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Fairham Drive, Wollaton

East Midlands

£230,000
Listed on 16/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
742 sqft

Description

Nestled within walking distance of the picturesque Wollaton Park, this two-bedroom bungalow presents a unique opportunity for those looking to invest or enhance their living space. With its solid foundation and well-maintained interiors, the property is perfect for immediate occupancy while also offering significant renovation potential. Upon entering, you'll find a welcoming porch that leads into a spacious entrance hall. The layout includes two generously sized double bedrooms, a comfortable living room, and a modern kitchen adjacent to a separate dining area. The rear garden, which features a lawn and storage shed, provides an inviting outdoor retreat. Convenience is key in this location, with easy access to various local amenities including shops, schools, and public transportation routes that connect to Nottingham City Centre and the University of Nottingham. This area strikes an ideal balance between serene residential living and urban accessibility. What makes this property particularly compelling is the granted planning permission for several enhancements: a front porch addition, single-storey extension at the rear, loft conversion, external insulation and rendering improvements, plus the inclusion of a rear driveway. These approved upgrades not only allow for increased living space but also promise to significantly increase the property's overall value in the long term. Currently offered with no upward chain, this bungalow invites you to explore its present comforts

Investment Analysis

(NG8 area)

Above Market Value

This property is priced +14.9% above area average per sq ft

+14.9%
This Property
£310/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£263
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£23,000 - £57,500
10-25% of property value
Target Value
£220,129
10% above area average per sq ft
Potential ROI
-23.4%
After renovation
Monthly Sales
41
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (NG8)

Area prices are rising by +5.8% over the last 12 months
3 year growth: 7.6%
5 year growth: 26.5%
Investment Disclaimer: Analysis based on NG8 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

Fairham Drive, Wollaton
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