2-bedroom flat · NG2 7RB
For saleReduced £5k (−3.3%) on 21 JunListed 324 days
Opportunity summary
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About
** offers over £150,000 ** **excellent location** A two bedroom top floor apartment in the Harvard House building with amazing views over the River Trent being sold in good condition, Situated close to West Bridgford Town Centre.
The property briefly comprises an entrance hallway, three bedrooms with two having access to the south facing balcony and two double bedrooms having built in storage.
There is a bathroom with separate WC, a modern kitchen and the lounge has spanning views over the River Trent.
The following leasehold information has been provided by the vendor: The lease term is has recently been extended.
Lease Term: Extended lease 189 Years Lease Commencement Date: 24th June 1975 Ground Rent: £150 Per Annum Service Charge: £2208.79 Disclaimer: All costs of a major nature are taken from the reserve fund, and there are several projects that the management company are undertaking in the coming years as below: •Concrete repair works to all 3 blocks •Lift replacement (6) – doing one lift a year from 2026 •Fire Risk Assessment works – These contain fire stopping and compartmentation to all areas noted within the compartmentation survey •Intercom upgrades to all blocks It is standard practise to understand the indicative costs when carrying out any of the projects listed above, however the management company can not commit to firm costings until the second stage of consultation under section 20 of the landlord and tenant act 1985 as this letter gives a breakdown of the exact costs of the a project.
Note: The year end accounts for 2025 are audited within the first 6 months of the year end therefore they may or may not be a balancing charge applied to the account due to an overspend for that service charge year, similarly if there is an underspend a credit is applied to the leaseholders service charge accounts.
Please contact Royston & Lund for further information.
Value & comps
No previous sales on record.
Returns
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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.
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