2-bedroom flat · NG16 1LB
For saleReduced £8k (−6.5%) on 20 MayListed 474 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and wonderful naturally light, two double bedroom apartment enjoying excellent placement on the top floor which allows an abundant amount of natural light to pour into the property including open views over the opposing green space which truly does this apartment the extra edge on its competitors.
The property offers excellent scope for improvement and is offered to the open market with the advantage of no upward chain.
The accommodation comprises a central entrance hall that flows toward a substantial open plan living area which incorporates a well worked kitchen & dining area, two double bedrooms and a family bathroom.
The property benefits from its own designated car parking space. ENTRANCE HALL 4.928m x 1.219m A central entrance hall with a radiator, hand storage cupboard and ceiling lighting.
OPEN PLAN LIVING 5.207m x 5.105m A spacious living area with a clearly defined living and kitchen area.
The kitchen area has fitted wall cupboards, base units and drawers with working surfaces over. Inset sink with drainer and mixer tap.
Integrated oven, four ring electric hob with wall mounted stainless steel extractor hood over.
There is also plumbing for a washing machine, fridge/freezer, ceiling light point and a double glazed windows to the side elevation.
BEDROOM ONE A spacious double bedroom with a radiator, ceiling light point and a double glazed window to the front elevation with views over the open green space.
BEDROOM TWO 2.946m x 2.819m A second generous bedroom with a radiator, ceiling light point and a double glazed window to the front elevation again with views over the open green space.
BATHROOM 2.642m x 2.007m A well proportioned bathroom with fitted three piece suite comprising a panelled bath with shower over, wash hand basin and a low flush WC.
There is also a radiator, ceiling light point and an obscure double glazed window to the front elevation. VIEWING INFORMATION Viewing of the property is strictly by appointment only.
To book a viewing please call our Sales team headed up by our Associate Director, Ben Pycroft on our office number . TENURE The property is being sold as a leasehold property.
With vacant possession on completion. The additional information: The property is held on a 150 year lease which commenced 6th January 2004.
Service charge is £570.59 paid twice yearly Ground Rent is £117.95 paid twice yearly .This is reviewed yearly and is increased in line with RPI.
FIXTURES & FITTINGS No fixtures or fittings in mentioned in these details are confirmed to be sold within the purchase price listed and/or agreed.
Matters surrounding any fixtures and fittings detailed in this brochure or otherwise should be discussed as a separate matter.
JMS take no responsibility for the condition, status or working order of any fixtures and fitting mentioned in this brochure or otherwise.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Riddles Court, Watnall
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