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Hastings Street, Mapperley, Carlton

East Midlands

£295,000
Listed on 16/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1185 sqft

Description

This property presents an exciting opportunity for development within the Gedling Borough. Located at the end of Hastings Street in Carlton, the site is poised for transformation into a mix of five townhouses and semi-detached homes, bolstered by a pre-application submitted in May 2025. Nestled in an elevated setting, this largely overgrown plot allows for creative vision to flourish, though access for thorough inspection may be limited. The area's proximity to Carlton's main shopping district ensures access to a variety of amenities, including cafes, bars, and restaurants, along with reliable public transport to the city centre. While full planning permission will need to be obtained, initial feedback from the council suggests that residential development here is not only acceptable but could potentially meet design approval contingent upon certain conditions being met. This is a prime chance for investors or developers looking to establish new housing in a desirable location.

Investment Analysis

(NG4 area)

Below Market Value

This property is priced -3.5% below area average per sq ft

-3.5%
Potential saving
This Property
£249/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£336,173
10% above area average per sq ft
Potential ROI
-38.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
65%
Properties sold annually

Local Market Trend (NG4)

Area prices are stable by -1.6% over the last 12 months
3 year growth: -3.1%
5 year growth: +26.0%
Investment Disclaimer: Analysis based on NG4 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

Hastings Street, Mapperley, Carlton
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,064
Based on a loan of £221,250 over 30 years at 4.06% 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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