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See how verdicts work2-bedroom semi-detached house · NG25 0TQ
For saleReduced £15.1k (−9.7%) on 20 OctListed 30 days
Opportunity summary
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About
50% shared ownership | £155,000 for the 50% share and privately owned conservatory | two double bedrooms | private low-maintenance garden | allocated parking | small cul-de-sac| no upward chain Peacefully positioned within a small cul-de-sac of similar homes and conveniently located close to Southwell Garden Centre, this well-presented two-bedroom town house is offered for sale on a 50% shared ownership basis with no upward chain.
The property provides well-maintained accommodation arranged over two floors, with the added benefit of a particularly useful UPVC and brick-built conservatory, which is privately owned by the current owner.
The asking price of £155,000 represents the 50% share of the property, together with the conservatory which is owned in full by the current owner.
The full market value of the property, including the conservatory, is approximately £280,000.
The remaining 50% is owned by Nottingham Community Housing Association (ncha), and any purchaser will need to meet their shared ownership eligibility criteria.
On entering the property, the hallway features attractive engineered oak flooring which continues through to the spacious living room.
The living room has a window overlooking the front aspect with perfect fit Aluminium venetian blinds, together with a useful understairs storage cupboard.
The kitchen is fitted with a good range of wall and base units extending to the rear wall, complemented by worktops and upstands.
There is ample space for appliances, together with an electric oven, gas hob and extractor.
Amtico Click Smart flooring completes the room, while a cupboard houses the gas combination boiler, which has a full service history.
The conservatory is a lovely addition to the property and features UPVC and brick construction, with Pilkington K argon filled glass combined with Pilkington ActivTM easy-clean coating and tinted reflective glass roof with perfect fit Aluminium venetian blinds fitted to the rear windows, with Roman blinds to either side.
There is also an energy-efficient Fischer electric heater and Amtico flooring. A door provides direct access onto the rear garden.
Completing the ground floor is a useful cloakroom with WC and a large storage cupboard. To the first floor are two good-sized double bedrooms.
The principal bedroom benefits from a fitted wardrobe with mirrored sliding doors, a built-in storage cupboard and both bedrooms have perfect fit Aluminium venetian blinds.
The bathroom is fitted with a white suite comprising bath with shower over, WC and wash hand basin, together with part porcelain-tiled walls and Amtico flooring.
Outside, the private, low-maintenance rear garden is fully fenced and enclosed, with raised beds, paved patio, timber shed and a rear gate providing side access.
The property also benefits from one allocated off-street parking space, with three additional visitor spaces available.
Additional features include an eco-friendly rainwater harvesting system and independent heating controls for the upstairs and downstairs.
Shared Ownership Information: 50% share offered for sale at £155,000 with The conservatory which is privately owned in full by the current owner Full market value including conservatory: Approximately £280,000 Remaining 50% owned by Nottingham Community Housing Association Current rent: £304.08 per month Maintenance charge: £59.49 per month Approximately 112 years remaining on the lease Priority may be given to applicants with a connection to Southwell, subject to the restrictions contained within the Section 106 agreement Purchasers will need to satisfy ncha's shared ownership eligibility criteria The purchaser will be responsible for ncha's legal costs relating to the assignment, currently £275 plus VAT One allocated parking space plus three visitor spaces.
Ground Floor Entrance Hall (3' 8" x 5' 0") Lounge (14' 8" x 9' 3") Kitchen/Diner (12' 5" x 9' 1") Cloakroom (4' 9" x 3' 4") First Floor Landing Bedroom One (11' 3" x 10' 9") Bedroom Two (12' 5" x 9' 2") Bathroom (6' 0" x 6' 9") Outgoings Council Tax Band B Property Tenure Leasehold with vacant possession.
Current rent: £304.08 per month Maintenance charge: £59.49 per month Approximately 112 years remaining on the lease Room Measurements All dimensions are approximate.
There may be some variation between imperial and metric measurements for ease of reference. Dimensions should not be used for fitting out.
Viewings Contact Gascoines Southwell for more information Money Laundering Under the Protecting Against Money Laundering and the Proceeds of Crime Act 2002, Gascoines require any successful purchasers proceeding with a purchase to provide two forms of identification i.e.
Passport or photocard driving license and a recent utility bill. This evidence will be required prior to Gascoines instructing solicitors in the purchase or the sale of a property.
Consumer Protection Gascoines Chartered Surveyors, on its behalf and for the vendor of this property whose agents they are, give notice that: (i) The particulars are set out as a general outline only for guidance of intending purchaser and do not constitute, nor constitute part of, an offer or contract.
(ii) All descriptions, dimensions, references to condition and necessary permissions for and occupation, and other details are given in good faith and are believed to be accurate, but any intending purchaser or tenants should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to the correctness of each of them.
All photographs are historic. Maps and plans are not to scale.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
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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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About 5, Ruby Court, Nottinghamshire
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