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Valley Prospect, Newark

East Midlands

£220,000

Listed on 22/07/2026

Property details

Bedrooms
3
Type
Detached Bungalow

Description

This two/three bedroom detached bungalow presents a compelling opportunity for renovation in a desirable residential area. The layout includes a lounge, kitchen, conservatory, dining room or potential third bedroom, and two additional bedrooms along with a shower room. While the property boasts double glazing and gas central heating, it is in need of some updating to unlock its full potential. The exterior features off-road parking for multiple vehicles and a detached garage, complemented by front and rear gardens. With no onward chain, this property may serve as an ideal investment for those looking to create their dream home or enhance its value through renovations. The location also offers easy access to local amenities and transport links to major destinations.

Investment analysis

(NG24 area)
Area Average
£231/sq ft
Avg Rent (weekly)
£183
Avg Yield
3.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG24)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -0.6%
5 year growth: +10.5%
Investment Disclaimer: Analysis based on NG24 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

Valley Prospect, 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
£831
Based on a loan of £165,000 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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