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First Avenue, Sherwood Rise, Nottingham

East Midlands

£255,000
Listed on 16/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1081 sqft

Description

This spacious detached bungalow presents a unique opportunity for renovation and investment. Featuring two generously sized double bedrooms, the home boasts a comfortable lounge diner that opens to a sizable rear garden, offering potential for personal touches and enhancements throughout. Set in a peaceful cul-de-sac just off Sherwood Rise, the property benefits from its proximity to the City Centre and easy access to local amenities, including the Forest Recreation Ground and Park 'n Ride services. The entrance hall is practical, equipped with storage options including linen cupboards and a walk-in utility room that provides plumbing for laundry needs. The kitchen comes with integrated appliances such as an electric oven and hob and offers ample workspace with wall and base units—an ideal canvas for those looking to modernize their cooking space. Each bedroom is light-filled, with UPVC double-glazed windows ensuring a welcoming atmosphere. The shower room features fully tiled walls and includes essential fittings like an electric shower, pedestal wash basin, and toilet. Externally, the property stands on a well-sized plot with block-paved driveways leading to an adjoining single garage. The front garden complements the driveway while the rear garden is primarily lawned, enriched by mature shrubbery—this area could be transformed into a vibrant outdoor space or additional entertaining area. With no upward chain and plenty of care already embedded in its structure—from cavity brick construction to mains utilities including gas, electricity, water, and sewerage—this bungalow not only offers immediate comfort but also significant potential for value enhancement through thoughtful renovations. It is perfect for buyers seeking something they can truly make their own in a desirable location.

Investment Analysis

(NG7 area)

Above Market Value

This property is priced +3.2% above area average per sq ft

+3.2%
This Property
£236/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£430
Avg Yield
10.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£271,828
10% above area average per sq ft
Potential ROI
-1.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG7)

Area prices are stable by 0.0% over the last 12 months
3 year growth: 4.4%
5 year growth: 21.6%
Investment Disclaimer: Analysis based on NG7 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

First Avenue, Sherwood Rise, Nottingham
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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
£934
Based on a loan of £191,250 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