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Prospect Road, Nottingham

East Midlands

£160,000
Listed on 22/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
793 sqft

Description

This traditional semi-detached property is presented as a renovation opportunity, available with no onward chain. It features well-sized rooms over two floors, making it ideal for those looking to invest in a property that requires significant refurbishment. The ground floor includes an entrance hall that leads into a front living room, enhanced by a bay window that provides ample natural light. Towards the rear, there's a kitchen connected to a conservatory, offering potential for transformation into an open-plan kitchen/dining area, subject to necessary permissions. A ground floor bathroom and separate WC are also present.

On the first floor, you will find three bedrooms: two spacious doubles and one single, all accessible from a central landing. This layout presents various options for families or investors, including potential for home office or dressing room conversions during the renovation process.

Externally, there is a front garden that adds some privacy from the street, while the south-facing rear garden presents an excellent opportunity for landscaping or possible extensions with planning consent. The need for modernisation throughout this property makes it suitable for buyers looking to personalize and add value according to their specifications. The lack of an onward chain facilitates what could be a more efficient purchasing experience.

Investment Analysis

(NG4 area)

Below Market Value

This property is priced -21.8% below area average per sq ft

-21.8%
Potential saving
This Property
£202/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£205
Avg Yield
4.2%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£225,141
10% above area average per sq ft
Potential ROI
+7.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG4)

Area prices are stable by +0.5% over the last 12 months
3 year growth: -1.3%
5 year growth: +27.0%
Investment Disclaimer: Analysis based on NG4 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

Prospect Road, 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
£567
Based on a loan of £120,000 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.

Stamp Duty Calculator

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