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Russell Drive, Wollaton, Nottingham NG8

East Midlands

£450,000

Listed on 14/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1176 sqft

Description

Nestled in a desirable area of Wollaton, this four-bedroom detached residence presents a unique opportunity for those looking to personalize and enhance their living space. With a larger than average plot, the property is conveniently located just a short stroll from Martins Pond Nature Reserve and Fernwood Schools, making it ideal for families. The home boasts the potential for expansion to the side and rear, contingent upon obtaining the necessary planning permissions. This mature plot features off-road parking accommodating several vehicles and offers a tranquil setting with established trees and shrubs in the generous rear garden. Inside, traditional elements can be found throughout, such as a feature fireplace in the spacious living room, complemented by a cozy multi-fuel burner in the snug room. The extended kitchen includes a dining area at the back of the house, providing ample space for family gatherings. Accommodation includes an entrance porch, a convenient downstairs WC, and four bedrooms upstairs — three of which are doubles — along with a family bathroom. This property not only allows you to enjoy its current comforts but also invites you to explore various renovation possibilities that could significantly enhance its value.

Investment Analysis

(NG8 area)

Above Market Value

This property is priced +43.9% above area average per sq ft

+43.9%
This Property
£383/sq ft
Area Average
£266/sq ft
Avg Rent (weekly)
£275
Avg Yield
5.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£344,098
10% above area average per sq ft
Potential ROI
-31.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NG8)

Area prices are stable by +1.2% over the last 12 months
3 year growth: +6.5%
5 year growth: +12.5%
Investment Disclaimer: Analysis based on NG8 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

Russell Drive, Wollaton, Nottingham NG8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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.

Stamp Duty Calculator

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