2-bedroom flat · NG16 4EH
For saleListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** ready-made investment!
*** Watsons Estate Agents are delighted to offer for sale this stunning two bedroom first floor apartment, offered to the market with tenants in situ, making it an ideal opportunity for landlords looking to add a quality property to their portfolio.
Forming part of this equally impressive period building, sympathetically converted in 2016, the 'old meets new' concept is evident from the moment you step through the communal entrance, with its original subway-style tiling, sweeping staircase and beautiful stained glass window.
In keeping with the character of the building, the apartment boasts high ceilings throughout, a bright and airy open plan living space, a shaker-style kitchen with integrated appliances, two double bedrooms, an en suite shower room, a modern family bathroom and individually controlled underfloor heating in every room.
The immaculately maintained communal areas include allocated parking behind secure electric gates, a CCTV entry system and the apartment also benefits from a separate walk-in storage room.
Conveniently located close to the amenities of Langley Mill and Aldercar, this is a fantastic opportunity to acquire a well-presented investment property with an established tenant already in place, providing immediate rental income from day one.
Call Watsons today for further information or to arrange your viewing. Option 2) Outside Secure gated entry system which leads to the parking area.
The apartment has one allocated parking space, and a private storage cupboard within the main building.
Entrance Hall Video entry system, laminate wood flooring with under floor heating, ceiling spotlights and built in storage cupboard housing the hot water tank.
Doors to the open plan living area, both bedrooms and the bathroom.
Open Plan Living Area 4.15m x 6.5m (4.5m min) (13' 7" x 21' 4") Open plan living area with 3 wooden double glazed windows to the front and sides.
Wood effect laminate flooring throughout with under floor heating, ceiling spotlights, electric sockets with usb points and TV aerial point.
The kitchen area is fitted with a range of shaker style wall and base units with complimentary work surfaces incorporating an inset sink unit.
Integrated appliances including; fridge freezer, washing machine, dishwasher, electric oven and hob extractor over.
Bedroom 1 4.3m x 3.8m (max) (14' 1" x 12' 6") Two wooden double glazed windows to the side, ceiling spotlights, wood effect laminate flooring with underfloor heating and electric sockets with usb points and TV aerial point.
En Suite White 3 piece suite comprising WC, pedestal sink unit and shower cubicle with mains fed shower. Extractor fan, heated towel rail fully tiled walls and tiled flooring with under floor heating.
Bedroom 2 3.4m x 2.7m (11' 2" x 8' 10") Wooden double glazed window to the side, wood effect laminate flooring with underfloor heating, ceiling spotlights and electric sockets with usb points and TV aerial point.
Bathroom White 3 piece suite in comprising WC, pedestal sink unit and bath with mixer taps and thermostatic mains shower.
Fully tiled walls, heated towel rail, ceiling spotlights, extractor fan and tiled floor with under floor heating. Lease Information The seller has provided us with the following information.
The lease is 125 years commencing 2016. There is an annual ground rent is £400 and and an annual service charge of £900.
*** Agent Note *** Agent note: The seller has provided us with the following information: The heating system is electric, and it is 9 years old.
The car park to the side of the apartment building is shared.
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.
Area
Agent & docs
FAQ
About St Georges Court, Cromford Road, Nottingham
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