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Russet Close, Oakwood

East Midlands

£140,000
Listed on 13/08/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom mid-townhouse presents a compelling opportunity for those interested in a renovation project. With the potential for complete modernization, this property is well-suited for both investors looking to enhance value and first-time buyers eager to create a personalized living space. Upon entry, you will find the layout begins with a kitchen that leads into the lounge, offering a functional flow for everyday living. The upper level features two spacious bedrooms and a bathroom, each providing a blank canvas for new owners to redesign according to their vision. Externally, the property includes off-road parking and a garage equipped with light and power, enhancing convenience. The rear garden is enclosed and primarily paved, providing an easily maintainable outdoor space along with gated access. Situated in a desirable cul-de-sac, this home benefits from its proximity to local amenities, schools, and transport links. It also boasts excellent connections to major routes such as the A52, M1 motorway, A38, A50, and Nottingham East Midlands Airport. This central location not only enhances livability but also increases investment potential as demand in this area continues to grow. With no onward chain, this property offers an exciting opportunity for those looking to embark on a full renovation journey.

Investment Analysis

(DE21 area)
Area Average
£258/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.9%

Renovation Potential

Est. Renovation Cost
£14,000 - £35,000
10-25% of property value
Monthly Sales
40
Average per month
Market Turnover
70%
Properties sold annually

Local Market Trend (DE21)

Area prices are rising by +8.5% over the last 12 months
3 year growth: 10.2%
5 year growth: 24.7%
Investment Disclaimer: Analysis based on DE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Russet Close, Oakwood
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