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Spring Lane, Farnsfield

East Midlands

£350,000
Listed on 16/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1091 sqft

Description

This spacious detached chalet bungalow is nestled in a tranquil residential neighborhood, conveniently located near the various amenities of Farnsfield village. The property features an inviting entrance hall leading to a lounge/dining area with ample natural light and access to a private rear garden. Additionally, there is a versatile room that can serve as either an office or bedroom, along with an open-plan kitchen/breakfast area. The first floor accommodates two well-sized bedrooms and a family bathroom. Outside, you will find low-maintenance gardens and a single garage offering parking solutions. While the home is currently functional, there are numerous opportunities for modernization and extension (subject to planning approval) that could significantly enhance its value in this appealing location. The surrounding community provides excellent local facilities, including shops, schools, and recreational activities, making it an attractive prospect for both families and investors.

Investment Analysis

(NG22 area)

Above Market Value

This property is priced +34.5% above area average per sq ft

+34.5%
This Property
£321/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£286,344
10% above area average per sq ft
Potential ROI
-25.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG22)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
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

Spring Lane, Farnsfield
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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
£1,240
Based on a loan of £262,500 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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