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Greenacres, Wighay Road, Linby

East Midlands

£400,000

Listed on 17/10/2025

Property Details

Bedrooms
3
Type
Semi Detached
Area
1711 sqft

Description

This traditional semi-detached house is set on an expansive plot of over 1 acre, offering a versatile living space that could cater to a variety of needs—be it for a growing family, a savvy developer, or an individual looking to craft their ideal residence. With its generous dimensions and classic character, this property serves as an excellent foundation for renovation projects or extensions that could significantly enhance its value. The internal layout includes a welcoming entrance hall leading to two spacious reception rooms; the rear reception opens into a conservatory, providing a light-filled area connecting to the impressive garden. The well-equipped kitchen features ample storage and connects to an alternative entrance along with a practical downstairs WC. The first floor hosts three bedrooms, including two sizable doubles, plus a large family bathroom—space that could be reimagined according to modern standards. Outdoors, the property boasts an extensive garden bordered by mature trees and offers ample parking with dual access points. Notably, while there is no current planning permission in place, the potential for development (subject to planning) on such a substantial plot could appeal greatly to investors or those wishing to create an extraordinary forever home. This property not only holds charm but also endless possibilities for those with vision in a desirable East Midlands location.

Investment Analysis

(NG15 area)

Below Market Value

This property is priced -8.2% below area average per sq ft

-8.2%
Potential saving
This Property
£234/sq ft
Area Average
£255/sq ft
Avg Rent (weekly)
£210
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£479,183
10% above area average per sq ft
Potential ROI
-2.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG15)

Area prices are stable by -1.4% over the last 12 months
3 year growth: -5.0%
5 year growth: +10.7%
Investment Disclaimer: Analysis based on NG15 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

Greenacres, Wighay Road, Linby
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,511
Based on a loan of £300,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

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