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Mapperley Road, Nottingham

East Midlands

£60,000
Listed on 01/05/2025

Property Details

Bedrooms
1
Type
Detached house

Description

This property presents a compelling opportunity for developers and self-builders alike, featuring a building plot with approved planning consent for a one-bedroom detached bungalow. Located in the desirable Mapperley Park area of Nottingham, known for its elegant Victorian and Edwardian homes and serene tree-lined streets, this site is primed for investment. Planning permission was granted on September 14, 2022 (Planning Reference No. 22/01387/PFUL3), allowing you to bring your vision to life in an area celebrated for its architectural charm and vibrant community ambiance. The plot is adjacent to Ellis House, providing a level of exclusivity while remaining well-connected to local amenities and transport links. Mapperley Park is notable not just for its picturesque surroundings but also for its residential appeal, attracting those seeking both tranquility and connectivity to the city center. This location enhances the investment potential of the property; as demand for housing continues to rise in such sought-after neighborhoods, the opportunity here could yield significant returns. Utilities such as drainage, water, electricity, and gas are already connected, offering a seamless transition into construction upon purchase. This unique plot invites you to explore the possibility of creating a modern living space tailored to your specifications while capitalizing on this attractive location's future potential.

Investment Analysis

(NG3 area)
Area Average
£248/sq ft
Avg Rent (weekly)
£293
Avg Yield
6.4%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (NG3)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 1.2%
5 year growth: 19.3%
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.

Location

Mapperley Road, Nottingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 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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