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Woodborough Road, Nottingham

East Midlands

£265,000

Listed on 01/06/2026

Property Details

Bedrooms
1
Type
Town House
Area
1475 sqft

Description

This property presents a promising investment opportunity with granted planning permission for transformation into a five-room House in Multiple Occupation (HMO). Currently, it comprises commercial space on the ground floor and residential units above, creating a versatile foundation for redevelopment. The approved project includes converting the ground-floor commercial area into living quarters while adding a two-storey rear extension and performing loft conversions to create additional letting rooms, each equipped with en-suite shower facilities. The layout is designed to enhance communal living with an open-plan kitchen and lounge area, fostering social interaction among tenants. The new arrangement will feature four bedrooms on the first floor, all benefiting from en-suite amenities and one significant bedroom located in the loft with ample space and natural light from planned rooflights. The exterior will also undergo significant updates, shifting away from its commercial aesthetic to align more closely with residential properties, thus enhancing its appeal as a rental investment. The existing basement provides additional storage capacity which can support operational functions post-conversion. With local amenities and robust transport links nearby, this location is well-suited for attracting a diverse tenant demographic upon project completion.

Investment Analysis

(NG3 area)

Below Market Value

This property is priced -28.5% below area average per sq ft

-28.5%
Potential saving
This Property
£180/sq ft
Area Average
£251/sq ft
Avg Rent (weekly)
£227
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£120,000 - £180,000
Target Value
£407,491
10% above area average per sq ft
Potential ROI
-8.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG3)

Area prices are falling by -3.7% over the last 12 months
3 year growth: -4.8%
5 year growth: +7.8%
Investment Disclaimer: Analysis based on NG3 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

Woodborough Road, Nottingham
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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
£1,001
Based on a loan of £198,750 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.

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