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East Midlands
£45,000
Listed on 13/09/2026
Listed on 13/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: LOW
This one-bedroom ground floor flat presents a significant renovation opportunity for those looking to invest in a property that requires a complete overhaul. Priced at £45,000, this asking figure is notably below the local average of £140,869, allowing for potential value creation. The flat is in poor condition, with visible wear throughout, including dated decor and flooring in the living area, and outdated fixtures in the kitchen and bathroom. However, its location near Nottingham city centre and local amenities makes it an attractive option for prospective buyers willing to undertake a substantial project.
The property's layout offers a blank canvas for reconfiguration, allowing you to create a modern living space tailored to your needs. Given the heavy refurbishment scale, this will require a budget of £40,000 to £80,000 to bring it up to standard, encompassing kitchen and bathroom replacements, as well as extensive redecoration. While the current state of the flat is challenging, the potential to modernise and add value is significant, particularly for those with vision and the resources to execute the necessary works.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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