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Lodge Farm, New Houghton

East Midlands

£900,000

Listed on 12/06/2026

Property Details

Bedrooms
5
Type
Farm House

Description

This property presents a promising opportunity for those seeking an accessible semi-rural home with substantial potential for development or business ventures. Nestled in the village of New Houghton, this stone-built farmhouse boasts spacious accommodations set on approximately 2.18 acres of land, complemented by a variety of agricultural outbuildings that could be repurposed or enhanced (pending planning approval). The farmhouse itself has seen some modernization yet allows room for further cosmetic enhancements tailored to personal preferences. Internally, the ground floor features an entrance hallway leading to a dining kitchen and utility room, alongside a dining area and comfortable sitting room. Upstairs, there are five double bedrooms and existing bathroom facilities that can be finalized to suit. The property benefits from good external condition and has had some key upgrades in terms of heating and kitchen installations. The surrounding area includes ample yard space suitable for vehicles or machinery storage and offers a mix of modern and traditional outbuildings ideal for various uses. Each building presents considerable prospects for conversion into residential units or commercial spaces, making it an attractive proposition for investors. Located conveniently near transport links such as the A617 and M1 junctions makes accessing larger towns like Mansfield and Chesterfield effortless. Additionally, interested buyers have the option of negotiating for an adjoining 2.61 acres of grassland, ideal for grazing or equestrian pursuits. This unique offering combines residential comfort with vast development potential in a desirable locale.

Investment Analysis

(NG19 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG19)

Area prices are falling by -2.1% over the last 12 months
3 year growth: +5.7%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on NG19 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

Lodge Farm, New Houghton
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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
£3,400
Based on a loan of £675,000 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.

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