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Petersmith Drive, New Ollerton, Newark

East Midlands

£140,000
Listed on 27/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This three-bedroom semi-detached house in the established area of Ollerton presents an excellent opportunity for those looking to invest in a property with significant renovation potential. Nestled in a community with similar homes and close to local amenities, this residence is poised for transformation into a modern family haven. As you enter, a spacious hallway greets you, leading into a light-filled living room that offers ample space to refresh and modernise according to your vision. The kitchen diner at the rear of the home boasts generous dimensions, ideal for reimagining as a contemporary family gathering space. Additionally, there is a useful store room that could serve various purposes, allowing for future adaptations based on personal requirements. The layout accommodates an open-plan style that would enhance the ground floor’s functionality for today's lifestyle. Upstairs, you'll find three well-proportioned bedrooms which offer flexibility; they can be adapted for family use, guest accommodation, or converted into home office spaces. The bathroom features basic amenities alongside a separate WC, both areas offering opportunities for upgrades. Externally, the property benefits from front and rear gardens that can be landscaped and personalised to create outdoor living spaces tailored to your taste. This is a promising project for first-time buyers or investors aiming to inject their own style into a popular residential setting. Early viewing is recommended to fully appreciate the scope of potential available here.

Investment Analysis

(NG22 area)
Area Average
£234/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.0%

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
31
Average per month
Market Turnover
44%
Properties sold annually

Local Market Trend (NG22)

Area prices are rising by +5.6% over the last 12 months
3 year growth: +6.3%
5 year growth: +27.2%
Investment Disclaimer: Analysis based on NG22 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

Petersmith Drive, New Ollerton, Newark
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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
£505
Based on a loan of £105,000 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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