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Lechlade Road, Nottingham, NG5

East Midlands

£160,000
Listed on 19/03/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
818 sqft

Description

This three-bedroom house presents a solid opportunity for renovation or investment. Ideally situated, it offers convenient access to local schools, shopping options, bus routes, and the city hospital, making it attractive for families and professionals alike. Upon entering, you'll find an entrance hall leading to the first floor. The lounge features a rear-facing UPVC window, allowing natural light to fill the space. It includes essential amenities such as a single drainer stainless steel sink, a cooker point, and a wall-mounted boiler. Access to the utility room adds practicality to daily living. The utility room provides direct access to the garden and includes under-stairs storage—an excellent feature for managing household items. Upstairs, the landing is equipped with a built-in cupboard for additional storage. The three bedrooms vary in size but all offer comfortable spaces. The main bedroom features a front-facing UPVC window and ample room for furnishings. The second bedroom overlooks the rear garden and is well-proportioned, while the third bedroom provides versatility, suitable for use as a guest room or home office. The bathroom is functional with a wash hand basin and bath equipped with a shower over, complemented by tiled splashbacks. A separate W/C adds convenience for family living. Externally, the property boasts both front and rear gardens. The front garden is largely lawned with gravelled areas bordered by hedges. The rear garden features a patio area alongside a lawn with hedged boundaries, providing private outdoor space that may be further enhanced through landscaping or additional features. With no onward chain and significant potential for modernization or rental investment, this property is ready for someone looking to add their personal touch or capitalize on its rental appeal in a desirable location.

Investment Analysis

(NG5 area)

Below Market Value

This property is priced -19.5% below area average per sq ft

-19.5%
Potential saving
This Property
£196/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£227
Avg Yield
5.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£8,000 - £15,000
Target Value
£218,606
10% above area average per sq ft
Potential ROI
+24.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (NG5)

Area prices are rising by +2.4% over the last 12 months
3 year growth: 10.2%
5 year growth: 29.6%
Investment Disclaimer: Analysis based on NG5 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

Lechlade Road, Nottingham, NG5
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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
£586
Based on a loan of £120,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE