Derby Grove, Lenton, Nottingham, NG7
- PROPERTY TYPE
Terraced
- BEDROOMS
4
- BATHROOMS
3
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Excellent investment opportunity
- Prime Lenton investment location
- Substantial Victorian terrace
- Four bedrooms
- Excellent value-add opportunity
- Partially refurbished and ready for completion
- Strong potential for rental income
- Ideal for investors, developers or owner-occupiers
- Close to University of Nottingham & Jubilee Campus
- Potential for strong BRR - Buy, Refurb, Resale.
Description
GUIDE PRICE £180,000 -£200,000
If you're looking for a Nottingham property where the money is made through the purchase and the transformation, this is one to have on your radar.
Set in Lenton, one of Nottingham's biggest property investment markets, this substantial Victorian terrace offers a rare chance to take a property with plenty of accommodation and turn it into something significantly more valuable. The house is already well underway, meaning the opportunity is not simply to buy and hold — it's to finish, improve and unlock the value sitting within the building.
The existing layout provides four bedrooms, generous reception space, a sizeable kitchen space and bathroom accommodation across the property. Depending on the purchaser's strategy and the relevant permissions, the finished property could lend itself to a range of investment approaches, from a high-quality professional or family rental through to a strong student-focused investment. The generous room sizes and location close to the University of Nottingham, Jubilee Campus and Queen's Medical Centre create a particularly interesting proposition for the rental market.
For an investor, the attraction is straightforward: buy a property requiring work, control the refurbishment, add value and create the finished product the market wants. There is scope to put your own specification throughout rather than paying a premium for someone else's renovation.
With Lenton's established rental demand and the amount of accommodation already within the property, there is potential to target strong rental income and healthy margins once the refurbishment is complete, subject of course to the final specification, purchase price, refurbishment costs and chosen rental strategy.
This is not a turn-key purchase — and that's exactly where the opportunity lies. For investors actively looking for their next value-add project in Nottingham, this could be the one to run the numbers on.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Rear garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ground floor
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Visit our security centre to find out moreDisclaimer - Property reference Derby Grove Lenton. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Woodstead Sales & Lettings, Nottingham. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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