House · NG23 7HF
For saleListed 203 days
Opportunity summary
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About
An outstanding Village & Country development opportunity comprising of detailed planning consent for two substantial barn conversions, Bentalls being GIFA 2,960 ft2 and The Waggon House GIFA 2,626 ft2 / 243 m2, both offering four-bedroom accommodation with accompanying expansive reception space and the good-sized grounds they each deserve.
The barns form part of the Manor Farm yard in the small quiet Trent Valley Village of Spalford.
Accommodation: hall, family room, dining kitchen, utility/boot room, WC, two bedrooms both with en-suites, third bedroom to first floor with WC.
This development will appeal to a quality developer or those looking for a personal self-development project. The barns can be purchased together, or separately.
Planning Reference: 24/02132/FUL Local Planning Authority: Newark & Sherwood District Council Castle House, Great N Rd, Newark NG24 1BY.
Website: Phone: Planning Consultants: Fytche Taylor Unit 5, The Quays, Burton Waters, Lincoln LN1 2XG Email: Phone: Neighbouring Development: The barns will form part of a delightful and exclusive high-quality enclave of homes, in the proposed redevelopment of the neighbouring Manor Farm yard.
Planning consent is expected shortly for five new homes with sympathetic contemporary barn style designs, that in conjunction with the development of Barns 1 &2 will significantly enhance the quality and desirability of the village as a whole.
Please contact the agents 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.
Area
Agent & docs
FAQ
About Bentalls Barn (Manor Farm) - Sand Lane, Spalford, Newark
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