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

East Midlands

£120,000
Listed on 21/04/2026

Property Details

Bedrooms
3
Type
Terraced
Area
1010 sqft

Description

Located in the sought-after village of Rainworth, this three-bedroom terraced home presents an excellent opportunity for those looking to personalize a property. The location is convenient, with access to local shops, bus routes, and reputable schools, while Mansfield Town Centre is just a short drive away. The front of the house features a driveway for off-street parking and a well-maintained garden with iron gates. Upon entry, you're welcomed by a functional porch leading into an L-shaped hall. The ground floor boasts ample living space due to a rear extension that could benefit from modern updates and reconfiguration. You'll find a spacious lounge at the front and a separate dining room that opens into the garden room—a part of the extension—providing additional versatile living space. The kitchen also offers room for enhancement and has space for appliances alongside solid wood units. A convenient downstairs WC adds practicality. Upstairs, there are three bedrooms: two generously sized rooms and a well-proportioned single bedroom. The family bathroom rounds off the first-floor accommodation. At the back is an enclosed garden primarily paved for easy maintenance, complete with fencing and rear access.

Investment Analysis

(NG21 area)

Below Market Value

This property is priced -46.4% below area average per sq ft

-46.4%
Potential saving
This Property
£119/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£206
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£246,309
10% above area average per sq ft
Potential ROI
+58.9%
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
£425
Based on a loan of £90,000 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.

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