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East Midlands
£25,000
Listed on 26/09/2026
Listed on 26/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom flat in Kirkby-in-Ashfield is a project with significant potential for those looking to invest in a renovation. The asking price of £25,000 is notably below market averages, making it an attractive opportunity for buyers willing to undertake the necessary modernisation. While the flat shows general wear and tear throughout, with dated fixtures in the kitchen and bathroom, this offers a blank canvas for creative improvements. The exterior and roof are in good condition, adding to the positives of this property.
Given the medium scale of refurbishment required, the renovation budget of £30,000 to £60,000 provides a clear framework for potential buyers. The property's location near local amenities and transport links further enhances its appeal, making it a worthwhile consideration for those looking to create value through renovation. However, be mindful that the absence of specific floor area details prevents a precise assessment of value versus local £/sqf. This means the final price could vary based on bidding activity, especially in the auction format, where bids can exceed the guide price.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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
Indicative tax based on the asking price and the options you select.
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