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See how verdicts work2-bedroom bungalow · NG16 5GQ
For saleReduced £30k (−12%) on 21 OctListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale is this two bedroom detached bungalow in need of modernisation in the popular village of Underwood.
Set on a larger than average plot the property is ideal for development internally as well as potential for extensions subject to any planning consent.
The double glazed and gas centrally heated accommodation comprises of an entrance porch, entrance hall, lounge, kitchen, utility room two bedrooms and shower room.
Outside there is a garden to the front of the property, driveway and garage. Access to the side leads to the large enclosed garden to the rear.
Viewing is strongly recommended to the development opportunity this property has to offer. No Upward Chain. Entrance Porch Glazed door, access to the entrance hall.
Entrance Hall Access given to the lounge, kitchen, two bedrooms and shower room.
Lounge (5.59m (18'4") x 4.62m (15'2")) Two double glazed patio door opening onto the enclosed rear garden, gas fire with fire surround, central heating radiator.
Kitchen (3.89m (12'9") x 3.23m (10'7")) Comprising of twin sink bowls with mixer taps set into the work surfaces, a range of base and wall units, space for gas cooker, extractor hood.
Space for fridge freezer. Central heating radiator. Door to the utility room . Window to the rear elevation.
Utility Room (1.83m (6'0") x 1.85m (6'1")) Double glazed window to the side elevation and window to the front elevation, upvc door leading to the enclosed rear garden.
Wall mounted boiler, plumbing for automatic washing machine. Bedroom One (4.32m (14'2") x 3.45m (11'4")) Double glazed window to the front elevation, fitted wardrobes and central heating radiator.
Bedroom Two (3.76m (12'4") x 2.74m (9'0")) Double glazed window to the front elevation and central heating radiator.
Shower Room Frosted double glazed window to the side elevation, white suite comprising of shower cubical with shower over, wash hand basin and low flush wc. Storage cupboards below sink unit.
Chrome heated towel rail. Front Garden Garden to the front of the property mainly laid to lawn. Driveway leads to the garage. Gated access to the side leading to the enclosed rear garden.
Rear Garden Large enclosed rear garden with patio area and being mainly laid to lawn. Mature shrubs and trees. Hedged borders.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
Area
Agent & docs
FAQ
About 117, Main Road, Nottingham
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