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Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3 - Image 1
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Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3

East Midlands

£1,150,000
Listed on 24/05/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2817 sqft

Description

This spacious detached family home, set on a generous plot of approximately 1.11 acres, offers significant renovation and investment potential. With around 2,817 square feet of versatile living space spread over three floors, the property is ripe for modernization while maintaining its traditional charm. The ground floor features an inviting entrance hall that leads to a variety of reception rooms. A cozy family room with double-glazed windows provides ample natural light. The sitting room boasts a bay window and a feature fireplace, adding character to the space. Adjacent to these areas, the dining room opens onto the rear garden through patio doors, creating an ideal flow for indoor-outdoor living. The functional kitchen includes essential appliances and plentiful cupboard space but could benefit from a contemporary redesign. An adjacent utility room enhances convenience with plumbing for laundry facilities. Ascending to the first floor reveals four well-proportioned bedrooms, each with double-glazed windows and easy access to two bathrooms—one featuring a spa bath and the other equipped with modern amenities. The top floor hosts a fifth bedroom, characterized by its vaulted ceiling and ample storage in the eaves—perfect for use as an office or guest suite. Outside, twin wrought iron gates lead to a substantial driveway capable of accommodating multiple vehicles, leading to a quadruple carport. The expansive rear garden provides both lawned areas and mature flower borders, alongside an outdoor swimming pool that invites creative landscaping opportunities. Notably, planning permission has been granted by Gedling Borough Council for a self-build dwelling on the property’s grounds (reference number 2023/0084), presenting an exciting opportunity for investors or those looking to expand their living space further or develop rental options. Located on the edge of Mapperley, this property benefits from proximity to local amenities including shops, bars, restaurants, and recreational facilities such as Gedling Country Park. Easy access to Nottingham city center and major transport routes adds to its appeal for families and commuters alike. In summary, this home not only offers spacious living but also holds great potential for enhancement and expansion in a sought-after location.

Investment Analysis

(NG3 area)

Above Market Value

This property is priced +67.5% above area average per sq ft

+67.5%
This Property
£408/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£227
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£115,000 - £287,500
10-25% of property value
Target Value
£755,308
10% above area average per sq ft
Potential ROI
-47.5%
After renovation
Monthly Sales
33
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG3)

Area prices are stable by +0.4% over the last 12 months
3 year growth: 3.7%
5 year growth: 27.5%
Investment Disclaimer: Analysis based on NG3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3
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