We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom house · NG25 0RS
Listing removedReduced £10k (−5.6%) on 21 JunListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Agent Ref SM0559 – Guide Price - £180,000 - £190,000 No chain A rare opportunity to acquire a characterful two-bedroom home forming part of the historic Old Silk Mill in Maythorne — a truly special setting surrounded by open countryside, waterways and a lifestyle that is hard to replicate at this price point.
Positioned within a picturesque semi-rural location, the property enjoys immediate access to scenic walks, nearby fishing lakes and the highly regarded Old Lodge restaurant and café, all just moments from your doorstep.
Despite its peaceful setting, Southwell and its amenities remain within easy reach.
Internally, the property offers well-proportioned accommodation across two floors and is perfectly liveable as it stands, whilst presenting clear scope for modernisation.
This provides an excellent opportunity for buyers to enhance, reconfigure and add value over time.
The ground floor is centred around a spacious kitchen, rich in character with exposed beams and generous proportions, offering clear potential to create a more contemporary open-plan arrangement if desired.
The adjoining living space provides a comfortable and inviting setting, also benefitting from character features and flexibility in layout.
To the first floor are two well-sized double bedrooms, both offering good natural light and proportions, served by a family bathroom.
Externally, one of the standout features of the property is the beautifully maintained communal garden, shared with just four neighbouring homes.
This is far from typical — offering a wonderful combination of patio seating areas, established planting, lawned space and a charming summer house, creating a peaceful and sociable outdoor environment rarely found at this price point.
This is a home that offers far more than just internal accommodation — it offers a lifestyle.
Whether as a first purchase, a downsize, or a project with potential, this is a unique opportunity to secure a home in one of the area’s most desirable and characterful settings.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
Agent & docs
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FAQ
About 23, The Old Silk Mill, Maythorne, Southwell
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