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Oakwood Drive, Ravenshead, NG15

East Midlands

£375,000
Listed on 01/05/2026

Property Details

Bedrooms
4
Type
Bungalow

Description

This four-bedroom detached dormer bungalow offers a unique opportunity for buyers looking to invest in a property with significant potential for renovation. Nestled in a sought-after residential area, the home features spacious interiors that can easily be modernised to reflect personal taste and style. The entrance leads to a sizeable living room, providing a welcoming space for both relaxation and gatherings, along with an adjoining kitchen equipped with ample storage and worktop area. A conservatory extends from the kitchen, creating an enjoyable spot to appreciate views of the well-maintained garden. On the ground floor, two versatile bedrooms cater to various needs such as guest accommodation or home office space, paired with a contemporary bathroom suite. The upstairs hosts two additional light-filled bedrooms complemented by built-in storage and another bathroom for convenience. While the property is adorned with neutral décor and quality flooring, there remains room for enhancements that will maximise its value. Outside, the enclosed rear garden serves as a delightful retreat featuring patio areas suitable for outdoor dining and play space for children or pets. The vast potential of this bungalow makes it an attractive investment for those willing to undertake renovations to truly make it their own.

Investment Analysis

(NG15 area)
Area Average
£256/sq ft
Avg Rent (weekly)
£218
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
51
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG15)

Area prices are stable by -1.5% over the last 12 months
3 year growth: -4.4%
5 year growth: +10.8%
Investment Disclaimer: Analysis based on NG15 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

Oakwood Drive, Ravenshead, NG15
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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
£1,338
Based on a loan of £281,250 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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