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Stoney Lane, Selston, Nottingham NG16 - Image 1
Stoney Lane, Selston, Nottingham NG16 - Image 2
Stoney Lane, Selston, Nottingham NG16 - Image 3

Stoney Lane, Selston, Nottingham NG16

East Midlands

£230,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This spacious three-bedroom bungalow, set in a tranquil semi-rural location, presents a unique opportunity for renovation and investment. The generous plot allows for ample off-road parking and features an inviting porch that leads into a functional kitchen with adjoining dining area, equipped with essential appliances. The living room offers a welcoming space with a feature fireplace, while each bedroom provides the potential for personal touch and style. A utility room enhances practicality and could be transformed into a more integrated space if desired. Outside, the property boasts expansive outdoor areas ripe for landscaping or further development, including a sizeable lawn and patio area surrounded by hedges and timber fencing, ensuring privacy. With local amenities, public transport links, and scenic countryside walks just moments away, this bungalow is perfect for those looking to create their ideal forever home while adding value through modernization.

Investment Analysis

(NG16 area)
Area Average
£237/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NG16)

Area prices are rising by +2.7% over the last 12 months
3 year growth: 5.7%
5 year growth: 27.5%
Investment Disclaimer: Analysis based on NG16 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Stoney Lane, Selston, Nottingham NG16
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE