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Onchan Avenue, Carlton, Nottingham - Image 1
Onchan Avenue, Carlton, Nottingham - Image 2
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Onchan Avenue, Carlton, Nottingham

East Midlands

£185,000

Listed on 24/09/2026

The listing

Property details

Bedrooms
3
Type
Semi Detached
Area
743 sqft

Description

This three-bedroom semi-detached house presents a promising investment opportunity in the established Carlton area. While the property requires extensive refurbishment and modernisation, it offers significant potential for value enhancement through thoughtful renovations. The spacious layout includes a 'through' lounge, kitchen, conservatory, and a ground-floor WC. On the first floor, three well-proportioned bedrooms, a separate bathroom, and WC provide ample scope for improvement and reconfiguration to meet contemporary buyer expectations. Externally, the property boasts a private rear garden, driveway parking, and a garage—features that are highly desirable for both owner-occupiers and tenants alike. Conveniently located near local shops, schools, parks, and excellent transport links, this property is situated in a region of consistent residential demand. The surrounding area offers a variety of amenities, including supermarkets and recreational spaces, making it an attractive option for potential buyers. This property is ideal for investors looking for a refurbishment project or first-time buyers willing to take on a renovation challenge. With vision and effort, this home can be transformed into something truly special. Viewing is highly recommended to appreciate the accommodation, location, and potential on offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

41out of 100
Grade ELow opportunity

Confidence: MEDIUM

This three-bedroom semi-detached property in Carlton presents a solid renovation project, albeit with challenges. Priced at £185,000, it sits 3.7% below the local average £/sqf, making it a reasonable entry point for investors looking to create value. However, the overall economics are a concern, as the combination of the purchase price and the estimated renovation costs leaves the all-in budget quite stretched compared to the local market benchmarks for this floor area.

The property boasts a spacious 'through' lounge and a layout that offers ample scope for improvement and reconfiguration to meet modern standards. The dated kitchen and bathroom, along with worn carpets and peeling paint throughout, signal significant work ahead. The overgrown garden adds another layer to the project, but it also provides an opportunity to enhance outdoor space and curb appeal. While the location is advantageous with good local amenities and transport links, the extensive refurbishment needs mean this is not a light refresh but a full-gut programme. Investors with vision can certainly transform this property into a desirable home or rental investment.

Key opportunities

  • Spacious 'through' lounge allows for creative layout options and modernisation.
  • The potential to enhance the private garden space for outdoor living.
  • Opportunity to update dated fixtures in the kitchen and bathroom for modern appeal.

Key risks

  • Stripped interiors and a £50,000–£100,000 works budget make this a full-gut programme, not a refresh.
  • Factor in roughly £260,000 before you finish, with refurbishment in the region of £75,000 — roughly 26% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.

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Map

Location

Onchan Avenue, Carlton, Nottingham
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£699
Based on a loan of £138,750 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.

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