Derby Grove, Lenton, Nottingham, NG7

Key features

• Excellent investment opportunity
• Prime Lenton investment location
• Substantial Victorian terrace
• Four bedrooms
• Three bathrooms
• Excellent value-add opportunity
• Partially refurbished and ready for completion
• Strong potential for rental income
• Ideal for investors, developers or owner-occupiers
• Close to the University of Nottingham and Jubilee Campus
• Potential for a strong Buy, Refurb, Resale strategy

Description

Lenton Value-Add Project – Attention Investors

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 is 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 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.

Floorplan

Property location

Derby Grove, Lenton, Nottingham, NG7.