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Norwell, Newark NG23

East Midlands

£250,000

Listed on 31/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This traditional barn presents a promising opportunity for redevelopment, having received planning consent for conversion into a spacious four-bedroom detached residence with a gross internal area of 2,648 ft². Additionally, the property includes plans to transform a newer brick outbuilding into a functional office or gym space, alongside another outbuilding designated for storage. Nestled in a serene rural setting close to the desirable village of Norwell, it offers expansive countryside views and sits on an ample plot of approximately 0.34 acres. Located just northeast of Norwell village, residents will find essential amenities such as a public house, village shop, church, and primary school within easy reach. The well-connected location allows for quick access to larger towns like Southwell and Newark, with convenient transport links to Nottingham and London via nearby major roads and train services. With the right vision and investment, this property is ripe for transformation into an enviable family home amidst tranquil surroundings.

Investment Analysis

(NG23 area)
Area Average
£268/sq ft
Avg Rent (weekly)
£259
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NG23)

Area prices are falling by -2.2% over the last 12 months
3 year growth: -8.5%
5 year growth: +9.5%
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

Norwell, Newark NG23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 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.

Stamp Duty Calculator

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

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