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235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU - Image 1
235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU - Image 2
235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU - Image 3
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235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU - Image 5
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235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU - Image 8
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235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU

East Midlands

£160,000
Listed on 15/04/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property is situated in a vibrant commercial area, surrounded by a solid residential community, making it an ideal location for future development or investment. Located near Gregory Boulevard and just a couple of miles from the heart of Nottingham city center, the site benefits from excellent connectivity through the NET Express Transit System, which runs directly along Radford Road. Comprising approximately 0.15 acres, the site features a single-storey brick garage with a pitched tiled roof and roller shutter door access. While currently used as a garage, the property presents significant renovation and redevelopment opportunities. Previous planning permission was granted in 2016 for the construction of a two-storey warehouse and office space, although this consent has since lapsed. The potential to reclaim or adapt this planning approval offers an investor a chance to capitalize on the site's favorable zoning. The surrounding area is densely populated, ensuring steady demand for both residential and commercial ventures. The proximity to key transport routes adds to its appeal for businesses looking to attract customers from both local neighborhoods and beyond. Utilities such as mains electricity, water, and drainage are believed to be connected; however, prospective buyers should independently verify these services with relevant providers. Given its location and potential for redevelopment, this property represents an intriguing opportunity for investors looking to make their mark in a growing community. Interested parties are encouraged to explore this unique offering further by contacting local authorities regarding planning options and requirements. Viewing is available by appointment only through our agents.

Investment Analysis

(NG7 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£430
Avg Yield
10.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £75,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG7)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on NG7 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

235a Radford Road, Nottingham, Nottinghamshire, NG7 5GU
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Mortgage Calculator

£
£
£
%
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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