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2-4 Low Street, Sutton-in-Ashfield, Nottingham, Nottinghamshire, NG17 1AQ - Image 1

2-4 Low Street, Sutton-in-Ashfield, Nottingham, Nottinghamshire, NG17 1AQ

East Midlands

£595,000
Listed on 03/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property features a historic former public house that dates back to the 1750s, showcasing classic stone and brick construction complemented by a multi-pitched hipped slate roof. While part of the building has been transformed into a ground floor coffee shop, the upper levels and adjoining spaces at 2-4 Low Street present a blank canvas ripe for renovation. The vacant upper floors offer considerable potential for redevelopment into residential units or additional commercial space, catering to the growing demand for both housing and retail opportunities in the area. Located in a vibrant neighborhood, this property benefits from high foot traffic and visibility, making it an appealing prospect for investors looking to capitalize on its prime location. With its historic charm and versatile layout, this property is not only an interesting piece of local heritage but also a strategic investment opportunity for those looking to breathe new life into a building with significant character. The surrounding area supports diverse businesses and residential developments, reinforcing the attractiveness of this investment in today's market.

Investment Analysis

(NG17 area)
Area Average
£204/sq ft
Avg Rent (weekly)
£196
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
66
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG17)

Area prices are stable by +2.0% over the last 12 months
3 year growth: 9.6%
5 year growth: 32.3%
Investment Disclaimer: Analysis based on NG17 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

2-4 Low Street, Sutton-in-Ashfield, Nottingham, Nottinghamshire, NG17 1AQ
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,180
Based on a loan of £446,250 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