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Meldreth Road, Bilborough, Nottingham, NG8 - Image 1
Meldreth Road, Bilborough, Nottingham, NG8 - Image 2
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Meldreth Road, Bilborough, Nottingham, NG8

East Midlands

£230,000

Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1098 sqft

Description

This three-bedroom detached family residence presents an excellent investment opportunity in the sought-after area of Bilborough. Set on a generously sized plot, the property is ripe for extension and enhancement, pending the necessary planning permissions. The home is currently well-maintained and features an inviting entrance hallway, a downstairs WC, and a fitted kitchen that leads to a comfortable living room. The extended sunroom at the rear adds valuable space, while a side lobby conveniently connects to the upper floor where you'll find three bedrooms and a family bathroom. Off-road parking is available at the front, allowing access to a brick-built carport that could be converted into a garage. The rear garden includes additional hard standing areas, further expanding its potential for landscaping or extensions.

Investment Analysis

(NG8 area)

Below Market Value

This property is priced -21.6% below area average per sq ft

-21.6%
Potential saving
This Property
£209/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£283
Avg Yield
5.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£322,543
10% above area average per sq ft
Potential ROI
+19.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
50
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NG8)

Area prices are stable by +0.7% over the last 12 months
3 year growth: +5.7%
5 year growth: +12.2%
Investment Disclaimer: Analysis based on NG8 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

Meldreth Road, Bilborough, Nottingham, NG8
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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
£821
Based on a loan of £172,500 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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