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Field House Close, Wollaton, NG8

East Midlands

£325,000
Listed on 11/01/2025

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1143 sqft

Description

Nestled in a peaceful cul-de-sac, this bungalow offers an opportunity for those looking to invest in a property with great potential. The home boasts off-street parking, space for several vehicles, and a detached garage, making it practical for families or individuals needing extra storage. Located in Wollaton, you're well positioned near essential transport links and local amenities while still enjoying the tranquility of suburban living. Inside, you will find an entrance hall leading to three spacious double bedrooms and a generously sized living room that features double doors opening into the rear garden. The kitchen is located at the back of the house and is functional as-is but may benefit from modernization to maximize its use. The bathroom is separate from the WC, presenting opportunities for reconfiguration. Externally, the property showcases a manageable front lawn garden and an enclosed rear garden complete with patio area and garden shed—a perfect canvas for landscaping or outdoor enhancements. This home presents itself as a solid investment for those willing to undertake some refurbishment efforts to make it their own or enhance its rental appeal.

Investment Analysis

(NG8 area)

Above Market Value

This property is priced +5.5% above area average per sq ft

+5.5%
This Property
£284/sq ft
Area Average
£270/sq ft
Avg Rent (weekly)
£303
Avg Yield
5.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£338,842
10% above area average per sq ft
Potential ROI
-3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NG8)

Area prices are stable by 0.0% over the last 12 months
3 year growth: +5.0%
5 year growth: +9.3%
Investment Disclaimer: Analysis based on NG8 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

Field House Close, Wollaton, NG8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,151
Based on a loan of £243,750 over 30 years at 3.91% 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.

Price History

-7.1% since listed
£325,000£15,000(-4.4%)
12/06/2025
Current price
£340,000£10,000(-2.9%)
17/04/2025
£350,000Initial listing
11/01/2025

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