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Penshore Close, Nottingham

East Midlands

£180,000
Listed on 12/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This mid-terrace family home presents an excellent opportunity for those looking to invest in a property with significant potential in Nottingham. While the residence requires modernisation, it is competitively priced to reflect its current condition and comes with the advantage of no onward chain. Located within walking distance to local amenities and transport links, including the tram system, it offers great connectivity to Nottingham City Centre and surrounding motorways. The spacious hallway leads to a lounge, WC, and kitchen area, while stairs provide access to the first floor. The kitchen features basic fittings, including base units and essential appliances, yet is ripe for an upgrade that could enhance both functionality and aesthetics. The lounge/diner offers ample space and opens up to a manageable rear garden equipped with several outbuildings connected to electricity. Three well-sized bedrooms on the upper floor each have their own storage options, while a bathroom fitted with basic amenities provides room for improvement. Although currently in need of refurbishment, this home allows new owners or investors the chance to add personal touches that would markedly increase its appeal.

Investment Analysis

(NG11 area)
Area Average
£269/sq ft
Avg Rent (weekly)
£248
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG11)

Area prices are falling by -10.7% over the last 12 months
3 year growth: -11.7%
5 year growth: +16.4%
Investment Disclaimer: Analysis based on NG11 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

Penshore Close, Nottingham
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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
£642
Based on a loan of £135,000 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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