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Blacksmith Lane, Welby, NG32

East Midlands

£720,000

Listed on 02/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
3066 sqft

Description

This impressive Grade II Listed stone farmhouse, steeped in history and believed to date back to the late 17th Century, presents a unique opportunity for renovation and investment. With approximately 3000 square feet of living space, the property is set on a generous plot of 5.12 acres, encompassing beautifully south-facing gardens and ample paddocks. Previously part of a working farm, The Chestnuts features extensive stone outbuildings totaling 2880 square feet, ideal for conversion into additional living spaces or varied uses such as stables or garaging. A charming listed pigeon cote adds character to the grounds. Although requiring significant improvement, this property can be transformed into a desirable family home with equestrian elements, making it an attractive proposition for those looking to invest in rural living while preserving its historical essence.

Investment Analysis

(NG32 area)

Below Market Value

This property is priced -10.8% below area average per sq ft

-10.8%
Potential saving
This Property
£235/sq ft
Area Average
£263/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£888,174
10% above area average per sq ft
Potential ROI
-8.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
4%
Properties sold annually

Local Market Trend (NG32)

Area prices are rising by +15.4% over the last 12 months
3 year growth: +3.5%
5 year growth: +19.0%
Investment Disclaimer: Analysis based on NG32 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

Blacksmith Lane, Welby, NG32
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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
£2,720
Based on a loan of £540,000 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.

Stamp Duty Calculator

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