Modern Method of Auction
Auction date not yet published
2 × 1-bed flat · NG16 4DN
Sold STCListed 29 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**SPACIOUS & VERSATILE PROPERTY** FOR SALE BY MODERN AUCTION Whitegates are delighted to bring to market this spacious and versatile two bedroom property, offering an exciting opportunity for investors, developers and owner/occupiers alike.
Currently configured as two self contained flats, each with its own private access, the property provides the potential to generate two separate rental incomes or, subject to planning, could be reconfigured to create a substantial four bedroom family home.
The ground floor accommodation comprises a kitchen, bathroom, living room and bedroom, while the second flat offers an entrance hall, living room, bedroom, kitchen and bathroom.
Both flats benefit from access to a shared garden space. Ideally positioned close to local schools, shops, amenities and transport links, the property is well placed for both tenants and families.
Offered with NO UPWARD CHAIN, this is an opportunity not to be missed.
**VIEWING HIGHLY RECOMMENDED!** The Details Rare opportunity to purchase two, one bedroom flats; with seperate access (under one Title), or a great opportunity to re-model and make a fantastic home!
Ground Floor Flat Kitchen Part glazed uPVC door to front, vinyl flooring, fitted wall and base units, part tiled splashbacks, fitted oven, fitted hob with splashback screen and overhead extractor hood, fitted sink and drainer, space and plumbing for washing machine, radiator and uPVC double glazed window to front elevation.
Living Room Fitted carpet, two radiators and uPVC double glazed bay window to front elevation. Hallway Fitted carpet, meter cupboard and radiator.
Bedroom 1 Fitted carpet, radiator and uPVC double glazed bay windows to front and side elevations.
Bathroom Vinyl flooring, WC, pedestal sink, shower cubicle, part tiled splashbacks, wall mounted boiler, radiator and uPVC double glazed window to rear elevation.
First Floor Flat One bedroom flat set across two floors. Entrance Hall Part glazed uPVC door to front elevation, fitted carpet, meter cupboard and stairs to first floor.
Landing Fitted carpet, radiator and stairs to second floor.
Living Room Fitted carpet, TV point, wall mounted electric fire, radiator and uPVC double glazed bay windows to front and side elevations.
Bedroom 1 Fitted carpet, radiator and uPVC double glazed window to front elevation.
Kitchen Diner Vinyl flooring, fitted wall and base units, part tiled splashbacks, fitted oven, splashback screen and overhead extractor hood, fitted sink and drainer, fitted washing machine/dryer, wall mounted boiler, radiator and uPVC double glazed window to front elevation.
Bathroom Vinyl flooring, part tiled splashbacks, WC, panelled bath with shower attachment and fitted shower screen, pedestal sink, fitted storage, wall mounted heated towel rail, radiator and uPVC double glazed window to front elevation.
Outside The property occupies an end corner plot and is set back from the road with a brick wall to its borders with steps leading up to both entrances and lawned area.
To the side of the property is a spacious patio and lawned area.
Modern Method Of Auction This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are (truncated)
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
Area
Agent & docs
FAQ
About Lower Dunstead Road, Langley Mill, Nottingham, Derbyshire, NG16
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