Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23
East Midlands
£500,000
Listed on 10/10/2026
Listed on 10/10/2026
The listing
Property details
Bedrooms
—Type
LandFeatures
- Garden
Description
A detached house in Upton set within a plot of approximately 0.4 acres, with outbuildings and an elevated position off Hockerton Road. The existing house is described as derelict and may be considered for modernisation and extension, subject to the necessary consents, or the site could be assessed for redevelopment.
Planning permission was previously granted for three detached homes: two two-storey houses of approximately 1,772 sq ft and 2,152 sq ft, and a bungalow of approximately 576 sq ft. The permission has lapsed, so any renewed proposal would require planning feasibility and approval to be checked. The listing also refers to retaining the existing house with a large garden, driveway and garage, subject to planning.
Upton is around three miles east of Southwell, with access to Newark and Nottingham. Southwell provides a range of amenities and services, and the village has a pub, community facilities and the Horological Museum and Clock House Café.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
34out of 100
Grade ELow opportunity
Confidence: LOW
This is a substantial, derelict-house project on an approximately 0.4-acre plot, with mature trees, outbuildings and scope either to rework the existing house or explore the site’s wider potential. The grounds are heavily overgrown, and the house is described as derelict; the exterior shows an older brick property with a pitched tiled roof, with no obvious major roof failure in the available views. The former consent for three homes has lapsed, so any redevelopment route would need fresh investigation.
Key opportunities
- Rework the derelict detached house and shape the approximately 0.4-acre plot into a substantial private garden, subject to planning.
- Make use of the mature trees, outbuildings and existing hardstanding as part of a considered site and grounds plan.
- Investigate whether a future development or extension route is viable, while treating the former three-home consent as lapsed rather than current.
Key risks
- The derelict house and substantially overgrown grounds make this a major site-wide programme, with budget and timescale well beyond a cosmetic refresh.
- The asking price is above the local £/sqf average, limiting the value case before the project scope is established.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£1,889
Based on a loan of £375,000 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.
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