NN17 Gander Close, Weldon

East Midlands

£80,000

Listed on 23/04/2026

Property Details

Bedrooms

Type

Flat

Area

431 sqft

Description

Located in the village of Weldon, this one-bedroom first floor apartment presents a distinct renovation opportunity for cash buyers. With approximately 63 years remaining on the lease, this property is suited for those who are prepared to navigate leasehold issues and undertake improvement works. The layout features a lounge, a separate kitchen, a double bedroom, and a bathroom, all of which are in need of modernisation. This straightforward arrangement allows for effective reconfiguration to meet contemporary preferences. Ideal for investors looking to enhance value or individuals seeking a manageable project that could serve as a rental investment or low-maintenance home post-renovation.

Investment Analysis

(NN17 area)

Below Market Value

This property is priced -31.3% below area average per sq ft

-31.3%

Potential saving

This Property

£186/sq ft

Area Average

£270/sq ft

Avg Rent (weekly)

£260

Avg Yield

4.7%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£10,000 - £20,000

Target Value

£128,078

10% above area average per sq ft

Potential ROI

+28.1%

After renovation

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

10%

Properties sold annually

Local Market Trend (NN17)

Area prices are falling by -6.4% over the last 12 months

3 year growth: -2.5%

5 year growth: +6.6%

Investment Disclaimer: Analysis based on NN17 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

NN17 Gander Close, Weldon

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments

£283

Based on a loan of £60,000 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.