2-bedroom house · NG15 8GD
For saleReduced £60k (−14.6%) on 21 JunListed 509 days
Opportunity summary
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About
One of a kind! A Grade-ii listed building in the grounds of the historic Newstead Abbey. This truly unique listed property dates back to the early 1862.
This exceptional one of a kind property needs to be viewed to be appreciated! A Grade-ii listed building in the grounds of the historic Newstead Abbey.
This truly unique listed property dates back to the early 1862 and has an abundance of charm and character throughout.
Constructed from dressed stone under a plain slate tiled roof this single story building benefits from a slightly raised position behind the main entrance gates with a small well maintained garden to its frontage.
The property comprises from kitchen, lounge diner, two bedrooms and a shower room. To the rear of the property is a secure low maintenance garden, covered carport and stone outbuilding.
The property is being offered on a Leasehold basis subject to a 993 year lease with a peppercorn ground rent.
Ground Floor Kitchen (12' 3" x 10' 3") With a range of wall and base units with a work surface over, inset sink and drainer, induction 2 burner hob, integrated dish washer, two feature lead lined windows to the side aspect, door leading to the front of the property, stable door to the rear aspect, air conditioning unit, opening to the lounge diner and tiled flooring.
Lounge Diner (14' 4" x 13' 0") Three feature lead lined windows to the front aspect, feature fire place with log burner inset, air conditioning unit, doors leading to the bedrooms and shower room and wooden flooring.
Bedroom One (12' 1" x 10' 2") Two feature lead lined windows to the front and side aspects, wooden flooring and an air conditioning unit.
Bedroom Two (10' 2" x 13' 6") Feature lead lined window to the rear aspect, wooden flooring, and an air conditioning unit.
Shower Room (6' 8" x 3' 10") Shower cubicle, WC and wash basin, part tiled walls, wooden flooring and a lead lined window to the rear aspect.
Outside To the front of the property is a quaint garden area that is mainly laid to lawn with feature stone steps leading to the front of the property.
To the rear of the property is a secure low maintenance garden that is graveled, covered carport and stone outbuilding with lighting and power.
Money Laundering Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, Gascoines require any successful purchasers proceeding with a purchase to provide two forms of identification i.e.
Passport or photocard driving license and a recent utility bill. This evidence will be required prior to Gascoines instructing solicitors in the purchase or the sale of a property.
All offers are made Subject to Contract. Fixtures & Fittings Only fixtures and fittings specifically described within these particulars of sale are included.
Lease Hold The property is being offered on a Leasehold basis subject to a 993 year lease with a peppercorn ground rent. Viewings Contact Gascoines Ravenshead for more information.
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About The Gate House Lodge,, Newstead Abbey Park, Nottinghamshire
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