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Gander Close, Weldon NN17

East Midlands

£80,000
Listed on 29/04/2026

Property Details

Bedrooms
1
Type
Flat
Area
431 sqft

Description

This one-bedroom first floor apartment, situated in the village of Weldon, presents a promising opportunity for buyers keen on renovation projects. With approximately 63 years left on its lease, this property is available exclusively to cash buyers, making it especially appealing to investors and those familiar with managing leasehold properties. The layout features a lounge, separate kitchen, double bedroom, and bathroom, all of which are ripe for modernization to reflect contemporary living standards. Ideal as a manageable project or as a potential rental investment (pending necessary approvals), this apartment can be transformed into a comfortable home post-refurbishment. Its convenient location within the village further enhances its desirability.

Investment Analysis

(NN17 area)

Below Market Value

This property is priced -30.0% below area average per sq ft

-30.0%
Potential saving
This Property
£186/sq ft
Area Average
£265/sq ft
Avg Rent (weekly)
£259
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£125,779
10% above area average per sq ft
Potential ROI
+19.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NN17)

Area prices are falling by -8.5% over the last 12 months
3 year growth: -4.7%
5 year growth: +3.1%
Investment Disclaimer: Analysis based on NN17 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

Gander Close, Weldon NN17
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£285
Based on a loan of £60,000 over 30 years at 3.97% 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

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