2-bedroom flat · NG7 3GH
To rentReduced £30 (−3.2%) on 10 OctListed 50 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold Nil deposit alternative scheme available. Spacious 2 bed 1st floor flat with large lounge with on street parking. Walking distance to the city centre and to ntu. Built In wardrobes.
Furnished or semi furnished. Totally renovated with new double glazing and new laminate floors. Bills are not included in the rent.
Available after 31 Oct- video available with maximum 2 children or 2 singles/students sharing (maximum 4 occupants). Guarantors will be needed for each student.
Some pets may not be allowed and smoking are allowed in the building. Big lounge/dining room with door to balcony. The first floor flat, is well insulated with double glazing and gas central heating.
Secure entry phone system and enclosed hallways. Large communal gardens and ample on street permit street parking.
Newly renovated with new double glazing, totally repainted and new laminate floors throughout. 2 Large double bedrooms with built-in wardrobes plus curtains and blinds.
1 bathroom with shower over bath. Spacious eat-in kitchen with gas cooker, under counter fridge, freezer and washing machine. Additional private store room for bicycles.
On street parking The asking rent does not include the cost of utility bills or Council tax (Band A). The EPC value is C.
Broadband must be arranged by the tenant and many networks are available but dishes are not allowed to be attached to the building.
Mobile signal is good but depends on the phone and the network and time of day. Please check.
Location The property is situated approximately 1 mile from the city centre with access to local shops, amenities, Nottingham University and public transport links together with road links to the A610, A52 and the M1.
Lounge 15' 8" x 11'11"(4.78m x 3.63m) Eat-in Kitchen 11' 9" x 8' 8"(3.58m x 2.64m) Bedroom 1 11'11" x 11'11"(3.63m x 3.63m) Bedroom 2 12' 2" x 8'11"(3.71m x 2.72m) Bathroom 8' 6"(max) x 6' 7"(2.59m (max) x 2.01m) Income Criteria applies: Tenants need to have proof of joint income of more than 2.5x the rent (£ 2375 income per month £29k).
Tenants also need to have a clean credit history with no CCJs or adverse credit.
(A UK guarantor is only needed if tenants are self-employed, students or receiving benefits and the guarantor will need to be referenced and earn 3x the rent per month).
No extra tenants' fees are charged for residential tenancies.
The 5 week deposit must be paid before the tenancy starts or a Nil Deposit alternative which is independent scheme and tenants pay the cost of this.
Full references will be required: (proof of id, proof of Address, proof of income, 3 months bank statements and payslips). (Terms and conditions apply).
The holding deposit of 1 week will be payable to reserve the property Viewings arranged by appointment please request a viewing online. Reception (5m x 4m)
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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FAQ
About 22 Grafton Court, Nottingham
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