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Cherry Grove, Warsop, Mansfield NG20 - Image 1
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Cherry Grove, Warsop, Mansfield NG20

East Midlands

£550,000
Listed on 11/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This expansive 1.79-acre site features a two-bedroom bungalow and boasts stunning views of the surrounding countryside. Previously, the property had outline planning permission for the construction of 19 residential units, making it an attractive prospect for developers looking to tap into the growing demand in the Warsop area. With nearby towns expanding and welcoming new businesses, this location is becoming increasingly desirable for investors and families alike. The plot has conducted several essential surveys, including drainage assessments, which are accessible upon request. Despite the previous planning application having lapsed, this site still offers significant potential for redevelopment and can play a vital role in revitalizing local land use while maintaining those picturesque views. Warsop itself is evolving—it’s just a short drive to Mansfield, an area witnessing price increases and successful development projects. This presents an opportune moment for consideration by interested parties eager to make their mark in a burgeoning community.

Investment Analysis

(NG20 area)
Area Average
£186/sq ft
Avg Rent (weekly)
£193
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +4.3% over the last 12 months
3 year growth: 4.3%
5 year growth: 25.3%
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

Cherry Grove, Warsop, Mansfield NG20
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Mortgage Calculator

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Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,015
Based on a loan of £412,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE