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23-25 Carlton Road, Nottingham, Nottinghamshire NG3 2DG - Image 1
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23-25 Carlton Road, Nottingham, Nottinghamshire NG3 2DG

East Midlands

£400,000
Listed on 10/03/2026

Property Details

Bedrooms
10
Type
Detached house

Description

This expansive double-fronted commercial property presents a promising investment opportunity, especially with existing planning permission to convert upper and rear sections into four 2-bedroom flats and one 3-bedroom townhouse. Currently, the ground floor boasts a sizable retail space that is already generating annual income of £18,000. The first and second floors include vacant office spaces that can be repurposed or developed further. Additionally, there are two warehouses at the back; one has already been partially converted for residential use, while the other offers ample storage with potential conversion to residential property. Secure parking is available at the rear, adding to the property's appeal in this well-located area near Nottingham city centre, surrounded by various commercial and residential establishments along with excellent transport links. This property not only allows for current usage but also invites creative renovation ideas to maximize its full potential.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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

23-25 Carlton Road, Nottingham, Nottinghamshire NG3 2DG
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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
£1,443
Based on a loan of £300,000 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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