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Melford Road, Bilborough, Nottingham, NG8 - Image 1
Melford Road, Bilborough, Nottingham, NG8 - Image 2
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Melford Road, Bilborough, Nottingham, NG8 - Image 4
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Melford Road, Bilborough, Nottingham, NG8

East Midlands

£100,000
Listed on 28/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
965 sqft

Description

This three-bedroom family residence, situated in the sought-after area of Bilborough, presents an enticing opportunity for renovation enthusiasts and investors. Set within a community that boasts convenient access to local schools, shops, and key transport routes including the M1 junction 26, this property is primed for a transformative project. While the home requires comprehensive modernization, its non-standard construction has been enhanced with external insulation and rendering, achieving a respectable EPC rating of 71 (C). The layout includes an entrance hall, living room, dining room, and kitchen on the ground floor, while the first floor accommodates three bedrooms and a shower room. Externally, there is potential for off-road parking with an existing dropped kerb, alongside front and rear gardens. This offering comes with no upward chain, making it especially appealing for those looking to invest in a refurbishment venture.

Investment Analysis

(NG8 area)

Below Market Value

This property is priced -61.4% below area average per sq ft

-61.4%
Potential saving
This Property
£104/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£273
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£285,013
10% above area average per sq ft
Potential ROI
+78.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (NG8)

Area prices are stable by +1.9% over the last 12 months
3 year growth: 7.3%
5 year growth: 15.0%
Investment Disclaimer: Analysis based on NG8 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

Melford Road, Bilborough, Nottingham, NG8
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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
£366
Based on a loan of £75,000 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