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Elkesley Place, Elkesley Road, Meden Vale - Image 1
Elkesley Place, Elkesley Road, Meden Vale - Image 2
Elkesley Place, Elkesley Road, Meden Vale - Image 3
Elkesley Place, Elkesley Road, Meden Vale - Image 4
Elkesley Place, Elkesley Road, Meden Vale - Image 5

Elkesley Place, Elkesley Road, Meden Vale

East Midlands

£100,000
Listed on 26/02/2026

Property Details

Bedrooms
2
Type
Terraced house
Area
1205 sqft

Description

This property presents a promising opportunity for renovation and investment in the East Midlands. Entering through the porch, the hallway leads to a spacious lounge/dining room, offering ample natural light through its double-glazed bay window and rear window. The electric fire adds charm but could be replaced with more modern heating solutions or reimagined to enhance the space further. The kitchen, while functional with its wall, drawer, and base units, offers potential for modernization with an open-plan redesign or upgraded fittings to create a contemporary cooking space. There's also convenient understairs storage that could be optimized. Heading upstairs, you’ll find two generously sized bedrooms bathed in natural light. The addition of a shower room provides flexibility; it has potential for conversion into a third bedroom should additional sleeping space be desired. The bathroom is basic and would benefit from updating to improve both functionality and aesthetics. Outside, the front garden beckons for landscaping improvements while providing access to off-street parking at the rear—an attractive feature that adds value. The existing outdoor store offers further enhancement potential. Overall, this property represents a solid investment prospect for those looking to capitalize on renovations in a promising location.

Investment Analysis

(NG20 area)

Below Market Value

This property is priced -56.0% below area average per sq ft

-56.0%
Potential saving
This Property
£83/sq ft
Area Average
£189/sq ft
Avg Rent (weekly)
£186
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£250,056
10% above area average per sq ft
Potential ROI
+100.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by -5.3% over the last 12 months
3 year growth: +2.2%
5 year growth: +21.3%
Investment Disclaimer: Analysis based on NG20 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

Elkesley Place, Elkesley Road, Meden Vale
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£361
Based on a loan of £75,000 over 30 years at 4.06% 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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