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Rochester Road, Rainworth, NG21

East Midlands

£170,000

Listed on 29/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
872 sqft

Description

This three-bedroom semi-detached house presents a valuable opportunity for those looking to invest in a property that holds significant renovation potential. Located in a sought-after residential area of the East Midlands, this home is devoid of any upward chain, making it an attractive proposition for buyers eager to make their mark. Upon entering, you are welcomed by a bright and spacious living area, which offers ample room for both relaxation and hosting gatherings. The kitchen is generously sized with fitted units that can inspire culinary creativity and family dining experiences. Upstairs, three versatile bedrooms provide options for personal use – whether as sleeping quarters or home office spaces. The existing three-piece bathroom suite serves its purpose but could easily be enhanced to meet modern standards. The property's exterior offers additional appeal; a well-maintained front lawn invites you in, while the substantial driveway accommodates multiple vehicles with ease. The detached garage adds both security and extra storage options. At the rear, a large private garden surrounded by fencing guarantees seclusion, ideal for family activities or peaceful retreats. This property truly represents a blank canvas for prospective homeowners aiming to infuse their style and preferences into every corner.

Investment Analysis

(NG21 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£195/sq ft
Area Average
£225/sq ft
Avg Rent (weekly)
£214
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£215,676
10% above area average per sq ft
Potential ROI
+2.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG21)

Area prices are falling by -8.9% over the last 12 months
3 year growth: -3.3%
5 year growth: +13.6%
Investment Disclaimer: Analysis based on NG21 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

Rochester Road, Rainworth, NG21
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£642
Based on a loan of £127,500 over 30 years at 4.45% 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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