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Plains Road, Mapperley, Nottingham

East Midlands

£950,000
Listed on 17/10/2024

Property Details

Bedrooms
7
Type
Detached house
Area
4731 sqft

Description

This substantial detached property is located on the sought-after Plains Road in Mapperley, offering a rare opportunity for renovation and investment. Boasting approximately 4,000 sq ft of living space, this home retains a wealth of character elements, including charming fireplaces in each of the four reception rooms, which can be highlighted or modernized to create inviting living areas. The layout features an elegant entrance hall leading to a kitchen equipped with fitted units and appliances, complemented by a utility room that enhances practicality. The versatile reception rooms—lounge, sitting room, dining room, and breakfast room—allow for flexible usage depending on your lifestyle needs. The first floor hosts four generously sized double bedrooms alongside a spacious landing area. A family bathroom with both a bath and shower caters to daily routines, along with an additional separate WC. On the second floor, you will find three more double bedrooms and another bathroom, making this property particularly attractive for larger families or those requiring extra space. A unique aspect of the property is the 750 sq ft coach house featuring a tandem garage and multiple storage rooms, as well as a gardener's WC. This structure adds considerable flexibility for various uses, whether it be storage for hobbies or potential conversion into an additional living space. The property is set back from the road with ample off-road parking for several vehicles. The expansive rear garden presents additional possibilities for landscaping projects or outdoor entertainment enhancements. With enough space for potential development (subject to planning permissions), this outdoor area offers significant investment potential. While modernisation is required throughout the property, it serves as an excellent canvas for buyers looking to create their dream home in a desirable neighborhood. With easy access to the amenities of Mapperley Top just moments away, this location combines convenience with residential appeal.

Investment Analysis

(NG3 area)

Below Market Value

This property is priced -18.4% below area average per sq ft

-18.4%
Potential saving
This Property
£201/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£305
Avg Yield
7.1%
Monthly Sales
41
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG3)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 5.3%
5 year growth: 26.8%
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.

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Location

Plains Road, Mapperley, Nottingham
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