Summary - 115 EXETER ROAD NOTTINGHAM NG7 6LR
3 bed 1 bath Terraced
Ready-income Victorian terrace needing modernisation — auction sale, ideal for investors.
Freehold three-bedroom Victorian mid-terrace with period features
Fully let producing £8,400pa, rising to £9,000pa in November
Requires modernization and external repairs throughout
Small rear courtyard; compact plot size
Above-average local crime and very deprived area classification
Sale by public auction; public notice/repossession flagged
Excellent public transport links and fast broadband
Less than 2 miles from Nottingham city centre
A freehold, three-bedroom mid-terrace Victorian house in New Basford offering immediate rental income and long-term uplift potential. Currently fully let and producing a gross annual income of £8,400, rising to £9,000 from November, the property is aimed squarely at buy-to-let investors or portfolio buyers seeking a ready-made return.
The house retains period features such as bay windows, high ceilings and cornices, and has a practical layout: lounge, dining room and kitchen on the ground floor, two bedrooms and a bathroom on the first, with the master bedroom on the second floor. There is a good-sized courtyard to the rear, and the location benefits from excellent public transport links and fast broadband, under two miles from Nottingham city centre and surrounded by local shops and amenities.
The property requires modernization and external repairs; dated interiors and a need for general updating are evident. The area is classed as very deprived with above-average crime levels, and the sale will be by public auction (public notice/repossession flagged), so buyers should allow time for auction procedures and tenancy checks. The plot is small, and the house will suit investors comfortable managing tenants and refurbishment projects rather than owner-occupiers seeking move-in condition.
Overall this is a straightforward investment lot: period character, immediate income and close city access, balanced against refurbishment needs, local area challenges and an auction sale process.
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