# 2 bedroom terraced house for rent (NG3 2AZ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 64 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM NG3 2AZ |
| Price | £550 pcm |
| Bedrooms | 2 |
| Bathrooms | 1 |
| Last sold | £63,000 Feb 2010 |

## Description

Close to City Centre Spalding Road Carlton 2 bed 1 reception room large kitchen bathroom toilet garden, Newley decorated and carpeted. Parking. Close to bus stops, shops and all local amenities. Quiet area double glazed central heated. Deposit £550 Rent £550 must be working minimum 6 months NO Benefits will be accepted. PLEASE CALL BETWEEN 9AM - 4PM MONDAY TO FRIDAY OR EMAIL

## Property Photos

- ![Photo](/listings/photos/126801152/1266990)
- ![Photo](/listings/photos/126801152/1266992)

## Sales History

*Recorded sales for this property. Data from Land Registry Price Paid.*

| Address | Price | Date | Type |
|---------|-------|------|------|
| 64 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £63,000 | 12/02/2010 | 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 |
| 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 |
| 156 CARLTON ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BB | £148,000 | 15/12/2022 | Terraced |
| 80 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £75,931 | 09/12/2022 | Terraced |
| 137 WINDMILL LANE, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2BH | £155,000 | 05/12/2022 | Terraced |
| 78 SPALDING ROAD, NOTTINGHAM, CITY OF NOTTINGHAM, NG3 2AZ | £154,000 | 01/12/2022 | 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 |

**Area average:** £134,504 (20 sales)

## Price vs local average

*Outcode + property type (HousePrices, last 2 years).*

- **Local average:** £183,904 (47 Terraced, NG3, 2024–2026)
- **Deviation:** -99.7%

## 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 | 0.29 miles | OpenRent |
| 2 Bed Flat, William Bancroft Buildings, NG3 | £1,250/mo | 2 | 0.33 miles | OpenRent |

**Average rent: £1,250/mo (2 listings)**

## 1% Rule

- **Rent ratio:** 227.27% (strong)
- **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:** 2727.3%
- **Monthly cashflow:** £1,098/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 8259.6%

*Gross yield = annual rent as % of price (no costs). 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).*

## Capital growth trend

*Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.*

- **5y growth:** 44.3%
- **10y growth:** 61.8%

## 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)