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Recreation Drive, Shirebrook, NG20 - Image 1
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Recreation Drive, Shirebrook, NG20

East Midlands

£70,000

Listed on 01/10/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
743 sqft

Description

This two-bedroom mid-terraced house offers a promising opportunity for first-time buyers, investors, or those looking for a renovation project. Offered with no onward chain and vacant possession, the property is priced to sell and requires modernisation, presenting significant potential for value enhancement and personalisation. Upon entry, you are greeted by a spacious living area that flows into the kitchen. The upper floor features two bedrooms along with a family bathroom, providing ample space for small families or professionals. The property benefits from council tax band A, making it an affordable option for various buyers. An outbuilding at the rear offers valuable storage and is accessible via a rear lane, adding practicality for bicycles or tools. On-street parking is available, ensuring ease of access for residents and visitors. Located close to local schools and cricket grounds, this home is ideal for families and sports enthusiasts alike. Nottingham city centre is approximately 15 miles away, allowing for a straightforward commute. With an anticipated rental income of around £700 per month post-improvements, this property represents a strong buy-to-let investment. Early viewing is highly recommended to appreciate the potential on offer.

WHOTS analysis

Our WHOTS verdict

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

60out of 100
Grade CPotential opportunity

Confidence: LOW

This two-bedroom mid-terraced house presents a compelling opportunity for buyers looking to invest in a property that requires significant refurbishment. With an asking price of £70,000, this listing is exceptionally priced at £94/sqf, which is 50.9% below the local average of £192/sqf. This affordability is a considerable advantage for first-time buyers or investors looking to add value through renovations.

While the home shows general signs of wear throughout, including a dated kitchen and living space, these elements create a canvas for improvement. The layout offers ample space for customization, and the potential for rental income following enhancements—estimated at around £700 per month—makes it an attractive prospect. The property’s good location, combined with the potential for personalisation and value enhancement, underscores its appeal. Early viewing is advised to fully appreciate the potential this property holds.

Key opportunities

  • Significant scope for improvement and personalisation throughout the home.
  • Good location with potential for rental income and appeal to families and professionals.
  • Ample space in the layout allows for creative reconfiguration.

Key risks

  • Stripped interiors and a substantial works budget make this a full-gut programme, not a refresh.

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Map

Location

Recreation Drive, Shirebrook, NG20
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Finance

Mortgage calculator

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

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£264
Based on a loan of £52,500 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

Stamp duty calculator

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

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