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Recreation Road, New Houghton, Mansfield, Derbyshire, NG19 - Image 1
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Recreation Road, New Houghton, Mansfield, Derbyshire, NG19

East Midlands

£60,000
Listed on 29/04/2026

Property Details

Bedrooms
2
Type
Maisonette

Description

This first-floor maisonette offers a solid opportunity for buyers looking to inject their personal touch or for investors seeking to enhance their portfolio. The property features an entrance hall that leads to a spacious lounge, two double bedrooms, a functional kitchen, and a shower room. While the interior is in need of renovation, it provides a blank canvas to create a modern living space tailored to contemporary tastes. Additionally, there is the convenience of a rear garage and the benefit of no onward chain. Located on the outskirts of New Houghton near Mansfield, residents will appreciate the good transport links via the A617 and M1, as well as local amenities and schools, making it an attractive area for future tenants or homebuyers. This property is ideal for those willing to put in some work to unlock its full potential.

Investment Analysis

(NG19 area)
Area Average
£208/sq ft
Avg Rent (weekly)
£195
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
53
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG19)

Area prices are stable by -1.5% over the last 12 months
3 year growth: +6.5%
5 year growth: +18.4%
Investment Disclaimer: Analysis based on NG19 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

Recreation Road, New Houghton, Mansfield, Derbyshire, NG19
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£214
Based on a loan of £45,000 over 30 years at 3.97% 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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