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South Avenue, Rainworth, MANSFIELD

East Midlands

£70,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Semi Detached

Description

This freehold semi-detached house, spanning two floors, presents a significant opportunity for renovation and investment. Set within a well-connected area of East Midlands, the property is conveniently located on South Avenue near local transport links, including Mansfield mainline rail station and various bus services. The surrounding amenities include essential shopping at Rainworth village centre and recreational activities at Sherwood Forest and local parks. The house consists of three bedrooms, a bathroom, and additional WC facilities on the first floor. The ground floor features a through reception room, another reception area, a kitchen, and a wet room/WC. Outside, there is a front garden with shared side access leading to off-street parking and a rear garden. This property requires modernisation throughout but offers ample space for creating a comfortable family home or rental investment. With full vacant possession available for immediate completion in six weeks, this renovation project is ideal for those looking to add value in a growing area.

Investment Analysis

(NG21 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£214
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG21)

Area prices are falling by -8.9% over the last 12 months
3 year growth: -3.3%
5 year growth: +13.6%
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

South Avenue, Rainworth, MANSFIELD
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 over 30 years at 4.45% 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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