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Homefield Avenue, Arnold, Nottingham

East Midlands

£250,000
Listed on 31/03/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached three-bedroom property in Arnold, Nottingham, presents a promising opportunity for those looking to invest in a renovation project. The spacious layout includes a lounge diner with charming exposed beams and sliding patio doors that open into the rear garden, creating an airy atmosphere filled with natural light. The kitchen is notably large and fitted with essential units, but also holds potential for significant modernization or reconfiguration based on individual preference. The first floor accommodates three well-sized bedrooms, including a principal bedroom that offers ample space. The family bathroom features practical elements such as a corner bath with an over-shower setup, which could benefit from contemporary updates. Externally, the property boasts both front and rear gardens. The front features off-road parking alongside access to the garage, while the rear garden is enclosed and showcases various mature plants and shrubs along with a patio area – an ideal canvas for landscaping improvements. This home is being sold with no upward chain and vacant possession, making it particularly attractive for buyers seeking a straightforward purchase with abundant potential for value addition through refurbishment.

Investment Analysis

(NG5 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
92
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NG5)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +7.5%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on NG5 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

Homefield Avenue, Arnold, Nottingham
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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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