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See how verdicts work2-bedroom flat · NG5 2AU
For saleReduced £5k (−5%) on 21 JunListed 388 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Investors only. Spacious Top Floor Two Bedroom Apartment. Open Plan Lounge/Kitchen/Diner. Two Double Bedrooms. Gas Central Heating. Currently Let at £11,838.24 per annum until 2027. No Upward Chain.
Entrance Hall Doors to the Lounge, further hallway and Kitchen Area Lounge/Kitchen/Diner (3.05m x 9.53m (10'0 x 31'3)) Kitchen/diner area to the rear of the property. A range of base and wall units.
Window to the front. Opens into the Lounge Area which has a window to the front and a radiator. Hallway Doors to both bedrooms and the bathroom.
Bedroom (3.68m x 2.62m (12'1 x 8'7)) Window to the front elevation. Radiator. Bedroom (2.72m x 3.15m (8'11 x 10'4)) Window to the rear. Radiator. Wall mounted gas combination boiler.
Bathroom Panelled bath. Low level flush toilet. Sink unti. Extractor.
Lease Details Currently Let at £11,838.24 per annum as supported living residential accommodation or homeless accommodation; overnight accommodation and ancillary office use falling within use Class 3(b) of the Town and Country Planning (Use Classes) Order 1987.
Let until 2027 but with a 6 break clause in place for either party that can be enforced at any time.
Service Charge Please note A survey conducted of Berkeley Court and due to historic under investment in service charge there is an extensive list of works that need to be carried out.
This has led to the rtm agreeing for increases to the service charge contributions by the leaseholders which total an additional +£4.5k until the end of 2029.
Year 2024 - £540 Year 2025 - £960 Year 2026 - £1200 Year 2027 - £1440 Year 2029 - £1680 Year 2029 - £1920
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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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
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FAQ
About 16, Berkeley Court, Nottingham
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