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Prospect Drive, Shirebrook, Mansfield

East Midlands

£108,000Guide Price

Listed on 03/07/2026

Property details

Bedrooms
2
Type
End Of Terrace
Area
867 sqft

Description

This property on Prospect Drive, Shirebrook represents a compelling renovation project, perfectly suited for investors aiming to enhance its value. The property offers a recently modernized shower room and features such as two bedrooms plus a versatile dressing room. Access via the kitchen leads to a lounge that opens into a spacious conservatory, providing ample natural light and direct access to the generous rear garden, which is primarily lawned with some hardstanding areas. With a blend of living spaces and expansion opportunities, this home requires modernization throughout, making it an excellent candidate for refurbishment. The front yard includes both lawned and concrete spaces, providing further potential for enhancement. This offering comes with no upward chain, simplifying the acquisition process for prospective buyers looking to capitalize on its investment potential.

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Investment analysis

(NG20 area)

Below Market Value

This property is priced -35.1% below area average per sq ft

-35.1%
Potential saving
This Property
£125/sq ft
Area Average
£192/sq ft
Avg Rent (weekly)
£186
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£183,158
10% above area average per sq ft
Potential ROI
+28.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by -3.4% over the last 12 months
3 year growth: +5.5%
5 year growth: +19.9%
Investment Disclaimer: Analysis based on NG20 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

Prospect Drive, Shirebrook, 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
£408
Based on a loan of £81,000 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

Next Steps

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