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NN17 Gander Close, Weldon

East Midlands

£80,000
Listed on 23/04/2026

Property Details

Bedrooms
1
Type
Apartment
Area
431 sqft

Description

This first-floor one-bedroom apartment in the tranquil village of Weldon presents an appealing opportunity for buyers interested in a renovation project. The property comes with a short lease of approximately 63 years, making it suitable for cash buyers who are familiar with leasehold properties and the associated improvement processes. Inside, you'll find a straightforward layout featuring a lounge, a separate kitchen, a double bedroom, and a bathroom, as well as practical storage options. While the apartment requires refurbishment to meet modern standards, its manageable size and village location make it ideal for those looking to invest in a rental property or create a low-maintenance home upon completion of work. This could be an excellent investment for individuals willing to enhance its value through thoughtful updates.

Investment Analysis

(NN17 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£186/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£125,779
10% above area average per sq ft
Potential ROI
+19.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NN17)

Area prices are falling by -8.5% over the last 12 months
3 year growth: -4.7%
5 year growth: +3.1%
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

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£285
Based on a loan of £60,000 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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