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Second Avenue, Rainworth, Mansfield, Nottinghamshire, NG21 - Image 1
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Second Avenue, Rainworth, Mansfield, Nottinghamshire, NG21

East Midlands

£135,000
Listed on 27/03/2026

Property Details

Bedrooms
3
Type
Terraced
Area
970 sqft

Description

This three-bedroom residence presents a promising opportunity for buyers with an eye for enhancement. While the home currently offers comfortable living with its two reception areas and functionality, there is significant potential to further develop the space, including the possibility of creating a driveway pending relevant planning permissions. The ground floor features a dining room that invites family gatherings, along with a utility room providing convenient access to the rear garden. The well-equipped kitchen flows into a sizeable modern living room, which sets an inviting tone for both relaxation and entertaining. On the upper level, you will find three generous bedrooms accompanied by a contemporary family bathroom, highlighted by an attractive freestanding bath. Outdoors, the enclosed garden boasts a charming patio area suited for al fresco dining and includes an outbuilding currently utilized for storage, offering more potential uses. This property stands out as an excellent choice for those looking to invest in their first home while also considering future improvements.

Investment Analysis

(NG21 area)

Below Market Value

This property is priced -37.2% below area average per sq ft

-37.2%
Potential saving
This Property
£139/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£236,554
10% above area average per sq ft
Potential ROI
+47.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG21)

Area prices are falling by -9.7% over the last 12 months
3 year growth: -4.2%
5 year growth: +16.2%
Investment Disclaimer: Analysis based on NG21 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

Second Avenue, Rainworth, Mansfield, Nottinghamshire, NG21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£478
Based on a loan of £101,250 over 30 years at 3.91% 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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