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Salcombe Road, Basford

East Midlands

£160,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
778 sqft

Description

This three-bedroom semi-detached house presents a significant opportunity for renovation in a desirable residential area. Ideal for buyers aiming to personalize their home or developers seeking a project, the structure features an entrance hall leading to multiple living spaces including a reception room, a second reception room with French doors opening to the garden, and a ground floor WC. The first floor comprises three bedrooms and a fitted bathroom. Outside, an enclosed rear garden offers potential for landscaping while on-road parking is readily available. The property is being sold with no onward chain, making it easier to envision the transformative possibilities that await.

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Investment analysis

(NG5 area)

Below Market Value

This property is priced -15.2% below area average per sq ft

-15.2%
Potential saving
This Property
£206/sq ft
Area Average
£243/sq ft
Avg Rent (weekly)
£218
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£207,532
10% above area average per sq ft
Potential ROI
+12.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
75
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NG5)

Area prices are stable by +0.3% over the last 12 months
3 year growth: +8.3%
5 year growth: +22.7%
Investment Disclaimer: Analysis based on NG5 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

Salcombe Road, Basford
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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
£604
Based on a loan of £120,000 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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