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East Midlands
£185,000
Listed on 24/09/2026
Listed on 24/09/2026
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 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.
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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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