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Melbury Lane, Woodfields NN3 - Image 1
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Melbury Lane, Woodfields NN3

East Midlands

£200,000
Listed on 18/03/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This three-bedroom terrace property presents a solid investment opportunity, particularly for first-time buyers and savvy investors looking to capitalize on future appreciation. With no onward chain, it offers immediate availability and the potential for personal customization. The layout includes a welcoming entrance hall, a practical cloakroom, and a spacious lounge that opens to a kitchen/dining area that is ripe for renovation. The three well-proportioned bedrooms and spacious family bathroom provide ample living space, while an enclosed private garden adds outdoor potential. Off-road parking further enhances its appeal. Located in an area with convenient access to local amenities such as Weston Favell shopping centre and nearby schools, this property also benefits from easy transport links to major routes including the A45 and M1 motorway. Given its current condition and the need for modern updates primarily in the kitchen and general decor, this home stands as an excellent canvas for those looking to add value through thoughtful refurbishment.

Investment Analysis

(NN3 area)
Area Average
£295/sq ft
Avg Rent (weekly)
£260
Avg Yield
4.7%

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
67
Average per month
Market Turnover
49%
Properties sold annually

Local Market Trend (NN3)

Area prices are rising by +3.2% over the last 12 months
3 year growth: -0.1%
5 year growth: +15.2%
Investment Disclaimer: Analysis based on NN3 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

Melbury Lane, Woodfields NN3
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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