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East Midlands
£175,000
Listed on 21/09/2026
Listed on 21/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This three-bedroom semi-detached property in Old Basford is presented at a guide price of £175,000, which aligns with local averages at £218/sqf. While the price appears reasonable, the overall renovation economics are a concern, as the combined purchase and renovation costs stretch the budget against local benchmarks for a property of this size. The potential for value creation exists, particularly as the property requires updating throughout, offering a fresh canvas for buyers to modernise and personalise it to their tastes.
The generous living spaces, including well-proportioned rooms and the added benefit of off-road parking and a private enclosed garden, enhance its appeal. The dated kitchen and bathroom, along with general wear in several areas, signal a clear opportunity for improvement. However, prospective buyers should consider the overall investment needed to bring the property up to date and the potential risks that come with stretched all-in costs versus local averages.
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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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