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See how verdicts work4-bedroom house · NG4 3FX
For saleReduced £10k (−3.3%) on 24 OctListed 576 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An outstanding development opportunity of a well-proportioned family home offering considerable space over 3 floors with large garden located on a desirable street in Gedling.
The house offers plenty of scope for personalisation and to add further value and it comes with planning approved for further enhancement of the ground floor area.
Set over 3 floors, it offers a loft that can be used as a fourth bedroom, home office, games room or creative studio.
From the road the warm red brick colour is visually complimented by the a-Rated, high security ‘Residence7’ windows and front door in dark forest green and recently upgraded soffits, facias, and guttering in white/black.
The driveway is partly block paved. A gate leads to a double-depth drive off space at the side of the house, currently used as a storage/bins area.
The entrance hall is bright and spacious, featuring original woodwork and a partially stripped wooden staircase, offering the opportunity for restoration.
The hallway seamlessly connects to the main living areas. The lounge/dining room is a generous open-plan space with a bay window at the front, flooding the room with natural light.
The rear section features a seating area with a wood-burning stove set in a traditional brick fireplace, adding warmth and character.
French doors open directly onto the garden, enhancing the connection between indoor and outdoor living. The kitchen features a separate pantry/storage area.
The rear door offers direct access to the garden.
Upstairs, the first-floor landing is carpeted and leads to three bedrooms: Two good-sized doubles and a versatile third bedroom suitable for use as a nursery, single bedroom or office.
The bathroom has been modernised with a white suite, a separate shower cubicle with a dual outlet mains pressure shower, complemented by grey tiling.
The converted loft (classed as bedroom four) is a accessed via a short staircase from the landing that features four panel casement window, flooding the landing and loft area with natural light.
This is a flexible and functional additional space, currently used as a home office.
The two skylights allow further light into this room, there is a wood-effect floor and many built-in storage cupboards within the eaves.
It is bright, practical and adaptable, easily transformed to a fourth bedroom, a games room or creative studio.
The spacious rear garden offers a mix of lawned area, a patio and borders with greenery, creating a practical and inviting outdoor space. It is fenced and fully secure.
The full width patio area provides ample room for seating/dining around an old apple tree. Other mature trees, shrubs, hedging and climbing plants enhance the sense of privacy.
The lawn leads to a substantial wooden garden shed that has electric, ideal for storage or a small workspace.
The property further benefits from a recently installed gas combi boiler, enhancing comfort and energy efficiency.
Located close to a wide range of local amenities, schools and public transport links, this family home has lots of potential for further development and personalisation and to add further value - viewing is highly recommended to fully appreciate all the potential that this home has to offer.
EPC Rating: D Entrance Hallway (3.04m x 2.14m) Lounge/Dining Room (7.90m x 3.36m) Kitchen (2.70m x 2.11m) Bedroom Four (Current Home Office) (3.75m x 3.57m) Parking - Driveway Disclaimer These particulars are produced in good faith and are set out as a general guide only.
Please note that all measurements quoted are approximate and are the maximum measurements for the space. Floor plans are for illustrative purposes only. Services have not been tested.
David James Estate Agents have established professional relationships with third-party suppliers for the provision of services to Clients.
As remuneration for this professional relationship, the agent receives referral commission from the third-party company.
David James Estate Agents receives the following commission from each third party supplier on a per referral basis: Tom Smith and Company Chartered Surveyors: £60 including VAT All Moves UK Ltd: 18% including VAT of the invoice total (£107 including VAT average) MoveWithUs Limited: £188 including VAT (average)
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 54 Vernon Avenue, Nottingham
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