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Melbury Road, Nottingham, NG8

East Midlands

£160,000
Listed on 10/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1074 sqft

Description

This three-bedroom home presents a valuable opportunity for renovation and investment, situated in a well-established residential neighborhood of Nottingham. The property benefits from a practical layout that can be easily adapted to meet modern living needs, making it an appealing choice for families, first-time buyers, or investors looking to enhance its potential. Upon entering, you are greeted by an entrance hall that features a convenient W.C. and storage area. The fitted kitchen offers substantial counter space and cabinetry, complemented by an adjoining dining room that opens directly to the garden. This setup allows for seamless indoor-outdoor living, ideal for family gatherings and entertaining. A separate living room at the front provides additional flexible space that can easily be tailored to your preferences. The first floor is designed with functionality in mind, featuring three well-sized bedrooms that present various possibilities—whether for family use, a home office, or guest accommodations. The family bathroom on this level has been thoughtfully equipped with modern fixtures and a user-friendly layout. Outside, the expansive rear garden is one of the property's standout features, offering ample space for outdoor activities or potential landscaping projects. With views stretching across open fields, this area not only enhances the property’s appeal but also provides excellent scope for future development or extensions (subject to obtaining necessary planning permissions). Located in a sought-after area of Nottingham, residents enjoy convenient access to essential amenities including shops, schools, parks, and public transport links. The proximity to major roadways such as the A610 and M1 facilitates straightforward commuting to Nottingham city center and surrounding regions. In summary, this property combines practicality with significant investment potential in a desirable location. With some thoughtful renovations and personal touches, it could transform into a wonderful family home or an appealing rental opportunity in the thriving Nottingham market.

Investment Analysis

(NG8 area)

Below Market Value

This property is priced -44.5% below area average per sq ft

-44.5%
Potential saving
This Property
£149/sq ft
Area Average
£268/sq ft
Avg Rent (weekly)
£307
Avg Yield
5.9%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£317,088
10% above area average per sq ft
Potential ROI
+71.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NG8)

Area prices are rising by +2.5% over the last 12 months
3 year growth: 8.2%
5 year growth: 21.9%
Investment Disclaimer: Analysis based on NG8 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

Melbury Road, Nottingham, NG8
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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
£586
Based on a loan of £120,000 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