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Cromwell Farm Close, Cromwell

East Midlands

£395,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Barn Conversion
Area
1950 sqft

Description

Wayside Barn is a distinctive three-bedroom barn conversion originally completed around 2001. While it has retained much of its original charm and character, the property is in need of updates, particularly with its central heating system, as the existing oil-fired boiler is non-functional and will require replacement. The living space spans roughly 1950 sq ft and includes an inviting entrance hall, a convenient WC, and a spacious living/dining kitchen equipped with modern Shaker-style units and built-in appliances. The expansive 32-foot lounge/dining area features vaulted ceilings and exposed trusses, providing an inviting atmosphere for family gatherings or relaxation. There are also versatile spaces such as a family room/study that can cater to various needs. The master bedroom includes an en-suite shower room, while two additional bedrooms share a family bathroom, making this property well-suited for families or couples looking to invest in a home with potential in a desirable village setting. Externally, the property offers ample off-road parking with a block-paved driveway leading to both a brick-built double carport and single garage. The enclosed gardens are well-established with trees and shrubs that ensure privacy—a perfect backdrop for outdoor entertaining. Potential buyers may appreciate the chance to enhance the property's appeal further with some landscaping or interior updates. Located in Cromwell, the barn enjoys access to local amenities including primary schools, shops, and excellent transport links to nearby Newark and beyond. With direct train services available from Newark Northgate station to London King's Cross in about 75 minutes, this property represents not just a home but an investment opportunity within a tranquil village environment.

Investment Analysis

(NG23 area)

Below Market Value

This property is priced -23.5% below area average per sq ft

-23.5%
Potential saving
This Property
£203/sq ft
Area Average
£265/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£568,318
10% above area average per sq ft
Potential ROI
+27.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (NG23)

Area prices are stable by -1.7% over the last 12 months
3 year growth: -8.1%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on NG23 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

Cromwell Farm Close, Cromwell
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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
£1,399
Based on a loan of £296,250 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.

Stamp Duty Calculator

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