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Homefield Avenue, Arnold, Nottingham, NG5

East Midlands

£255,000
Listed on 08/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
1822 sqft

Description

This four-bedroom detached home presents a unique opportunity for buyers interested in renovation and enhancement. Offered with no onward chain, this property is ideal for first-time buyers, families, or investors looking to add value through refurbishment. Inside, you'll find a welcoming entrance porch leading to a spacious lounge and an open-plan kitchen/dining area that flows into a generous sunroom. The four bedrooms provide ample living space alongside a family bathroom. Outside, there's driveway parking and a garage equipped with lighting, as well as a pleasant rear garden boasting countryside views. Notably, the large cellar features multiple rooms that could be transformed into additional living spaces or storage (subject to planning permission), adding significant potential for further development.

Investment Analysis

(NG5 area)

Below Market Value

This property is priced -43.1% below area average per sq ft

-43.1%
Potential saving
This Property
£140/sq ft
Area Average
£246/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£493,234
10% above area average per sq ft
Potential ROI
+56.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
99
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (NG5)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +7.4%
5 year growth: +22.4%
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, NG5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£910
Based on a loan of £191,250 over 30 years at 3.97% 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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