2-bedroom flat · DE21 7LL
Under offerListed 132 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered for sale with no upward chain, this two-bedroom first-floor apartment presents an excellent opportunity for purchasers seeking a property to modernise and personalise to their own taste.
Requiring a programme of updating and improvement, the apartment offers well-proportioned accommodation and significant potential.
Situated in the heart of Spondon, the property is conveniently located for a wide range of local amenities, shops, and transport links, making it an ideal purchase for first-time buyers, investors, or those looking to downsize.
An early viewing is recommended to appreciate the potential on offer.
In brief the accommodation comprises:- entrance lobby with staircase to first floor landing, dining kitchen, lounge, two bedrooms and bathroom with three piece suite.
Outside, there are communal gardens.
The property is set back from Church Street and is well situated for Spondon village and its amenities together with excellent road links for the A52, M1 motorway, A50 and Nottingham East Midlands Airport.
Ground Floor Entrance 7'2" x 5'9" (2.2m x 1.8m) First Floor Landing 7'3" x 6'6" (2.2m x 2.0m) Living Room 14'8" x 10'1" (4.5m x 3.1m) Kitchen 8'7" x 10'0" (2.6m x 3.0m) Bedroom One 12'0" x 9'9" (3.7m x 3.0m) Bedroom Two 10'6" x 11'10" (3.2m x 3.6m) Bathroom 7'5" x 5'3" (2.3m x 1.6m) Outside There are communal gardens to both front and rear elevations.
Leasehold Information Leasehold start date 6th June 1983 with a 125 year lease. Ground Rent is £10 per annum. Service Charge TBC.
(Your legal representative should verify this) Buyer Information: 1. Anti-Money Laundering (AML) Regulations: We are legally required to verify all purchasers.
The cost is £24 (inc VAT) per person. 2. General: These sales particulars are intended as a general guide only.
If any detail is especially important, please contact us—particularly if you’re travelling a long distance to view. 3. Measurements: All measurements are approximate and provided for guidance only. 4.
Services: Services, equipment, and appliances have not been tested. Buyers should arrange their own surveys or inspections. 5.
These details are given in good faith but do not form part of any offer or contract. Information should be independently verified.
Hannells Limited and its employees or agents are not authorised to make representations or warranties regarding the property.
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
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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 advisors 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 Church Street, Spondon
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