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Spring Lane, Mapperley, Nottingham NG3

East Midlands

£500,000
Listed on 29/04/2026

Property Details

Bedrooms
N/A
Type
Land

Description

Presenting a unique opportunity to acquire a freehold development site approximately 0.97 acres in size, located on Spring Lane in the desirable Mapperley area of Nottingham. This site boasts stunning, unobstructed views of the surrounding countryside to the north-east, making it an attractive location for potential redevelopment. The existing derelict property offers scope for a transformative project, with possibilities ranging from refurbishment of the current structure to the construction of a larger residential scheme, contingent upon obtaining necessary planning permissions. Conveniently situated near Gedling Country Park and Mapperley Golf Club, residents will appreciate access to outdoor recreational spaces as well as local amenities such as Spring Lane Farm Shop and reputable schools like Arnold Hill Spencer Academy. Furthermore, transportation links are easily accessible, connecting you to Nottingham City Centre and beyond. Given that there are no current planning permissions in place, this site presents an excellent blank canvas for investors or developers seeking to capitalize on its full potential. Viewings are strictly via appointment with the selling agent.

Investment Analysis

(NG3 area)
Area Average
£251/sq ft
Avg Rent (weekly)
£238
Avg Yield
5.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG3)

Area prices are falling by -5.5% over the last 12 months
3 year growth: -5.5%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on NG3 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

Spring Lane, Mapperley, Nottingham NG3
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,784
Based on a loan of £375,000 over 30 years at 3.97% 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

This calculation uses non-residential (land/commercial) tax rates.

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