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

East Midlands

£150,000
Listed on 15/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This development plot presents a valuable opportunity for investors or self-builders, featuring full planning permission for a spacious four-bedroom detached home. With an internal area of approximately 150m2 (about 1,615 sq ft), the approved design aims to facilitate contemporary family living with a thoughtful layout providing ample space for relaxation and entertainment. The site includes a sizeable rear garden and off-road parking, enhancing its appeal. Located on the serene Walesby Lane in Oleerton, it offers a tranquil rural environment while maintaining easy access to local amenities and transport options. The existing connection to mains drainage is a significant advantage, potentially streamlining the construction process for the new owner.

Investment Analysis

(NG22 area)
Area Average
£239/sq ft
Avg Rent (weekly)
£213
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG22)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +2.2%
5 year growth: +20.0%
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 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£531
Based on a loan of £112,500 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-6.3% since listed
£150,000£10,000(-6.3%)
14/04/2026
Current price
£160,000Initial listing
18/03/2026

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