3-bedroom house · NG18 3ER
For saleReduced £9k (−3.9%) on 3 OctListed 173 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Outstanding Opportunity – Spacious Detached Bungalow with Superb Potential Set within a sought-after Location, this generously proportioned detached bungalow offers flexible and well-balanced accommodation, presenting an exciting opportunity for buyers to modernise and create a home of true distinction.
A particular highlight is the impressive 24ft lounge, flooded with natural light and enjoying direct access to the garden-an ideal space for both relaxing and entertaining, with excellent scope to enhance further.
The property offers a versatile layout, including a third bedroom which could equally serve as a dining room or home office, in addition to two further well-sized bedrooms.
The kitchen and fully tiled wet room provide a practical foundation, ready for updating to suit individual tastes.
Externally, the home benefits from a low-maintenance frontage, a generous driveway providing ample off-road parking, and a detached garage/store.
To the rear, the enclosed garden offers a private setting with a paved patio and established borders.
An exceptional opportunity to acquire a home with strong proportions and outstanding potential-perfect for those looking to put their own stamp on a property. Early viewing is highly recommended.
Entrance Hall A welcoming entrance hall providing access to the loft space and a useful built-in cupboard.
Kitchen (2.57m x 2.13m (8'5 x 7'60)) Well-appointed with a range of fitted base and wall units, complemented by wood-effect work surfaces and a stainless steel sink unit with drainer.
Appliances include an electric oven, dishwasher and washing machine, plus space for a fridge freezer. A side-facing double glazed window provides natural light.
Lounge (7.32m x 3.35m (24 x 11'45)) An impressive, generously proportioned main reception room filled with natural light from a front-facing double glazed bay window and patio doors opening to the rear garden.
The room is centred around an attractive brick fireplace with hearth and feature stove, creating a warm and inviting focal point.
Two central heating radiators and access to Bedroom Three enhance the versatility of this space.
Bedroom Three (2.74m x 2.13m (9'17 x 7'60)) A flexible room ideal as a formal dining area, home office or third bedroom, featuring a double glazed window to the rear and central heating radiator.
Bedroom One (4.27m x 2.74m (14'33 x 9'71)) A spacious principal bedroom benefiting from fitted wardrobes along one wall, a large double glazed window to the front elevation, and a central heating radiator.
Bedroom Two (2.74m x 2.74m (9'19 x 9'71 )) A well-proportioned second bedroom with a double glazed front-facing window and central heating radiator.
Bathroom/ Wetroom (1.52m x 2.13m (5'84 x 7'36)) Finished with full tiling to both walls and floor, comprising a walk-in shower, wash hand basin and WC, complemented by a heated towel rail and a double glazed side window.
External The property enjoys a low-maintenance, gravelled open-plan front garden with established ornamental shrubs.
A driveway extends along the side of the bungalow, providing ample off-road parking and access to a detached brick-built garage/store with double doors.
To the rear, the enclosed garden offers a private outdoor space with a decorative paved patio-ideal for entertaining-and well-stocked flower borders.
Viewings Viewing is strictly by appointment with Location, 13 - 15 Albert Street, Mansfield, Nottinghamshire, NG18 1EA www. Telephone: Option 1.
Disclaimer Fixtures & Fittings: Fixtures and fittings other than those mentioned above to be agreed with the seller.
Services Connected: Please note that any services, heating systems or appliances have not been tested and no warranty can be given or implied as to their working order.
Measurements: All measurements are approximate. Location have produced these details in good faith and believe that they provide a fair and accurate description of the above property.
Prospective buyers should satisfy themselves as to the property’s suitability and make their own enquiries relating to all specific points of importance following an inspection and prior to any financial commitment.
The accuracy of these details is not guaranteed, and they do not form part of any contract. Money Laundering Intending purchasers will be asked to produce identification before a sale can be agreed.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 25, Penzance Place, Mansfield
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