2-bedroom flat · NG5 1RL
No longer listedListed 27 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
CARRINGTON: This delightful two bedroom, furnished apartment is positioned on the popular Carrington Point Development.
situated on the first floor, the flat has an open plan living room and kitchen complete with appliances.
There are two bedrooms, both suitable to fit a double bed and the main bedroom has a separate en-suite shower room. The main bathroom consists of a white 3 piece suite. WHY SHOULD I VIEW?
Carrington Point lies just off Hucknall Road, just over a mile from the City Centre.
Carrington is an increasingly popular area, with two good primary schools, three small supermarkets, and a variety of local shops.
Locally, there are good pubs restaurants and The Cods Scallops on Mansfield Road which takes the humble Fish & Chip supper to a whole new level.
Properties in Binding House & Watermark House are always popular and we expect a high level of interest for this particular apartment.
The apartment is modern, allows plenty of light and also comes with one allocated parking space. On the way into the development there is a small Tesco Express convenience store.
Please note - pets are not permitted due to head lease restrictions Council Tax Band B - Nottingham City Council Deposit= equivalent to 5 weeks rent Holding Deposit:Payment of a holding deposit, equivalent to 1 weeks rent, will secure the property for 7 days whilst references are obtained.
The holding deposit will be offset against your first months’ rent if your application is successful.
If you have any reason to suspect that you may fail referencing, please disclose the reasons so they can be considered before you apply.If, after 15 days of receipt of the holding deposit (‘deadline for agreement’), a tenancy has not been agreed, a decision about how to proceed will be made.
For example, the ‘deadline for agreement’ could be extended, your holding deposit could be refunded and the property remarketed or your holding deposit could be retained, for example, if you had provided false information.
Please find more information about the application process here & Oaks are ARLA licensed agents & members of their Client Money Protection scheme. We are also members of The Property Ombudsman.
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
We're still gathering serviced-accommodation data for this area.
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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 Watermark Close, Carrington
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