2-bedroom flat · NG10 1NH
For saleReduced £7.5k (−11.1%) on 11 SepListed 88 days
Opportunity summary
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About
No upward chain...
Offered to the market with no upward chain, this two bedroom ground floor flat offers a blend of classic charm and modern convenience in a popular location close to local amenities and excellent transport links.
Internally, there is an entrance hall leading to a spacious bay-fronted living room, where a striking feature fireplace creates a focal point and enhances the room’s inviting ambience.
The fitted kitchen provides appliances, storage and workspace for easy meal preparation. The property benefits from two bedrooms, serviced by a three piece bathroom suite.
This property is available on a shared ownership basis (75% ownership) for people aged over 55 and is suitable for cash buyers only, making it an exceptional opportunity for those seeking a secure and accessible home.
Must be viewed EPC Rating: E Entrance Hall (3.90m x 2.11m) The entrance hall has wood-effect flooring, built-in storage cupboards, a radiator, coving to the ceiling, and a single composite door providing access into the accommodation.
Living Room (4.76m x 3.59m) The living room has carpeted flooring, a feature electric fireplace with a decorative surround and a hearth (with a gas connection), a radiator, coving to the ceiling, and a UPVC double-glazed bay window.
Kitchen (3.42m x 1.80m) The kitchen has a range of fitted base and wall units with rolled-edge worktops, a stainless steel sink with taps and a drainer, a new freestanding cooker, a washing machine, a fridge freezer, carpeted flooring, partially tiled walls, a radiator, and a UPVC double-glazed window.
Master Bedroom (4.46m x 3.59m) The main bedroom has carpeted flooring, a radiator, coving to the ceiling, and a UPVC double-glazed window.
Bedroom Two (3.31m x 1.72m) The second bedroom has carpeted flooring, a radiator, and a UPVC double-glazed window.
Bathroom (2.31m x 1.69m) The bathroom has a low level flush W/C, a wall-mounted wash basin, a panelled bath with a wall-mounted electric shower fixture, vinyl flooring, partially tiled walls, a radiator, and a UPVC double-glazed obscure window.
Shared Ownership Information The property is being sold as 75% shared ownership. Tenure: Leasehold. Lease Term: 99 years from 17 September 1991 - Term remaining 64 years.
Total monthly payment is £298.87.
Included is: - Service charge (£105.10) - Reserve fund (£33.33) - Insurance charge (£34.79) - Supporting Costs (£10.40) - Rent charge (£115.24) The information regarding service charges and ground rent has been obtained from the vendor.
HoldenCopley have checked the most recent statement for ground rent and service charge and have obtained the lease length via the Land registry.
HoldenCopley offer no guarantee as to the accuracy of this information, we advise you to make further checks to confirm you are satisfied before entering into any agreement to purchase.
The information will be confirmed by your solicitor via the management pack and Landlord pack where applicable.
We strongly recommended that you contact your solicitor before entering into negotiations to confirm the accuracy of information.
Additional Information Broadband Speed - Ultrafast - Download 1800 Mbps - Upload 220 Mbps | Phone Signal – Good 4G / 5G coverage | Electricity – Mains Supply | Water – Mains Supply | Heating – Gas Central Heating – Connected to Mains Supply | Sewage – Mains Supply | Flood Risk – No flooding in the past 5 years+ | Flood Risk Area - Low | Construction – Brick | Mining Area – No | Accessibility – No | Other Material / Safety Issues – No known safety issues have been disclosed by the seller.
| Any Legal Restrictions – No | Council Tax Band Rating - Erewash Borough Council - Band B | Tenure: Leasehold | Disclaimer Agents Disclaimer: HoldenCopley, their clients and employees 1: Are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They assume no responsibility for any statement that may be made in these particulars.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or other consents and HoldenCopley have not tested any services, equipment or facilities.
Purchasers must make further investigations and inspections before entering into any agreement. Garden Outside of the property is availability for off-street parking. Parking - Off Street
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 Flat 5, Victoria Court Albert Road, Nottingham
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