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Main Street, Norwell NG23

East Midlands

£750,000
Listed on 01/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2594 sqft

Description

Blacksmiths Cottage is a charming, detached Border Oak property set in an inviting village environment. This traditional home features a distinctive oak frame construction and retains many original architectural elements, making it a canvas for restoration or enhancement. The accompanying Blacksmith's Shop has been transformed into a versatile self-contained annexe, complete with kitchenette and en-suite bathroom, offering potential rental or guest space. Internally, the property boasts generous living areas with vaulted ceilings and extensive natural light from the floor-to-ceiling windows. The large reception hall leads to an open-plan kitchen and dining area that retains rustic charm while providing modern conveniences like a Sandyford oil-fired cooking range. The ground floor also includes multiple utility spaces and a cozy sitting room featuring a wood-burning stove. Upstairs presents an opportunity to reconfigure the existing layout; the current three double bedrooms could easily accommodate four with some partitioning. Outside, the landscaped gardens invite enhancements or extensions, especially considering the potential to expand the annexe by converting the carport (subject to planning consent). With several fruit trees and outdoor storage spaces already in place, this property offers significant investment potential for those looking to make it their own in this beautiful countryside setting.

Investment Analysis

(NG23 area)

Above Market Value

This property is priced +9.4% above area average per sq ft

+9.4%
This Property
£289/sq ft
Area Average
£264/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£753,868
10% above area average per sq ft
Potential ROI
-9.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
144%
Properties sold annually

Local Market Trend (NG23)

Area prices are falling by -2.1% over the last 12 months
3 year growth: -7.8%
5 year growth: +13.0%
Investment Disclaimer: Analysis based on NG23 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

Main Street, Norwell NG23
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,705
Based on a loan of £562,500 over 30 years at 4.06% 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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