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Austrey Avenue, Lenton Abbey, Nottingham

East Midlands

£170,000
Listed on 07/12/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

Situated in the desirable area of Lenton Abbey, this mid-terraced house offers a promising canvas for first-time buyers and investors alike. With two double bedrooms and a functional layout that includes a reception room, kitchen, and bathroom, there is ample opportunity to modernize and enhance its appeal. The property benefits from essential amenities close by and is conveniently located near key destinations such as the University of Nottingham and Queens Medical Centre. The internal space features a well-sized entrance hall leading to the living room, which can be updated with fresh flooring or paint to create a welcoming atmosphere. The kitchen has potential for refurbishment by upgrading fixtures or reconfiguring the layout to maximize utility. On the first floor, both bedrooms offer ample space for personalization, while the bathroom could see improvements with updated fittings or a complete redesign for contemporary appeal. Outside, the front driveway provides off-road parking, and the rear garden presents an opportunity for landscaping or creating an outdoor entertaining area. A house that has served as a rental property in recent years, it comes equipped with gas central heating and double glazing throughout. This property is a solid investment choice with significant potential for value enhancement through renovation.

Investment Analysis

(NG9 area)
Area Average
£293/sq ft
Avg Rent (weekly)
£355
Avg Yield
6.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
64
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NG9)

Area prices are falling by +3.5% over the last 12 months
3 year growth: -1.3%
5 year growth: 21.2%
Investment Disclaimer: Analysis based on NG9 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

Austrey Avenue, Lenton Abbey, 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
£623
Based on a loan of £127,500 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