Modern Method of Auction
Auction date not yet published
2-bedroom flat · NG24 4AF
For saleListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Presenting to the market, this well-maintained flat available for let, ideally suited for couples seeking a quality urban lifestyle.
The flat offers a balanced blend of comfort, style, and practicality. The property boasts two spacious double bedrooms. The master bedroom is a real treat, featuring generous space and comfort.
The second double bedroom also boasts lots of space and natural light. Moving forward, the flat comprises a well-lit, fully-equipped kitchen.
The natural light flooding the kitchen creates the classy feel for this kitchen.
The property also features a separate reception room, where large windows let in an abundance of natural light, enhancing the warmth of the wood floors and creating an inviting space for relaxation or entertaining guests.
The bathroom is well functioning with a bath and over shower, further enhancing the overall appeal of the property.
One of the unique features of this property includes an on-site gym, a rare find in a city flat as well as a dedicated parking space.
The property is located in an area well-serviced by public transport links, local amenities, nearby parks, walking routes, and cycling routes - all contributing to a vibrant and active lifestyle.
The property falls under Council Tax Band C and has an EPC rating of C. This is a fantastic opportunity to let a property that ticks all the right boxes.
We encourage interested parties to get in touch to arrange a viewing.
*Sale via Modern Method Of Sale - Starting Bid - £100,000* These sales particulars have been prepared by Belvoir upon the instruction of the vendor.
Any services, equipment and fittings mentioned in these sales particulars have NOT been tested, and accordingly, no warranties can be given.
Prospective purchasers must take their own enquiries regarding such matters. These sales particulars are produced in good faith and not intended to form part of a contract.
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.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view 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. Payment varies but will be no more than £450.00.
These services are optional. EPC rating: C.
Tenure: Leasehold, Service charge description: Service Charge pa - £1,520 Ground Rent pa - £125 Years Left - 200 years from 1/1/2002, Length of lease (remaining): 176 years 2 months, Mobile signal information: Signal strength (0-4) EE: 3, Three: 3, O2: 4, Vodafone: 4
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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 Castle Brewery, Newark, NG24
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