W A Barnes says ..
SOLD BY ON LINE AUCTION THURSDAY 17TH APRIL 2025 FOR £64,000 A traditional, three storey mid terraced house in need of refurbishment but offering good potential for the rental market once improved.
Property Oracle says ..
This property is a two-bedroom terraced house located on Derby Street in Mansfield, Nottinghamshire. The list price is £60,000. Based on the provided images, the property is in need of significant renovation. The interior shows considerable wear and tear, requiring substantial work to bring it up to a habitable standard. The property benefits from a small rear garden, which is visible in the images, although it appears somewhat neglected. The location is within walking distance of several schools, including Mansfield Primary Academy and King Edward Primary School & Nursery, both rated as \‘Good\’ or better by Ofsted. Mansfield railway station is also relatively close by, providing convenient access to public transportation. However, the average house price in the area is significantly higher, at £334,459, suggesting that this property is priced considerably below market value. This is likely due to its condition and the extensive renovation required. Nearby comparable properties on Derby Street have sold for between £50,000 and £72,000, supporting the current listing price, although these properties may also require renovation.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 6
- Condition
- 3
- Location
- 7
- Land
- 5
- Bedrooms
- 2
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 275,000.00 £Decreased by 19.09 %
- Average area rental value
- 750.00 £/moDecreased by 19.53 %
- Est rental Yield
- 3.27 %Decreased by 0.61 %
- Crime Rate
- 7.00 %Unchanged by 0.00 %
Agent Activity
W A Barnes marked this listing as sold.
W A Barnes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| King Edward Primary School & Nursery | Community School | Requires improvement | 0.49 KM |
| Mansfield Primary Academy | Academy Sponsor Led | Good | 0.57 KM |
| Asquith Primary School | Community School | Good | 1.23 KM |
| Real Alternative Provision School | Other Independent Special School | Good | 1.25 KM |
| High Oakham Primary School | Community School | Good | 1.35 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Foster Street | £ 135,000 | 0 | 0.00 KM |
| Rosebery Hill | £ 0 | 0 | 0.00 KM |
| Berry Hill Road | £ 295,000 | 0 | 0.00 KM |
| Cromwell Street | £ 0 | 0 | 0.00 KM |
| Deakins Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Mansfield | 1727 | MFT | 1.27 KM |
| Mansfield Woodhouse | 1728 | MSW | 3.18 KM |
| Sutton Parkway | 1861 | SPK | 7.00 KM |
| Shirebrook | 1595 | SHB | 7.47 KM |
| Kirkby-In-Ashfield | 1867 | KKB | 8.45 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Derby Street, Mansfield, Nottinghamshire | £ 90,000 | BUY | Unknown | 0.01 KM |
| Derby Street, Mansfield, NG18 | £ 130,000 | BUY | Unknown | 0.01 KM |
| Derby Street, Mansfield, NG18 | £ 90,000 | BUY | 6 / 10 | 0.02 KM |
| Kitchener Drive, Mansfield, Nottinghamshire, NG18 | £ 100,000 | BUY | 5 / 10 | 0.06 KM |
| Kitchener Drive, Mansfield | £ 130,000 | BUY | 7 / 10 | 0.07 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 11 Derby Street | £ 55,000 | 0.01 KM |
| 23 Derby Street | £ 65,000 | 0.01 KM |
| 29 Derby Street | £ 45,000 | 0.01 KM |
| 63 Derby Street | £ 75,000 | 0.01 KM |
| 53 Derby Street | £ 66,995 | 0.01 KM |