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Park Road, Shirebrook, NG20

East Midlands

£325,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1517 sqft

Description

This spacious three-bedroom detached bungalow offers a unique investment opportunity with significant renovation potential, all situated on a generous plot of 0.27 acres. Benefiting from no onward chain, this property is well-located for convenient access to the amenities of Shirebrook and major transport links such as the M1 motorway. Internally, the layout includes an entrance porch leading to a hall that opens into a dual-aspect lounge featuring a cosy fireplace. The kitchen diner is modern and equipped with integrated appliances, yet still has room for personal touches or updates to enhance its appeal. A bright conservatory at the rear overlooks a private south-west facing garden, providing an inviting space for relaxation or entertainment. Each of the three bedrooms includes built-in storage solutions, while the bathroom has been fitted with contemporary fixtures but could benefit from updates to further elevate its comfort. Situated behind secure gates with ample driveway parking and multiple garages—one integral and another detached—the property offers flexibility for various uses. The outdoor space is particularly noteworthy, designed for low maintenance yet expansive enough to cater to diverse landscaping ideas or expansions if desired. This bungalow combines potential with privacy and is positioned in an area that supports future value growth. Early viewings are advisable to fully appreciate what this property can offer for those looking to create their ideal home or investment.

Investment Analysis

(NG20 area)

Above Market Value

This property is priced +13.6% above area average per sq ft

+13.6%
This Property
£214/sq ft
Area Average
£189/sq ft
Avg Rent (weekly)
£174
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£314,717
10% above area average per sq ft
Potential ROI
-13.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by -3.9% over the last 12 months
3 year growth: +4.4%
5 year growth: +22.2%
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

Park Road, Shirebrook, NG20
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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
£1,151
Based on a loan of £243,750 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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