Forester Road Development, Nottingham, NG3
NO

Forester Road Development, Nottingham, NG3

By Northwood

£ 595,000

Reviews

3 out of 5 stars

Northwood says ..

Northwood is excited to present two properties: a three-bed detached property and a three-bed semi-detached property converted into four apartments. This listing includes planning permission for further extensions, creating a total of 8 apartments consisting of seven two bed apartments and one...

Property Oracle says ..

This property on Forester Road, Nottingham, presents as a semi-detached house with potential for redevelopment. The listing details suggest it may be converted into multiple apartments in the near future, which could significantly alter its value and appeal. The property’s current state seems to be a reasonable condition, but modernisation and renovation would likely enhance its attractiveness to potential buyers. The location in Carlton Hill offers a balance between convenient access to schools and amenities and proximity to Nottingham city centre, although it may be further out than some buyers would prefer. The small garden space is a limitation, but might suffice depending on buyer preferences. The list price of £595,000 requires careful consideration in light of comparable properties in the area. Given the planned development, this price could prove justified if the conversion goes as planned. However, the risk associated with such developments needs to be assessed carefully. The information on property sizes is incomplete which prevents a more precise assessment of the price per square foot and whether it represents good value. A buyer should weigh the advantages of the location and potential redevelopment against the cost and associated uncertainties.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
4
Bedrooms
4
Bathrooms
4
Sqft (est)
427.00

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
256,818.00 £
Increased by 11.34 %
from 230,667.00 £
Est sale value
140,910.00 £
Increased by 3.77 %
from 135,786.00 £
Average area rental value
1,206.00 £/mo
Increased by 37.51 %
from 877.00 £/mo
Est letting value
427.00 £/mo
Unchanged by 0.00 %
from 427.00 £/mo
Est rental Yield
5.64 %
Increased by 23.68 %
from 4.56 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Northwood created the listing.

Nearby Schools

NameTypeOfstedDistance
Porchester Junior SchoolAcademy ConverterGood0.28 KM
Thorneywood Education BaseMiscellaneous0.34 KM
Hogarth AcademyAcademy ConverterGood0.55 KM
Standhill Infants' SchoolCommunity SchoolGood0.78 KM
St. Ann'S North Children'S CentreChildren's Centre1.27 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
The Beeches £ 150,00000.00 KM
Hawthorn Walk £ 000.00 KM
Kelvin Road £ 000.00 KM
Carlton Road £ 210,00000.00 KM
Bowland Close £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT4.05 KM
Netherfield6241NET4.37 KM
Carlton6201CTO4.42 KM
Burton Joyce6200BUJ8.68 KM
Bulwell1865BLW9.21 KM

Nearby Listings

AddressPriceTypeScoreDistance
Forester Road Development, Nottingham, NG3 £ 595,000BUY6 / 100.00 KM
Forester Road, Nottingham £ 375,000BUY6 / 100.02 KM
Forester Road, Nottingham, Nottinghamshire, NG3 6LP £ 150,000BUY6 / 100.02 KM
Cherrywood Gardens, Carlton, Nottinghamshire, NG3 6LR £ 240,000BUY7 / 100.12 KM
Porchester Road, Nottingham £ 425,000BUY7 / 100.15 KM

Nearby Properties

AddressPriceDistance
2 Forester Road £ 110,0000.00 KM
37a Forester Road £ 155,0000.00 KM
33 Forester Road £ 250,0000.04 KM
37b Forester Road £ 95,0000.04 KM
30 Forester Road £ 175,0000.04 KM