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Exeter Road, Forest Fields, Nottinghamshire NG7 - Image 1
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Exeter Road, Forest Fields, Nottinghamshire NG7

East Midlands

£170,000
Listed on 13/08/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This terraced house has been thoughtfully converted into two self-contained flats, presenting a unique opportunity for investors seeking to enhance their property portfolio. Each flat is designed with practical living in mind, featuring a double bedroom, a reception area, a kitchen equipped with essential amenities, and a three-piece bathroom. This layout caters well to potential tenants, making it appealing for both professionals and students. The property benefits from on-street parking at the front and boasts a low-maintenance courtyard in the rear, providing an outdoor space that is functional without requiring excessive upkeep. There is also significant renovation potential as the structure can be reverted back into a spacious family home, adding versatility to its appeal. Located in an area known for its excellent transport links, residents will find it easy to access Nottingham City Centre along with various local shops and amenities. This prime positioning adds to the property's attractiveness as an investment or future residence. The ground floor flat includes laminate flooring throughout and features a welcoming entrance hall leading into the well-proportioned spaces, including a bright living room with a fireplace and a fully-fitted kitchen. The first-floor flat mirrors this setup with similar attributes that enhance livability while maintaining functionality. Investors will appreciate the readiness of this property for rental opportunities along with the potential for value addition through renovations. Given its cash buyer preference and current configuration as flats, it offers not just immediate returns but also long-term possibilities for those looking to make changes or improvements in the future. Overall, this property stands out as a solid investment in a location that shows promise for continued growth and development.

Investment Analysis

(NG7 area)
Area Average
£225/sq ft
Avg Rent (weekly)
£316
Avg Yield
8.2%

Renovation Potential

Est. Renovation Cost
£17,000 - £42,500
10-25% of property value
Monthly Sales
22
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (NG7)

Area prices are stable by +1.2% over the last 12 months
3 year growth: 9.6%
5 year growth: 26.1%
Investment Disclaimer: Analysis based on NG7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Exeter Road, Forest Fields, Nottinghamshire NG7
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