New Basford, Nottingham
ME

New Basford, Nottingham

By Merritt Estates

£ 190,000

Reviews

2 out of 5 stars

Merritt Estates says ..

**FOR SALE THROUGH AUCTION** A fantastic investment opportunity. A three storied terraced house, comprising of three fully self-contained one bedroom apartments, all currently tenanted and achieving a strong gross rental yield of approximately 8.6%.

Property Oracle says ..

This property in New Basford, Nottingham, presents a mixed bag. The location is generally positive, with nearby schools receiving good Ofsted ratings and Nottingham train station accessible. However, the property itself requires attention. The kitchen and bathroom areas, particularly, exhibit wear and tear and could benefit from renovations. The photographs reveal a fair level of cleanliness but also indicate that significant updates are required to increase appeal. The limited plot size offers a small, under-developed garden. The price of £190,000 is in line with some comparable properties in the area but might be considered slightly high considering the present condition and the relatively small land area. A potential buyer would need to factor in the costs of necessary repairs and renovations before deciding on whether the property represents good value for money. Further information on the precise square footage of nearby properties would provide a more conclusive assessment of its value.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
5
Location
7
Land
3
Bedrooms
1
Bathrooms
1
Sqft (est)
505.58

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
229,536.00 £
Unchanged by 0.00 %
from 229,536.00 £
Est sale value
122,855.94 £
Unchanged by 0.00 %
from 122,855.94 £
Average area rental value
975.00 £/mo
Unchanged by 0.00 %
from 975.00 £/mo
Est letting value
505.58 £/mo
Unchanged by 0.00 %
from 505.58 £/mo
Est rental Yield
5.10 %
Unchanged by 0.00 %
from 5.10 %
Crime Rate
11.00 %
Unchanged by 0.00 %
from 11.00 %

Agent Activity

  • Merritt Estates created the listing.

Nearby Schools

NameTypeOfstedDistance
Claremont Primary And Nursery SchoolCommunity SchoolGood0.28 KM
Djanogly Sherwood AcademyAcademy Sponsor Led0.29 KM
Carrington Primary And Nursery SchoolCommunity SchoolGood0.53 KM
Djanogly City AcademyAcademy Sponsor LedGood0.66 KM
Forest Fields Primary And Nursery SchoolCommunity SchoolGood0.69 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
The Grove £ 160,00000.00 KM
Glendon Drive £ 260,00000.00 KM
The Grove £ 000.00 KM
Caledon Road £ 000.00 KM
Woodbridge Court £ 160,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT3.15 KM
Bulwell1865BLW5.03 KM
Beeston1625BEE7.70 KM
Hucknall1862HKN8.38 KM
Netherfield6241NET9.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Ivy Grove, Nottingham £ 120,000BUYUnknown0.05 KM
Flat 1, 2 and 3, 15 Beech Avenue, New Basford, Nottingham NG7 7LJ £ 190,000BUY4 / 100.05 KM
Alberta Terrace, Forest Fields, NG7 £ 140,000BUY5 / 100.06 KM
Fourth Avenue, Off Sherwood Rise, Nottingham £ 300,000BUY7 / 100.08 KM
Berridge Road, Forest Fields, Nottinghamshire, NG7 6LX £ 275,000BUYUnknown0.16 KM

Nearby Properties

AddressPriceDistance
35 Beech Avenue £ 195,0000.00 KM
45 Beech Avenue £ 110,0000.00 KM
27 Beech Avenue £ 210,0000.00 KM
19 Beech Avenue £ 40,1690.02 KM
10 Ivy Grove £ 76,0000.05 KM