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Sharrard Close, Underwood, Nottingham, NG16 - Image 1
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Sharrard Close, Underwood, Nottingham, NG16

East Midlands

£300,000
Listed on 19/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This four-bedroom detached family residence presents an excellent opportunity for buyers looking to create their ideal home. Situated in a sought-after area of the East Midlands, this property is conveniently located near reputable schools and provides easy access to the M1 at junction 28. While it currently requires updating and modernisation, it offers a spacious layout comprising an entrance hallway, versatile living spaces including a lounge and dining room, a functional kitchen with utility room, as well as four bedrooms and a family bathroom. Additional highlights include two garages (one attached and one detached), suitable for use as a workshop or additional storage space, alongside front and rear gardens that provide ample parking options. This is a perfect canvas for those wishing to invest time and effort into transforming it into their forever home.

Investment Analysis

(NG16 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NG16)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 5.7%
5 year growth: 27.5%
Investment Disclaimer: Analysis based on NG16 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

Sharrard Close, Underwood, Nottingham, NG16
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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
£1,099
Based on a loan of £225,000 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