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Spring Lane, Mapperley, Nottingham NG3 - Image 1
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Spring Lane, Mapperley, Nottingham NG3

East Midlands

£500,000
Listed on 27/03/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This is a unique opportunity to acquire a freehold development site of approximately 0.97 acres in Mapperley, Nottingham. The property currently features a derelict structure, offering substantial potential for redevelopment into new residential units or an individual dwelling, subject to necessary planning approvals. With scenic countryside views to the north-east, this location presents an attractive setting for future occupants. Conveniently located close to Gedling Country Park and Mapperley Golf Club, the site also benefits from proximity to local amenities including Spring Lane Farm Shop and reputable schools like Arnold Hill Spencer Academy. Additionally, excellent road access ensures easy connectivity to Nottingham City Centre and surrounding areas. Please note that there are currently no existing planning permissions associated with the site, allowing prospective buyers the flexibility to explore various development avenues.

Investment Analysis

(NG3 area)
Area Average
£249/sq ft
Avg Rent (weekly)
£237
Avg Yield
5.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
40
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NG3)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -4.0%
5 year growth: +11.6%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,803
Based on a loan of £375,000 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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