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Aspley Lane, Nottingham

East Midlands

£300,000
Listed on 09/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1883 sqft

Description

This property presents a unique opportunity to invest in a well-maintained mixed-use building that combines both commercial and residential elements. The ground floor features a spacious retail unit, providing ample space for various business ventures, while the upper level offers a comfortable duplex maisonette with three bedrooms and two bathrooms, complete with its own private entrance. The property includes multiple parking spaces and a generous storage area, alongside a secluded courtyard garden, all benefiting from independent access. Located on the busy Aspley Lane, this asset is positioned among well-known retailers such as Morrisons, Co-op, Euronics, and Ambivet, which ensures steady foot traffic and visibility for any business operations. For investors or owner-occupiers seeking flexibility, this property can be tailored to suit different needs. The residential unit above can easily accommodate families or professionals looking for convenient living options. Additionally, there is potential for further development; plans could be explored to convert the duplex into two separate apartments, subject to necessary planning permissions. Situated in Aspley—a vibrant and established neighborhood—this property enjoys excellent transport links with easy access to the A610 and M1 motorway. Nottingham city center is just three miles away, making it appealing for commuters and families alike. The area boasts a strong community feel with essential amenities close at hand; local schools like Bluecoat School & Sixth Form and Bilborough College are highly regarded. Aspley's blend of suburban comfort and urban accessibility continues to attract interest from both buyers and renters. With its combination of commercial viability and residential appeal, this property stands out as an excellent investment opportunity in one of Nottingham's growing suburbs.

Investment Analysis

(NG8 area)

Below Market Value

This property is priced -40.6% below area average per sq ft

-40.6%
Potential saving
This Property
£159/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£307
Avg Yield
5.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£555,937
10% above area average per sq ft
Potential ROI
+73.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NG8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 8.2%
5 year growth: 21.9%
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

Aspley Lane, 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
£1,099
Based on a loan of £225,000 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