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Coleby Avenue, Nottingham

East Midlands

£195,000
Listed on 19/02/2026

Property Details

Bedrooms
3
Type
Terraced house
Area
698 sqft

Description

This classic three-bedroom residence offers a remarkable opportunity for buyers and investors aiming to increase value through thoughtful renovation. Set behind secure gated access, the property provides a sense of seclusion with a manageable front garden. The well-proportioned ground floor features a spacious living room filled with light and highlighted by a charming fireplace and built-in shelving, allowing for various layout possibilities for relaxation and dining. The kitchen at the rear has views of the garden and offers direct outdoor access. While functional as-is with its fitted units and integrated appliances, there's significant potential for modernisation or redesign into a contemporary kitchen-diner that better suits modern living. Additionally, the ground floor includes both a bathroom equipped with essential amenities and a separate WC, enhancing its practicality for families or shared occupancy. On the first floor, three bedrooms are accessible from the landing. The master bedroom boasts built-in storage, while the second offers ample space for another double bed. The third bedroom is versatile enough to serve as a child's room, guest accommodation, or even a home office. A further WC on this level adds convenience. The enclosed rear garden features patio and lawn areas that can be easily transformed into an attractive low-maintenance space through landscaping efforts. Overall, this property's sensible layout and evident cosmetic improvement opportunities make it ideal for first-time buyers looking to personalize their new home or investors seeking solid rental prospects in Nottingham's desirable NG7 postcode area.

Investment Analysis

(NG7 area)

Above Market Value

This property is priced +25.8% above area average per sq ft

+25.8%
This Property
£279/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£372
Avg Yield
9.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£170,490
10% above area average per sq ft
Potential ROI
-22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (NG7)

Area prices are falling by -6.9% over the last 12 months
3 year growth: -1.0%
5 year growth: +18.7%
Investment Disclaimer: Analysis based on NG7 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

Coleby Avenue, 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
£703
Based on a loan of £146,250 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.

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