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Melford Road, Nottingham, Nottinghamshire, NG8 4AF

East Midlands

£125,000Guide Price

Listed on 15/07/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
941 sqft

Description

This three-bedroom semi-detached property is positioned on a generous plot, featuring well-established gardens that offer significant potential for enhancement. While the home has been well maintained over the years, it presents a prime opportunity for buyers looking to invest in renovation and modernisation. With spacious living areas, including two reception rooms and a downstairs WC, the layout is conducive to family living or entertaining friends. Upon entering through the uPVC porch, you're greeted by a central hallway that leads to various accommodations, with stairs accessing the first floor. The lounge stands out as a bright and inviting space, centered around a gas fire with back boiler — an appealing feature enhanced by the natural light from its large double-glazed window. This flows seamlessly into the dining room where you can enjoy views of the tranquil rear garden. The kitchen, while functional with its wall and base units, will benefit from updates to meet modern tastes and includes plumbing for your convenience. Adjacently, a side porch provides additional entry access and leads directly to the outdoor spaces. Upstairs are three bedrooms: two spacious doubles with built-in storage options, plus a single room suitable for various uses such as a child's bedroom or home office. The family bathroom features essential amenities but again presents an opportunity for improvement. The property truly shines outdoors with expansive gardens wrapping around the home—ideal for those who appreciate gardening or desire more outdoor space for recreation. A side storage area adds practicality for tools and equipment. This home's need for some TLC offers new owners the chance to craft their ideal residence while potentially increasing its value. It's an excellent choice for families or first-time buyers eager to embark on a rewarding renovation project.

Investment analysis

(NG8 area)

Below Market Value

This property is priced -50.3% below area average per sq ft

-50.3%
Potential saving
This Property
£133/sq ft
Area Average
£267/sq ft
Avg Rent (weekly)
£264
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£276,527
10% above area average per sq ft
Potential ROI
+84.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG8)

Area prices are stable by +0.6% over the last 12 months
3 year growth: +5.2%
5 year growth: +11.4%
Investment Disclaimer: Analysis based on NG8 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

Melford Road, Nottingham, Nottinghamshire, NG8 4AF
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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
£472
Based on a loan of £93,750 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.

Stamp duty calculator

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