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Bannerman Road, Nottingham

East Midlands

£170,000
Listed on 25/08/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
699 sqft

Description

This three-bedroom semi-detached property in Bulwell, Nottingham, presents a unique opportunity for those looking to invest in a home with considerable renovation potential. Located in a well-established residential area, the property benefits from its proximity to local amenities, including schools, shopping facilities, and transport links, making it an appealing choice for families and first-time buyers alike. Upon entering, you are greeted by an inviting entrance hall that leads to a spacious lounge filled with natural light. This area provides ample room for relaxation and could be enhanced with modern finishes or a fresh layout to suit your personal style. At the rear of the property is a kitchen/diner that overlooks the garden, offering a practical space that can be updated or reconfigured according to your needs. The first floor features three bedrooms—two generously sized doubles and a smaller third room which could serve as a nursery or home office. The family bathroom is also located on this level and currently offers essential amenities; however, there is significant scope for modernization to meet contemporary standards. Externally, the property boasts a substantial rear garden that serves as both an outdoor retreat and a potential canvas for future development or landscaping projects. Its size allows for various possibilities—from creating an ideal family space for play and relaxation to expanding existing structures. Being offered with no upward chain adds convenience for prospective buyers ready to move quickly. While some cosmetic improvements may be required throughout the home, its solid foundation and versatile layout provide an excellent platform for adding value over time. In summary, this property not only promises comfortable living but also offers significant investment potential in a desirable location known for its community atmosphere and accessibility. Early viewing is advisable to fully appreciate what this home has to offer.

Investment Analysis

(NG6 area)

Above Market Value

This property is priced +17.8% above area average per sq ft

+17.8%
This Property
£243/sq ft
Area Average
£207/sq ft
Avg Rent (weekly)
£220
Avg Yield
6.4%

Renovation Potential

Est. Renovation Cost
£17,000 - £42,500
10-25% of property value
Target Value
£158,778
10% above area average per sq ft
Potential ROI
-25.3%
After renovation
Monthly Sales
25
Average per month
Market Turnover
32%
Properties sold annually

Local Market Trend (NG6)

Area prices are rising by +6.0% over the last 12 months
3 year growth: 11.7%
5 year growth: 32.8%
Investment Disclaimer: Analysis based on NG6 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

Bannerman Road, Nottingham
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