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Grassthorpe, Newark

East Midlands

£695,000

Listed on 09/06/2026

Property Details

Bedrooms
4
Type
Detached

Description

This unique detached home, formerly a watermill, is set on approximately 3 acres of picturesque gardens and paddock land, presenting an excellent opportunity for investors or those looking to undertake renovations. By the serene Grassthorpe Beck and mill race, the property boasts delightful countryside views and a tranquil atmosphere. Recent refurbishments from 2025 to 2026 have transformed significant parts of the house, including a stylish Shaker-style kitchen equipped with modern appliances and an upgraded cloakroom featuring contemporary fixtures. While many areas have been tastefully updated, there remain opportunities for further improvements to maximise the property's potential.

The accommodation is spread over two levels with ample space including a grand reception hall, an expansive drawing room with access to outdoor decking, and versatile outbuildings that offer potential for additional living space or workspace (subject to planning consent). The first floor features four generously-sized bedrooms, one with an en-suite bathroom and dressing room, providing comfortable living options.

Outdoors includes a range of useful outbuildings including a substantial brick barn that could be developed further. With public footpaths running through the grounds and good local amenities nearby, this secluded residence holds great promise for those seeking country living with investment prospects.

Investment Analysis

(NG23 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£259
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NG23)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -8.5%
5 year growth: +9.5%
Investment Disclaimer: Analysis based on NG23 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

Grassthorpe, Newark
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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
£2,626
Based on a loan of £521,250 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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