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The Banks, Bingham

East Midlands

£500,000
Listed on 09/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
1452 sqft

Description

This unique detached cottage presents a promising investment opportunity for buyers with vision. Nestled on a generous 0.23-acre plot within a conservation area, the property benefits from planning permission to expand its living space significantly. The approved plans envision an open plan living/dining kitchen alongside an additional reception room and an impressive master suite on the first floor. Currently, the cottage has three well-proportioned bedrooms and three reception spaces, each featuring dual aspects that allow natural light to highlight the well-tended gardens surrounding the home. While the property retains charming character features, it is primed for modernization, making it an appealing prospect for those seeking to imprint their personal style. With ample outdoor space conducive to gardening and family activities, this home is located conveniently close to Bingham's amenities including shops, schools, and transport links. The absence of an upward chain facilitates a straightforward acquisition process. Investors or homeowners willing to undertake renovations will appreciate this property's potential to transform into a stunning family residence in a desirable location. Early viewing is advised to fully comprehend both the existing layout and the future possibilities this property holds.

Investment Analysis

(NG13 area)

Above Market Value

This property is priced +16.3% above area average per sq ft

+16.3%
This Property
£344/sq ft
Area Average
£296/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£472,771
10% above area average per sq ft
Potential ROI
-18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG13)

Area prices are falling by -2.9% over the last 12 months
3 year growth: -9.6%
5 year growth: +1.3%
Investment Disclaimer: Analysis based on NG13 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

The Banks, Bingham
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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
£1,771
Based on a loan of £375,000 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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