Derby Road, Nottingham
HA

Derby Road, Nottingham

By haart

£ 340,000

Reviews

2 out of 5 stars

haart says ..

GUIDE PRICE £340,000 - £360,000 - Nestled in the heart of a sought-after neighbourhood, These two 1 & 2 bed self contained flats would be a great addition to any investors portfolio. In a prime location for the university of Nottingham and QMC along with great transport links

Property Oracle says ..

This property, located on Derby Road in Nottingham’s Lenton & Wollaton East area, is a three-bedroom, two-bathroom house listed at £340,000. Its proximity to Nottingham University and the Queens Medical Centre is a major plus, making it potentially attractive to students, university staff, and hospital employees. The surrounding area also benefits from several well-regarded schools within walking distance. However, information about the property’s specific street and immediate neighbourhood is lacking, hindering a full appraisal of location quality. The property itself, as depicted in the photos, presents a mixed picture. While structurally sound, the interior needs modernisation and updating. The rooms are somewhat dated, with carpeting that looks worn and walls with some patches needing attention. A lack of garden is a significant drawback. Considering that the sqft data is provided for this property, but not for most of the nearby listings, it’s difficult to determine its value. The list price sits amidst a range of values in the surrounding area, suggesting it’s not drastically overpriced, but potentially not an exceptional bargain either. Overall, while the location is a key strength and proximity to essential amenities are positive factors, the property’s condition and lack of outdoor space need to be weighed against the price to determine its suitability for prospective buyers. Potential buyers should prioritize a thorough in-person inspection to accurately gauge the overall state of the property and compare the actual square footage with the provided figure. Further research into the specific characteristics of the immediate street is also important. The absence of a garden will greatly influence decision making for those looking for outdoor space.

Therefore, we give this property 4 / 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
1
Bedrooms
3
Bathrooms
2
Sqft (est)
890.61

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
227,385.00 £
Decreased by 19.26 %
from 281,611.00 £
Est sale value
213,746.40 £
Decreased by 19.46 %
from 265,401.78 £
Average area rental value
1,344.00 £/mo
Increased by 32.28 %
from 1,016.00 £/mo
Est letting value
890.61 £/mo
Unchanged by 0.00 %
from 890.61 £/mo
Est rental Yield
7.09 %
Increased by 63.74 %
from 4.33 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • haart created the listing.

Nearby Schools

NameTypeOfstedDistance
Nottingham University Academy Of Science And TechnologyFree SchoolsGood0.83 KM
Edna G. Olds AcademyAcademy ConverterOutstanding0.92 KM
Dunkirk Primary And Nursery SchoolCommunity SchoolGood0.97 KM
Dunkirk, Lenton And Lenton Abbey Children'S CentreChildren's Centre0.99 KM
University Of NottinghamHigher Education Institutions1.00 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Nazareth Court £ 175,00000.00 KM
Friar Street £ 000.00 KM
Lenton Boulevard £ 000.00 KM
Stansfield Street £ 000.00 KM
Wollaton Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT3.83 KM
Beeston1625BEE4.24 KM
Bulwell1865BLW5.97 KM
Attenborough1624ATB7.27 KM

Nearby Listings

AddressPriceTypeScoreDistance
Derby Road, Nottingham £ 340,000BUY4 / 100.00 KM
327 and 327A Derby Road, Nottingham NG7 2DZ £ 220,000BUY6 / 100.00 KM
Derby Road, Lenton £ 400,000BUY6 / 100.06 KM
Gregory Court, Lenton, Nottingham £ 325,000BUYUnknown0.11 KM
Arnesby Road, Lenton £ 375,000BUY7 / 100.13 KM

Nearby Properties

AddressPriceDistance
2 Rathmines Close £ 160,0000.09 KM
4 Rathmines Close £ 232,0000.09 KM
5 Rathmines Close £ 310,0000.09 KM
1 Rathmines Close £ 240,0000.09 KM
12 Gregory Court £ 140,0000.12 KM