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53 Honeywood Drive, Nottingham, Nottinghamshire, NG3 6ND - Image 1
53 Honeywood Drive, Nottingham, Nottinghamshire, NG3 6ND - Image 2

53 Honeywood Drive, Nottingham, Nottinghamshire, NG3 6ND

East Midlands

£60,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Terraced house

Description

This three-bedroom mid-terrace house presents a significant opportunity for renovation in a location east of Nottingham City Centre. The property is laid out with an entrance hall leading into a reception room and kitchen on the ground floor. The first floor hosts three bedrooms and a bathroom/WC, all of which would benefit from updating to enhance both functionality and aesthetic appeal. Additionally, there is a rear garden that could be transformed into an inviting outdoor space. Given its current condition, this home is ideal for investors or buyers looking to capitalize by modernizing the interiors and increasing overall value.

Investment Analysis

(NG3 area)
Area Average
£249/sq ft
Avg Rent (weekly)
£237
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG3)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -4.0%
5 year growth: +11.6%
Investment Disclaimer: Analysis based on NG3 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

53 Honeywood Drive, Nottingham, Nottinghamshire, NG3 6ND
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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
£216
Based on a loan of £45,000 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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