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Redgate Street, Mansfield NG19

East Midlands

£150,000

Listed on 31/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property represents an exceptional development opportunity in a prime location, ideal for investors or developers looking to construct two high-quality homes on a generous plot. The land, situated at the top of Redgate Street, offers planning permission in principle for two substantial four-bedroom detached dwellings, allowing flexibility for future alterations in line with emerging application guidelines. Spanning just over a quarter of an acre, this site provides ample space not only for residential structures but also for potential leisure amenities, making it a valuable long-term investment. Mansfield, located in the heart of Nottinghamshire, is a vibrant market town with a rich heritage and modern conveniences that enhance its appeal. Residents enjoy easy access to diverse shopping and dining options, as well as various recreational spaces including parks and nature trails. The town's robust transport links make it accessible to major cities like Nottingham and Sheffield, catering to commuters and families alike. With beautiful countryside nearby and excellent community facilities, this location is poised for growth and development.

Investment Analysis

(NG19 area)
Area Average
£207/sq ft
Avg Rent (weekly)
£198
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG19)

Area prices are falling by -2.1% over the last 12 months
3 year growth: +5.7%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on NG19 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

Redgate Street, Mansfield NG19
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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
£567
Based on a loan of £112,500 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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