Main Street, Bulwell, Nottingham
RO

Main Street, Bulwell, Nottingham

By Robert Ellis

£ 1,250,000

Reviews

2 out of 5 stars

Robert Ellis says ..

Robert Ellis offers a large mixed-use site in Bulwell, Nottingham. (approx. 4,942m2) Featuring 6 residential houses with 18 bedrooms, 16 commercial units, and a large yard. With excellent transport links and development potential, this rare investment opportunity hasn't been on the market in ove...

Property Oracle says ..

This property in Bulwell, Nottingham, presents a complex investment opportunity. It’s a large mixed-use site comprising several residential and commercial units. The listing emphasizes its excellent transport links and development potential, highlighting the area’s proximity to Nottingham. However, the photographs reveal that the property requires substantial repairs and refurbishment. The residential areas are dated, with various rooms displaying visible wear and tear, outdated fittings, and clutter suggesting neglect. There are many problems visible in the images. Some walls have peeling paint, there are multiple ceiling imperfections, and several floors are stained and broken. The commercial spaces also appear rundown and require considerable work. Despite its significant land area, and its location being close to Nottingham and its transport links, the considerable need for extensive renovation work makes the property a high-risk investment. The listing’s price is above average for the immediate area, creating a considerable amount of risk. Any potential buyer should factor in substantial renovation costs, therefore the listing’s value would depend on the buyer’s capacity and the scope of the intended renovation project. Ultimately, the viability of this purchase hinges on a thorough assessment of renovation costs and a clear development strategy for the site.

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
3
Location
4
Land
7
Bedrooms
3
Bathrooms
1
Sqft (est)
1,000.00

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
535,000.00 £
Increased by 16.93 %
from 457,528.00 £
Est sale value
366,000.00 £
Increased by 82.09 %
from 201,000.00 £
Average area rental value
905.00 £/mo
Decreased by 41.61 %
from 1,550.00 £/mo
Est letting value
0.00 £/mo
from 0.00 £/mo
Est rental Yield
2.03 %
Decreased by 50.12 %
from 4.07 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Robert Ellis created the listing.

Nearby Schools

NameTypeOfstedDistance
Crabtree Farm Primary SchoolCommunity SchoolRequires improvement0.59 KM
Bulwell Children'S CentreChildren's Centre0.78 KM
Bulwell St Mary'S Primary And Nursery SchoolAcademy ConverterGood1.01 KM
Cantrell Primary And Nursery SchoolCommunity SchoolGood1.05 KM
Bulwell Forest Children'S CentreChildren's Centre1.11 KM

Images

2024-08-13-18-38-20-970.png DSC_4182.jpeg FRONT 1.jpg DSC_4164.jpeg 2.jpg DJI_0957.jpeg DSC_4230.jpeg DSC_4203.jpeg DSC_4224.jpeg DSC_4221.jpeg DJI_0960.jpeg 2024-08-13-18-36-20-011.png DJI_0972.jpeg DSC_4212.jpeg DSC_4188.jpeg DSC_4233.jpeg DSC_4170.jpeg DSC_4209.jpeg DSC_4191.jpeg DSC_4167.jpeg DSC_4173.jpeg DSC_4215.jpeg DSC_4185.jpeg DSC_4218.jpeg DSC_4194.jpeg DSC_4206.jpeg DSC_4269.jpeg DJI_0952.jpeg DJI_0962.jpeg 2024-08-13-18-37-20-385.png DSC_4179.jpeg DSC_4200.jpeg DSC_4161.jpeg DSC_4227.jpeg DSC_4197.jpeg DSC_4176.jpeg 3.jpg 4.jpg 5.jpg 6.jpg 7.jpg 8.jpg Plot 2.jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Brook Close £ 110,00000.00 KM
Bromley Close £ 000.00 KM
Charles Way £ 130,00000.00 KM
Filey Street £ 800,00000.00 KM
Imperial Road £ 130,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Bulwell1865BLW0.33 KM
Hucknall1862HKN4.61 KM
Nottingham1826NOT7.89 KM
Beeston1625BEE8.55 KM
Newstead1863NSD8.58 KM

Nearby Listings

AddressPriceTypeScoreDistance
Main Street, Bulwell, Nottingham. £ 2,050,000BUY5 / 100.00 KM
Main Street, Bulwell, Nottingham £ 1,250,000BUY5 / 100.00 KM
Brook Close, Nottingham £ 160,000BUY7 / 100.13 KM
15 Brook Close, Bulwell, Nottingham, Nottinghamshire, NG6 8NL £ 65,000BUY5 / 100.14 KM
Newmarket Road, Nottingham £ 125,000BUY7 / 100.21 KM

Nearby Properties

AddressPriceDistance
27 Brook Close £ 69,0000.14 KM
24 Brook Close £ 50,0000.14 KM
34 Brook Close £ 75,0000.14 KM
31 Brook Close £ 120,0000.14 KM
38 Brook Close £ 64,0000.14 KM