1-bedroom flat · NG2 3AN
For saleListed 223 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Asking price £100,000. We are delighted to being to market this spacious one bedroom apartment located in the desirable Hicking Building development.
With accommodation briefly comprising open plan kitchen/living room, separate bedroom area and bathroom the property also benefits from lift access and fob entry.
The property is currently let for £795pcm generating a gross yield of 9.5%.
Entrance Hall 2.08m (6'10) x 2.13m (7') Entrance door to communal Hallway, electric heater, entry phone, airing cupboard housing hot water system.
Kitchen/Dining/Living Room 4.21m (13'10) x 4.48m (14'8) Kitchen fitted with a matching range of base and eye level units with worktop space over, 1+1/2 bowl stainless steel sink unit, integrated dishwasher, washing machine, fridge/freezer, stainless steel electric oven with hob and extractor over, tiled splash backs, two double glazed window to front, electric heater.
Bedroom 2.71m (8'11) x 3m (9'10) Electric heater. Bathroom 2.09m (6'10) x 1.68m (5'6) Fitted with a three piece suite comprising bath with shower over, wash hand basin and W.C.
Heated towel rail and tiling to walls. Investment Opportunity The property is currently let for £795pcm generating a gross yield of 9.5%.
Lease Details Lease: 103 years remaining Service Charge: £1728 Ground Rent: £150 Disclaimer Walton & Allen, their clients and any joint agents give notice that 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They assume no responsibility for any statement that may be made in these particulars.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or other consents and Walton & Allen s have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise. Viewing 24hrs Notice To arrange a viewing on this property please contact our Sales Team at Walton & Allen on Nottingham .
Please note 24hrs notice is usually required on this property. Free Mortgage Advice Walton & Allen offer free initial mortgage advice.
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Call or respond to this advert. *A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
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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 The Hicking Building, Queens Road, NG2
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