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514 Vernon Road, Nottingham, NG6 0BA - Image 1
514 Vernon Road, Nottingham, NG6 0BA - Image 2
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514 Vernon Road, Nottingham, NG6 0BA

East Midlands

£75,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terraced house presents a compelling investment opportunity in the vibrant area of Old Basford. Conveniently situated near essential amenities such as pubs, shops, and restaurants, it is also within easy reach of public transport, including David Lane Tram Stop and various bus services. Just 2.5 miles from Nottingham city centre and offering quick access to the M1 via junction 26, this property is well-positioned for both residential living and rental potential. The ground floor comprises a living room, dining room, kitchen, and family bathroom, while the first floor features three bedrooms. A generously sized courtyard adds outdoor space to the property. Although requiring comprehensive refurbishment throughout, this house is ideal for developers and investors seeking a project with significant upside potential.

Investment Analysis

(NG6 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£214
Avg Yield
5.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (NG6)

Area prices are rising by +2.5% over the last 12 months
3 year growth: +6.2%
5 year growth: +27.3%
Investment Disclaimer: Analysis based on NG6 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

514 Vernon Road, Nottingham, NG6 0BA
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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
£268
Based on a loan of £56,250 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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