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Elkesley Place, Elkesley Road, Meden Vale NG20 - Image 1
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Elkesley Place, Elkesley Road, Meden Vale NG20 - Image 3

Elkesley Place, Elkesley Road, Meden Vale NG20

East Midlands

£125,000
Listed on 13/11/2025

Property Details

Bedrooms
2
Type
Terraced house

Description

This two-bedroom terrace property, located in a charming village setting, presents a compelling opportunity for renovation and investment. Currently requiring updates, it offers a blank canvas for those looking to infuse modern design and function into a traditional framework. The absence of an upward chain facilitates a smoother transaction process for potential buyers. The layout features a welcoming hallway that leads into a generous lounge/dining area, measuring approximately 25'9" by 12'2". This space is illuminated by natural light from the double-glazed bay window at the front and another window at the rear, providing versatile options for entertaining or relaxing. The room is equipped with two radiators and an electric fire, which could easily be replaced or upgraded based on personal preferences. The compact kitchen, measuring 10'0" by 7'8", includes essential wall and base units along with space for freestanding appliances. An adjoining breakfast bar adds practicality to the kitchen area. The utility space under the stairs and double-glazed side window contribute to its functionality. On the first floor, two well-proportioned bedrooms await. The larger bedroom spans about 15'8" by 10'5", featuring a radiator and front-facing window, while the second bedroom measures approximately 13'1" by 9'1" with rear views. A shower room completes the upstairs layout, offering essential amenities including a shower cubicle and built-in storage. Outside, the property benefits from front and rear gardens that enhance its curb appeal. Accessed via a service road, off-street parking is available at the back along with an outdoor storage space. This combination of features not only fosters comfort but also opens doors for modifications that could increase property value. Situated in a village location known for its community feel and accessibility to local amenities, this property is positioned well for future growth, making it an attractive prospect for investors or first-time homeowners willing to undertake renovations.

Investment Analysis

(NG20 area)
Area Average
£187/sq ft
Avg Rent (weekly)
£194
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NG20)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 5.4%
5 year growth: 32.5%
Investment Disclaimer: Analysis based on NG20 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.

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Location

Elkesley Place, Elkesley Road, Meden Vale NG20
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