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Walesby Lane, New Ollerton, Newark NG22 - Image 1
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Walesby Lane, New Ollerton, Newark NG22

East Midlands

£120,000
Listed on 18/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This semi-detached property features three bedrooms and represents a compelling opportunity for those looking to invest or for first-time buyers eager to embark on a renovation project. Situated in a well-regarded area of the East Midlands, the home is conveniently located near local amenities, schools, and transport links. The ground floor comprises an entrance hall leading into a living room with exposed flooring, which connects to the kitchen equipped with fitted units and ample space for modern appliances. Additionally, there's a practical W/C. The first floor offers three bedrooms, each with potential for personalisation and an existing wet room that could benefit from updating. Outside, the property boasts a front lawn and access to an enclosed rear garden, providing private outdoor space ripe for landscaping or further enhancement. With no upward chain, this property encourages creative renovations that will maximize its investment potential.

Investment Analysis

(NG22 area)
Area Average
£232/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG22)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 4.0%
5 year growth: 27.7%
Investment Disclaimer: Analysis based on NG22 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

Walesby Lane, New Ollerton, Newark NG22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 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