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Melton Road, Tollerton, Nottingham

East Midlands

£450,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Detached
Area
1553 sqft

Description

This well-established family home in the village of Tollerton has been cherished by the current owners for three decades. As they prepare for retirement and a smaller residence, they leave behind a property with significant potential for the next owner. While the house is fully habitable and offers immediate comfort, there are opportunities to personalize and enhance further. One notable feature is the converted second reception room, functioning effectively as a ground floor bedroom, enabling versatile living arrangements or additional space for guests. The existing layout can comfortably accommodate four double bedrooms and provides ideal conditions for self-contained living. The property's renovation plans to replace the conservatory with an expansive open-plan breakfast kitchen and living area offer a transformative vision that raises the heart of this home to new heights. These professionally drawn plans are available for review, representing an exciting opportunity for any prospective buyer to realize their dream design. The garden is another highlight, providing a private retreat with ample room for cultivation, including vegetable beds and soft fruit areas, along with a greenhouse and peaceful seating spots — perfect for summer enjoyment. Although situated on a main road, residents have found that traffic noise becomes less noticeable over time, allowing for peaceful outdoor enjoyment. Tollerton presents a fantastic environment for families, boasting an excellent primary school and friendly neighbors. Convenient shopping options are nearby, with easy access to both city amenities and countryside attractions. Plus, local pubs like the Air Hostess add to community charm within moments from home. With its generous corner plot featuring ample driveway parking and landscaped gardens to both front and rear, this property holds remarkable potential waiting to be unlocked.

Investment Analysis

(NG12 area)

Below Market Value

This property is priced -7.6% below area average per sq ft

-7.6%
Potential saving
This Property
£290/sq ft
Area Average
£314/sq ft
Avg Rent (weekly)
£300
Avg Yield
3.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£535,894
10% above area average per sq ft
Potential ROI
+9.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG12)

Area prices are falling by -3.5% over the last 12 months
3 year growth: -3.0%
5 year growth: +2.6%
Investment Disclaimer: Analysis based on NG12 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

Melton Road, Tollerton, 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
£1,605
Based on a loan of £337,500 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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