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63 Southwell Close, Kirkby-in-Ashfield, Nottinghamshire, NG17 8GN - Image 1
63 Southwell Close, Kirkby-in-Ashfield, Nottinghamshire, NG17 8GN - Image 2
63 Southwell Close, Kirkby-in-Ashfield, Nottinghamshire, NG17 8GN - Image 3

63 Southwell Close, Kirkby-in-Ashfield, Nottinghamshire, NG17 8GN

East Midlands

£30,000

Listed on 13/09/2026

The listing

Property details

Bedrooms
1
Type
Flat

Description

This one-bedroom flat, located on the second floor of a purpose-built block, presents a significant opportunity for renovation. While it is currently in need of modernisation, its strategic location near Kirkby In Ashfield Station and local amenities on Station Road adds to its appeal. The property is vacant, allowing for immediate access and renovation potential. The accommodation includes an entrance hallway, a reception room, a kitchen, a bedroom, and a bathroom/WC. With the right vision and investment, this flat could be transformed into a comfortable living space or a lucrative rental property.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

51out of 100
Grade DWeak opportunity

Confidence: LOW

This one-bedroom flat in Kirkby-in-Ashfield offers a compelling opportunity for those willing to undertake a significant renovation project. Priced at £30,000, it sits well below the local average sale price, making it an attractive entry point for savvy buyers. The property requires extensive refurbishment, with visible wear and damage present throughout, particularly in the living areas and bedrooms. The dated kitchen and bathroom will also need complete overhauls, providing a blank canvas for modern updates.

Despite the extensive work required, this flat's location near transport links and local amenities adds to its potential. The exterior and roof are in good condition, which is a positive aspect for renovation. With an estimated renovation budget of £40,000 to £80,000, this project allows for a complete transformation, enabling you to create a stylish and functional living space in a desirable area. However, prospective buyers should be prepared for a full gut renovation process, as the interiors will require significant work to bring them up to modern standards.

Key opportunities

  • The extensive refurbishment offers the chance to redesign the layout and update all interiors, tailoring them to current market preferences.
  • The property features a good exterior and roof condition, which can save on initial renovation costs and provide a solid base for improvements.
  • Being vacant, the flat allows for immediate access and rapid commencement of renovation works.

Key risks

  • Stripped interiors and a £40,000–£80,000 works budget make this a full-gut programme, not a refresh.
  • Significant wear and damage throughout the property may hide further issues that could arise during renovation.
  • The dated kitchen and bathroom fixtures need complete replacement, which adds to the overall project complexity.

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Map

Location

63 Southwell Close, Kirkby-in-Ashfield, Nottinghamshire, NG17 8GN
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£113
Based on a loan of £22,500 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.

Tax

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Indicative tax based on the asking price and the options you select.

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