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Kensington Street, Nelson

West Midlands

£71,950
Listed on 01/10/2025

Property Details

Bedrooms
2
Type
Terraced house
Area
867 sqft

Description

Situated in a serene setting away from busy thoroughfares, this two-bedroom mid-terrace property on Kensington Street, Nelson, presents a solid opportunity for both first-time buyers and investors looking to enhance value through renovation. The property’s front garden offers a tranquil entrance and outdoor space, ideal for creating a welcoming atmosphere. Upon entering, you will find a spacious lounge that provides ample room for relaxation and social gatherings. A generous window allows natural light to illuminate the area, enhancing its inviting feel. The kitchen is located toward the rear of the home, presenting a prime opportunity for modernization. With thoughtful updates, it can be transformed into an efficient dining space that meets contemporary lifestyle needs. The first floor features two well-sized bedrooms that invite personalization and reimagining to fully maximize their potential. Each room offers flexibility for layout changes or aesthetic improvements, making it easy to cater to your style. The accompanying three-piece bathroom suite also holds promise; with some investment in updates, it could evolve into a fresh and functional space. Externally, the property boasts a charming garden at the front, perfect for outdoor enjoyment in a peaceful environment. The rear area adds practical utility for storage or waste disposal. This mid-terrace home stands out due to its quiet location paired with excellent access to local amenities and transport links. With its inherent renovation potential and investment opportunities, it serves as an appealing canvas for anyone looking to establish a comfortable residence or a lucrative rental property in Nelson.

Investment Analysis

(BB9 area)

Below Market Value

This property is priced -44.3% below area average per sq ft

-44.3%
Potential saving
This Property
£83/sq ft
Area Average
£149/sq ft
Avg Rent (weekly)
£170
Avg Yield
5.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £15,000
Target Value
£142,101
10% above area average per sq ft
Potential ROI
+63.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (BB9)

Area prices are rising by +6.7% over the last 12 months
3 year growth: 11.4%
5 year growth: 31.5%
Investment Disclaimer: Analysis based on BB9 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

Kensington Street, Nelson
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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
£264
Based on a loan of £53,962 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