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Russell Drive, Wollaton, Nottingham, NG8 - Image 1
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Russell Drive, Wollaton, Nottingham, NG8

East Midlands

£450,000
Listed on 17/03/2026

Property Details

Bedrooms
4
Type
Detached
Area
1176 sqft

Description

This four-bedroom detached residence is positioned on a generously sized plot within a well-regarded area of Wollaton, just a short stroll from Martins Pond Nature Reserve and Fernwood Schools. It presents an excellent opportunity for buyers to enhance and personalize the property further, with potential for side and rear extensions pending necessary planning approvals. The home retains attractive period features such as a feature fireplace in the living room and a multi-fuel burner in the snug room, adding character to the space. The extended kitchen includes a dining area that opens up to the rear, while additional amenities include a downstairs WC. The well-proportioned accommodation consists of an entrance porch, corridor leading to various reception areas, along with four bedrooms—three of which are doubles—complemented by a family bathroom. A block-paved driveway accommodates several vehicles, with side access to the mature rear garden that boasts established trees and shrubs. This property promises significant investment potential for those looking to create their ideal family home.

Investment Analysis

(NG8 area)

Above Market Value

This property is priced +42.1% above area average per sq ft

+42.1%
This Property
£383/sq ft
Area Average
£269/sq ft
Avg Rent (weekly)
£286
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£348,302
10% above area average per sq ft
Potential ROI
-28.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
99%
Properties sold annually

Local Market Trend (NG8)

Area prices are rising by +2.2% over the last 12 months
3 year growth: +5.4%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on NG8 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

Russell Drive, Wollaton, Nottingham, NG8
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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
£1,623
Based on a loan of £337,500 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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