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Lincoln Street, Old Basford

East Midlands

£135,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
1345 sqft

Description

This spacious four-storey property presents an appealing opportunity for buyers looking to invest or renovate, with immense potential for transformation. Currently configured with two large reception rooms on the ground floor—ideal for comfortable living and dining—and a separate galley kitchen at the rear, this layout allows for various configurations to suit modern living needs. The first and second floors house four generous double bedrooms alongside a conveniently located family bathroom, making it suitable for families or multiple occupants. The full-size cellar offers significant extra space that could be repurposed or developed further, pending necessary permissions. The adaptable layout and multiple access points make it particularly suitable for conversion into a House in Multiple Occupation (HMO), division into flats, or even a mixed-use live/work space. Positioned in Old Basford, just north of Nottingham city centre, the property benefits from excellent transport connectivity and is close to local amenities. This community-oriented area has a steady demand for rental properties due to its proximity to major employers including Nottingham University and the Queen's Medical Centre. With room for updating throughout—the kitchen and bathroom especially—this property is well poised as a long-term investment that can yield significant returns through rental income or capital growth once renovations are undertaken.

Investment Analysis

(NG6 area)

Below Market Value

This property is priced -53.6% below area average per sq ft

-53.6%
Potential saving
This Property
£100/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£213
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£320,312
10% above area average per sq ft
Potential ROI
+64.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NG6)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 7.3%
5 year growth: 28.2%
Investment Disclaimer: Analysis based on NG6 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

Lincoln Street, Old Basford
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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
£495
Based on a loan of £101,250 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