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Homefield Avenue, Arnold, Nottingham NG5 - Image 1
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Homefield Avenue, Arnold, Nottingham NG5

East Midlands

£250,000
Listed on 04/04/2026

Property Details

Bedrooms
3
Type
Detached

Description

This detached property is situated in a sought-after residential area of Arnold, Nottingham, presenting a notable opportunity for renovation and customization. With three spacious bedrooms and a well-laid out floor plan, the home features both front and rear gardens, along with a driveway and garage for added convenience. The property is available with no onward chain, making it an attractive option for those looking to invest in a project that holds potential for value enhancement. Upon entry through the porch, you are welcomed into a generous lounge diner enhanced by characteristic exposed beams and a fireplace. Sliding patio doors flood the space with natural light and provide seamless access to the rear garden—ideal for family gatherings or entertaining. The kitchen is sizable with existing wall and base units as well as a breakfast bar, but offers extensive scope for reconfiguration to meet modern tastes. The first floor hosts three well-proportioned bedrooms including a sizable principal room, along with a family bathroom complete with practical amenities yet ready for updating. The outdoor spaces include an enclosed garden with mature trees and shrubs that can be transformed through landscaping. This property requires modernisation throughout but presents an excellent canvas to create an exceptional family home tailored to personal preference, making it perfect for buyers eager to embark on a renovation venture.

Investment Analysis

(NG5 area)
Area Average
£247/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
92
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (NG5)

Area prices are stable by +0.9% over the last 12 months
3 year growth: +7.5%
5 year growth: +23.0%
Investment Disclaimer: Analysis based on NG5 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

Homefield Avenue, Arnold, Nottingham NG5
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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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