1-bedroom flat · NG12 1DW
For saleListed 526 days
Opportunity summary
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About
* FIRST FLOOR APARTMENT * IDEAL FOR FIRST TIME BUYERS * UPVC DOUBLE GLAZING * ENTRANCE HALL WITH USEFUL WALK-IN STORAGE CUPBOARD * WELL PROPORTIONED LOUNGE * MODERN FITTED KITCHEN * DOUBLE BEDROOM * 3 PIECE BATHROOM * COMMUNAL GARDENS * RESIDENT PARKING * An opportunity to purchase an affordable first floor apartment, ideal for first time buyers.
The accommodation benefits from uPVC double glazing and in brief comprises; entrance hall with useful walk-in storage cupboard, a well proportioned lounge, a modern fitted kitchen, a double bedroom and a three piece bathroom.
Outside are communal gardens and resident parking. Accommodation - An entrance door leads into the entrance hall.
Entrance Hall - With a central heating radiator, access hatch to the roof space, laminate flooring and a large walk-in storage cupboard with shelving, light and housing the central heating boiler.
Kitchen - Fitted with a range of modern base and wall units with cupboards and drawers, rolled edge worktops and tiled splashbacks, an inset 1.5 bowl single drainer sink with mixer tap and a built-in oven with four zone electric hob and chimney extractor hood over.
There is space for further appliances including plumbing for a washing machine plus a central heating radiator and a uPVC double glazed window.
Lounge - A nicely proportioned dual aspect reception room with a central heating radiator and uPVC double glazed windows to two elevations.
Bedroom - A double bedroom with a central heating radiator and a uPVC double glazed window. Bathroom - Fitted in white with a panel sided bath with mixer tap and Creda electric shower over.
There is a close coupled toilet and a pedestal wash basin with hot and cold taps plus tiling around the bath and the sink areas for splashbacks, a central heating radiator and a uPVC double glazed obscured window.
Parking - Resident and visitor parking is available on site. Leasehold - We are lead to believe by the Vendor that a 125 year Lease was granted in 1998 with approx 98 years remaining.
There are maintenance & service charges including ground rent totalling in the region of £125 per month.
This monthly charge covers the maintenance and upkeep of the communal aspects of Addington Court, inside and out and buildings insurance.
Radcliffe On Trent - Radcliffe on Trent has a wealth of amenities including a good range of shops, doctors, dentists, schooling for all ages, restaurants and public houses, golf and bowls clubs, regular bus and train services (Nottingham to Grantham line).
The village is conveniently located for commuting to the cities of Nottingham (6m) Newark (14m) Grantham (18m) Derby (23m) Leicester (24m) via the A52, A46, with the M1, A1 and East Midlands airport close by.
Council Tax - The property is registered as council tax band A.
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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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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