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Plains Road, Mapperley

East Midlands

£950,000

Listed on 15/10/2024

Property details

Bedrooms
7
Type
Detached
Area
4732 sqft

Description

This substantial detached property on a sought-after road in Mapperley offers an impressive layout and significant renovation potential. Spanning approximately 4,000 sq ft, the home boasts original features such as fireplaces in each of the four reception rooms, contributing to its charm and character. The entrance hall leads to a kitchen equipped with fitted units and appliances, adjacent to a utility room for added convenience. The versatile layout includes a lounge, sitting room, dining room, and breakfast room, providing multiple options for use depending on your needs. The first floor houses four spacious double bedrooms with a sizable landing area and a family bathroom featuring both a bath and shower alongside an additional separate WC. The second floor comprises three more double bedrooms and another bathroom, making it ideal for larger families or those in need of extra space. A noteworthy aspect is the 750 sq ft coach house which consists of a tandem garage along with storage rooms and a gardener's WC, offering various possibilities for use. Outside, off-road parking is available for several vehicles, complemented by a large established rear garden that presents excellent opportunities for further landscaping or outdoor entertainment—and potentially even development subject to planning permission. Though the property requires modernisation throughout, it stands as an exceptional chance for astute buyers to craft their ideal home in a desirable neighbourhood close to Mapperley Top's amenities.

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Investment analysis

(NG3 area)

Below Market Value

This property is priced -19.6% below area average per sq ft

-19.6%
Potential saving
This Property
£201/sq ft
Area Average
£250/sq ft
Avg Rent (weekly)
£219
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£70,000 - £100,000
Target Value
£1,300,519
10% above area average per sq ft
Potential ROI
+23.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (NG3)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -0.8%
5 year growth: +8.0%
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

Plains Road, Mapperley
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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
£3,589
Based on a loan of £712,500 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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