# 2 bedroom terraced house for sale (NG3 2AZ) ## Property Details | Key | Value | |-----|-------| | Address | 78 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM NG3 2AZ | | Price | £150,000 | | Bedrooms | 2 | | Bathrooms | 1 | | Last sold | £154,000 Dec 2022 | ## EPC Rating & Upgrade Cost - **Current rating:** E - **Potential rating:** C - **Expiry date:** 27/07/2030 - **Est. upgrade cost to C:** £26,823 ### Recommendations - Q (£4,000 - £14,000) - W2 (£4,000 - £6,000) - C (£15 - £30) - F (£200 - £400) - G (£350 - £450) - I (£2,200 - £3,000) - N (£4,000 - £6,000) - U (£3,500 - £5,500) [View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0763-2828-6739-2820-5745) ## Description We are pleased to announce a two-bedroom property coming to the market for sale, offered with no upward. The property will be ideal for a first time buyer or an investment landlord. Call today register your details in preparation for an internal viewing. **Front Elevation** - **Lounge** - 3.9 x 4.1 max (12'9" x 13'5" max) - **Dining Room** - 3.4 x 4.1 max (11'1" x 13'5" max) - **Kitchen** - 3.3 x 2.2 (10'9" x 7'2") - **Bedroom One** - 4 x 4.1 (13'1" x 13'5") - **Bedroom Two** - 2.4 x 3.1 (7'10" x 10'2" ) - **Bathroom** - 3.3x 3.2 (10'9"x 10'5" ) - **Rear Garden** - ## Property Photos - ![KITCHEN](/listings/photos/125555846/1266834) - KITCHEN - ![LOUNGE](/listings/photos/125555846/1266835) - LOUNGE - ![LOUNGE](/listings/photos/125555846/1266836) - LOUNGE - ![DINING ROOM](/listings/photos/125555846/1266837) - DINING ROOM - ![DINING ROOM](/listings/photos/125555846/1266838) - DINING ROOM - ![BEDROOM ONE](/listings/photos/125555846/1266839) - BEDROOM ONE - ![BATHROOM](/listings/photos/125555846/1266840) - BATHROOM - ![BEDROOM TWO](/listings/photos/125555846/1266841) - BEDROOM TWO - ![REAR GARDEN](/listings/photos/125555846/1266842) - REAR GARDEN ## EPC Graphs - ![EE Rating](/listings/photos/125555846/1266844) - EE Rating - ![EI Rating](/listings/photos/125555846/1266847) - EI Rating ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | 78 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £154,000 | 01/12/2022 | Terraced | | 78 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £84,500 | 10/06/2015 | Terraced | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | 8 WORKSOP ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BA | £145,000 | 28/11/2025 | Terraced | | 1 ORBY WALK, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2GT | £152,000 | 28/11/2025 | Terraced | | [Same street] 18 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £220,000 | 06/09/2024 | Semi-detached | | 31 ST CUTHBERTS ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AX | £160,000 | 20/12/2023 | Terraced | | 1 ST CUTHBERTS ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AX | £160,000 | 01/11/2023 | Terraced | | 102 CARLTON ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AS | £100,000 | 29/09/2023 | Terraced | | 27 WORKSOP ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BA | £124,152 | 11/08/2023 | Terraced | | 6 DEVON STREET, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BE | £180,000 | 23/06/2023 | Terraced | | 34 ST CUTHBERTS ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AX | £145,000 | 20/06/2023 | Terraced | | 13 DENSTONE ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AW | £111,000 | 31/05/2023 | Terraced | | 7 WORKSOP ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BA | £101,501 | 26/05/2023 | Terraced | | 11 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AY | £165,000 | 21/04/2023 | Terraced | | 217 WINDMILL LANE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BH | £135,000 | 29/03/2023 | Terraced | | 114 WINDMILL LANE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BW | £170,000 | 21/12/2022 | Terraced | | [Same street] 20 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £255,000 | 19/12/2022 | Detached | | 156 CARLTON ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BB | £148,000 | 15/12/2022 | Terraced | | [Same street] 80 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £75,931 | 09/12/2022 | Terraced | | 11 LEIGHTON STREET, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2FT | £147,000 | 09/12/2022 | Terraced | | 137 WINDMILL LANE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BH | £155,000 | 05/12/2022 | Terraced | | 171 WINDMILL LANE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BH | £110,000 | 11/11/2022 | Terraced | | 24 WALTON AVENUE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BS | £103,000 | 22/09/2022 | Terraced | | 6 ELFORD RISE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BN | £130,000 | 02/09/2022 | Terraced | | 34 WORKSOP ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BA | £117,500 | 19/08/2022 | Terraced | | [Same street] 56 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £70,000 | 03/08/2022 | Terraced | | [Same street] 18 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £158,000 | 28/02/2022 | Semi-detached | | [Same street] 66 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £103,000 | 16/11/2021 | Semi-detached | **Street average:** £146,989 (6 sales) **Area average:** £137,958 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £183,904 (47 Terraced, NG3, 2024–2026) - **Deviation:** -18.4% ## Rental Range *ONS Price Index of Private Rents (Nottingham). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £905/mo - **Realistic:** £1,006/mo - **Optimistic:** £1,107/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for Nottingham (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £648/mo ## Rental Comparables *Residential lets from OpenRent and Rightmove for the area (same bedroom count). Use to validate rent estimates. Student lets are excluded.* | Title | Rent | Beds | Distance | As seen on | |------|------|------|------|------| | 2 Bed Flat, William Bancroft Buildings, NG3 | £1,250/mo | 2 | 0.37 miles | OpenRent | **Average rent: £1,250/mo (1 listing)** ## 1% Rule - **Rent ratio:** 0.83% (okay) - **Max investor price (0.8%):** £156,250 - **Target investor price (1%):** £125,000 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on OpenRent comparables.* ## Rent-driven metrics *Based on OpenRent comparables (median £1,250/mo).* - **Gross yield:** 10% - **Cost-to-rent:** 10× - **Monthly cashflow:** £509/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term) - **Cash-on-cash ROI:** 14% *Gross yield = annual rent as % of price (no costs). Cost-to-rent = price ÷ annual rent (from OpenRent comparables); under 14× = strong, 14–16× = acceptable, 17×+ = compressed. Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).* ## Price per Square Metre - **£/m²:** £1,974/m² ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** 42.7% - **10y growth:** 55.5% ## House Price Index (HM Land Registry) *Official index for City of Nottingham; Terraced series; as of April 2026.* - **1y growth (index):** 1.2% - **5y growth (index):** 20% - **10y growth (index):** 67.8% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)