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Bankfield Drive, Bramcote

East Midlands

£370,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1163 sqft

Description

This classic three-bedroom detached residence offers a significant opportunity for investment or personalisation, situated in a well-established residential area. With spacious interiors and traditional character, the property is perfect for families seeking to increase their living space or enhance its appeal through renovations (subject to necessary approvals). The ground floor features a sunlit bay-fronted lounge that leads into a separate dining room—ideal for both everyday family life and entertaining guests. The kitchen overlooks the expansive rear garden and provides ample storage and workspace, with direct access to outdoor areas. A welcoming entrance hall further enhances the home's charm. Upstairs, you'll find two generously sized double bedrooms flooded with natural light, alongside a third smaller room suitable for various uses such as an office or nursery. A family bathroom with standard fittings is complemented by a separate WC, adding convenience for day-to-day routines. The exterior presents an attractive front lawn, with off-street parking via a gated driveway. The highlight of the property is undoubtedly the large rear garden—perfectly suited for children’s play, gardening enthusiasts, or potential future development. Additionally, there’s a detached garage that offers valuable storage space or workshop potential. Well-maintained yet ready for updates, this home provides an excellent canvas for those looking to add their own touches. Being sold with no upward chain makes this property not only desirable but also a smart choice for anyone keen on crafting their dream home while benefitting from the local market's growth prospects.

Investment Analysis

(NG9 area)

Above Market Value

This property is priced +8.7% above area average per sq ft

+8.7%
This Property
£318/sq ft
Area Average
£293/sq ft
Avg Rent (weekly)
£355
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£374,323
10% above area average per sq ft
Potential ROI
-7.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG9)

Area prices are falling by +3.5% over the last 12 months
3 year growth: -1.3%
5 year growth: 21.2%
Investment Disclaimer: Analysis based on NG9 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

Bankfield Drive, Bramcote
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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
£1,355
Based on a loan of £277,500 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