1-bedroom flat · NG10 5QX
Listing removedListed 133 days
Opportunity summary
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About
A second floor open plan studio apartment located within this iconic Grade II Listed Victorian lace mill conversion in the heart of Sandiacre.
With open plan living bedroom kitchen space, integrated appliances, separate modern shower room, security intercom system, exposed brickwork, large windows and upgraded electrical heating.
The property sits on the doorstep of the Erewash Canal footpath with easy access to amenities and transport links. We believe the property will make an ideal first time buy or investment opportunity.
We highly recommend an internal viewing.
Robert Ellis are pleased to welcome to the market this second floor studio apartment situated within this iconic grade II listed former victorian lace mill conversion. No upward chain.
Dating back to circa 1888, this landmark property was converted in 2006 into 104 luxury apartments.
This particular property is located on the second floor, to the rear side of the development and offers open plan studio style accommodation with high ceilings, exposed original brickwork and feature windows letting in lots of natural light.
The accommodation offers an entrance lobby with useful utility cloaks cupboard, modern shower room leading through to the open plan living dining bedroom space.
There is a fully fitted kitchen area with integrated dishwasher, fridge with freezer compartment, oven and hob, as well as a sitting area and a bedroom to the far side.
The property also benefits from a security intercom system and sits on the doorstep to the Erewash Canal footpath.
The property is located in the heart of Sandiacre adjacent to the Erewash Canal, a working water course with attractive towpath walks and cycle routes following the Nutbrook Trail from Long Eaton to Shipley Park and Heanor.
Sandiacre is a small town benefitting from local amenities such as Lidl, Co-op, various public houses and cafes, as well as a regular bus service linking Nottingham and Derby via the i4 and good access to the A52, Junction 25 of the M1 and the Nottingham express tram terminus situated at Bardills roundabout.
Offered for sale with immediate vacant possession, the property makes an ideal first time buy or investment opportunity and we highly recommend an internal viewing.
Entrance Lobby (2.36 x 1.30 (7'8" x 4'3")) Front entrance door, security intercom system, door through to the open plan living bedroom kitchen space, separate door to shower room, utility closet.
Utility Closet Containing a pressurised hot water cylinder, freestanding washer/dryer, shelving, lighting.
Shower Room (2.45 x 1.70 (8'0" x 5'6")) Incorporating a three piece suite comprising floating wash hand basin with mixer tap, hidden cistern push flush WC, walk-in double shower cubicle with thermostatically controlled shower and glass sliding shower screen, feature recess with shelving, mirror, vanity unit incorporating shaver point, heated towel rail, tiled floor, spotlights, extractor fan.
Open Plan Living Dining Kitchen Bedroom (7.85m x 4.17m narrowing to 2.55 (25'9" x 13'8" nar) Attractive, partially exposed brickwork, engineered wood block flooring, two upgraded electric panel radiators, three large feature double glazed windows (with fitted blinds).
The kitchen area comprises a range of modern fitted base and wall units including drawers, work surfacing and inset circular bowl stainless steel sink unit with single drainer and mixer tap.
Built-in dishwasher, recently replaced electric oven, electric hob and extractor hood over.
Integrated fridge with freezer compartment, spotlights, plug sockets with usb charging points, media points within the living space.
Directions From our Stapleford Branch on Derby Road, proceed in the direction of Sandiacre, crossing the bridge onto Station Road.
With Lidl on the left, look for and take a right hand turn onto Bridge Street and follow the road to Springfield Mill. Park on the street and meet one of our representatives at the front gates.
Agents Note We understand that the property is held on a leasehold term of 250 years from 2005. It has been noted that the annual ground rent is now £575 pa and service charge approximately £1900 pa.
We ask that you confirm this information with your solicitor prior to completion. A second floor studio apartment.
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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FAQ
About 71, Springfield Mill, Nottingham
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