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Palmerston Street, Underwood, Nottingham

East Midlands

£110,000
Listed on 31/12/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
729 sqft

Description

This two-bedroom residence is a canvas for personalisation, offering a practical layout that appeals to both first-time buyers and investors. The ground floor features an adaptable lounge/dining area that maximises space for daily living and an efficiently placed kitchen at the rear. Upstairs, the two bedrooms and a bathroom constitute a simple yet comfortable setup. Outside, the property boasts a low-maintenance forecourt in front and an enclosed garden at the back, which includes a lawn and a paved section ideal for outdoor activities or relaxation. While this home requires general updating and modernisation, it presents an excellent opportunity for those looking to enhance its value and make it their own. Conveniently located near local amenities, transport links, and schools, this property has great potential for refurbishment.

Investment Analysis

(NG16 area)

Below Market Value

This property is priced -36.6% below area average per sq ft

-36.6%
Potential saving
This Property
£151/sq ft
Area Average
£238/sq ft
Avg Rent (weekly)
£216
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£190,972
10% above area average per sq ft
Potential ROI
+41.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (NG16)

Area prices are stable by +1.3% over the last 12 months
3 year growth: 5.2%
5 year growth: 26.3%
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

Palmerston Street, Underwood, 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
£403
Based on a loan of £82,500 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