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Main Road, Underwood, Nottingham

East Midlands

£320,000
Listed on 10/02/2026

Property Details

Bedrooms
2
Type
Detached Bungalow

Description

This two-bedroom detached bungalow in the sought-after village of Underwood presents a promising opportunity for modernization. Set on an unexpectedly spacious plot, this property not only offers an inviting interior layout but also boasts significant potential for internal remodeling and outward extensions, subject to appropriate planning permissions. The existing accommodation features essential elements such as a welcoming entrance porch leading into a hallway, a lounge that opens up to the rear garden, a functional kitchen with utility space, two well-sized bedrooms, and a shower room. Outdoors, you'll find ample front garden space alongside a driveway and garage, while the sizable rear garden is enclosed and ready for your creative landscaping ideas. This property is being sold with no onward chain and invites keen investors or those looking to create their dream home.

Investment Analysis

(NG16 area)
Area Average
£236/sq ft
Avg Rent (weekly)
£193
Avg Yield
4.0%

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
66
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG16)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +2.6%
5 year growth: +21.5%
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

Main Road, Underwood, Nottingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,142
Based on a loan of £240,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-14.7% since listed
£320,000£55,000(-14.7%)
05/05/2026
Current price
£375,000Initial listing
10/02/2026

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