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Spring Lane, Lambley, Nottingham

East Midlands

£600,000
Listed on 27/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1510 sqft

Description

This extended detached family home is situated on a substantial plot of approximately 0.77 acres, offering remarkable renovation and investment potential. Located in the tranquil village of Lambley, this property benefits from its proximity to open countryside while being near Mapperley’s amenities and local schools. With no upward chain, it presents a unique opportunity for buyers interested in transforming or redeveloping an existing structure into a tailored family residence or exploring broader development possibilities (subject to planning permissions). The current layout includes two spacious reception rooms, a kitchen, and a shower room on the ground floor. The first floor features three double bedrooms, a dressing room that could easily be converted into a fourth bedroom with the appropriate planning consent, along with another shower room. The generous proportions of the accommodation allow for various reconfiguration options. The exterior offers a shared driveway leading to private block-paved parking and access to a mature garden filled with fruit trees, providing ample outdoor space for enhancement. Additionally, there is a two-storey outbuilding which may have redevelopment potential as self-contained ancillary accommodation following prior pre-planning enquiries. This property is ideal for those looking for an extensive project or investment opportunity in one of Nottinghamshire’s sought-after locations. A timely viewing is advised to fully appreciate the scope and setting of what could become an exceptional property.

Investment Analysis

(NG4 area)

Above Market Value

This property is priced +54.0% above area average per sq ft

+54.0%
This Property
£397/sq ft
Area Average
£258/sq ft
Avg Rent (weekly)
£209
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£428,538
10% above area average per sq ft
Potential ROI
-37.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
33
Average per month
Market Turnover
45%
Properties sold annually

Local Market Trend (NG4)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -4.3%
5 year growth: +25.3%
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

Spring Lane, Lambley, Nottingham
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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
£2,164
Based on a loan of £450,000 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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