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Main Road, Underwood, Nottingham

East Midlands

£375,000
Listed on 11/02/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached bungalow in the desirable village of Underwood presents a prime opportunity for investors and renovators alike. Situated on an above-average plot, the property allows for significant internal development and the potential for extensions, subject to planning approval. The double-glazed and gas centrally heated layout features an entrance porch, a welcoming hallway, a spacious lounge with patio doors opening to the rear garden, a kitchen with ample cabinetry, a utility room, two bedrooms, and a shower room. Outside, you will find a front garden and driveway leading to a garage, alongside an expansive enclosed garden at the back. This property offers considerable scope for modernisation while being chain-free, making it an attractive proposition for those looking to create their ideal living space.

Investment Analysis

(NG16 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£208
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
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
56%
Properties sold annually

Local Market Trend (NG16)

Area prices are stable by +1.1% over the last 12 months
3 year growth: 4.6%
5 year growth: 25.2%
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

Main Road, Underwood, Nottingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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.

Next Steps

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