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Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3 - Image 1
Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3 - Image 2
Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3 - Image 3
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Spring Lane, Mapperley, Nottingham, Nottinghamshire, NG3 - Image 5

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 detached family residence, set in a substantial plot of approximately 1.11 acres on the outskirts of Mapperley, offers a generous living space of around 2817 sq ft across three floors. The property comes with approved planning permission for an additional self-build dwelling at the rear, presenting an enticing investment opportunity for developers or families looking to expand their living arrangements. Inside, the home features a traditional layout with a welcoming reception hall and multiple living areas including a family room and sitting room adorned with a bay window and fireplace. The dining kitchen is equipped but could benefit from modern upgrades to enhance functionality. The first-floor accommodation includes four bedrooms and two bathrooms, while the second floor hosts a fifth bedroom with vaulted ceilings, offering flexibility for various uses such as guest quarters or a home office. Outside, the grounds include gardens primarily laid to lawn, a patio area for outdoor entertaining, and an outdoor swimming pool that adds leisure appeal. With ample parking options thanks to the quadruple carport and driveway access to outbuildings, this property has considerable potential for renovation and development in a desirable location near Nottingham's amenities.

Investment Analysis

(NG3 area)

Above Market Value

This property is priced +65.6% above area average per sq ft

+65.6%
This Property
£408/sq ft
Area Average
£247/sq ft
Avg Rent (weekly)
£271
Avg Yield
6.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£763,830
10% above area average per sq ft
Potential ROI
-38.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG3)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 2.1%
5 year growth: 21.7%
Investment Disclaimer: Analysis based on NG3 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,213
Based on a loan of £862,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE