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Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23 - Image 1
Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23 - Image 2
Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23 - Image 3

Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23

East Midlands

£500,000
Listed on 27/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property presents a compelling investment opportunity, featuring a derelict detached house set on approximately 0.4 acres. The site previously secured planning consent for the development of three residential units, which has now lapsed, but still holds significant potential for reapplication or modernisation. Located off Hockerton Road in a tranquil area, the existing structure can be renovated or extended to create a comfortable family home while also retaining ample outdoor space for gardens and possibly additional infrastructure such as a driveway and garage (subject to planning). The previous plans included two substantial two-storey homes and a bungalow, offering flexible options for redevelopment or refurbishment. Upton is well-regarded for its community spirit and proximity to Southwell's amenities, making this an attractive proposition for developers or those looking to enhance their investment portfolio.

Investment Analysis

(NG23 area)
Area Average
£264/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Superb Investment Opportunity, Hockerton Road, Upton, Newark NG23
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 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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