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Devon Drive, Nottingham

East Midlands

£925,000
Listed on 30/12/2025

Property Details

Bedrooms
23
Type
Semi-detached house

Description

This expansive four-storey property features 23 bedrooms and two self-contained flats, previously operated as a care home. Now vacant but fully furnished, it stands ready for various potential uses, such as continued care services, supported living arrangements, HMO developments, or even complete redevelopment (subject to planning permissions). The ground floor boasts essential communal spaces including a dining room, industrial kitchen, and lounge areas that lead directly to outdoor parking and landscaped gardens. The upper levels house numerous resident rooms with en-suite facilities or private sinks, alongside staff quarters and ample storage options. Situated in the desirable Sherwood area of Nottingham, this property offers convenient access to local shops and transport links to the city centre. With its generous layout and array of facilities, it presents an exceptional opportunity for investors looking to capitalize on its transformation potential in a prime location.

Investment Analysis

(NG5 area)
Area Average
£246/sq ft
Avg Rent (weekly)
£221
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
81
Average per month
Market Turnover
103%
Properties sold annually

Local Market Trend (NG5)

Area prices are rising by +2.3% over the last 12 months
3 year growth: +10.1%
5 year growth: +26.5%
Investment Disclaimer: Analysis based on NG5 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

Devon Drive, Nottingham
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,336
Based on a loan of £693,750 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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