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Spencer Avenue, Nottingham, NG10

East Midlands

£180,000
Listed on 16/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
718 sqft

Description

This three-bedroom semi-detached property, located in the desirable area of Sandiacre (NG10 5), presents a promising investment opportunity for those looking to renovate and enhance its potential. While currently in need of refurbishment, this chain-free home offers a solid foundation with an entrance hall, lounge, kitchen, three bedrooms, a bathroom alongside a separate W/C, and outdoor spaces at both the front and rear. Its location is ideal for commuters, being just a short distance from Junction 25 of the M1 motorway and major roads such as the A52. The nearby Erewash Canal also provides access to beautiful walking and cycling paths. The thriving community offers plenty of local amenities including shops, supermarkets, and public transport links to Nottingham and Derby. This property represents an excellent opportunity for investors or homeowners looking to put their personal touch on a well-placed residence.

Investment Analysis

(NG10 area)

Above Market Value

This property is priced +1.2% above area average per sq ft

+1.2%
This Property
£251/sq ft
Area Average
£248/sq ft
Avg Rent (weekly)
£194
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£195,633
10% above area average per sq ft
Potential ROI
-11.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NG10)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 1.5%
5 year growth: 24.3%
Investment Disclaimer: Analysis based on NG10 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

Spencer Avenue, Nottingham, NG10
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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
£659
Based on a loan of £135,000 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