Modern Method of Auction
Auction date not yet published
2-bedroom flat · NG25 0JG
For saleReduced £10k (−7.7%) on 25 SepListed 60 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary *no onward chain* A well-presented two-bedroom apartment located in a highly sought-after development in the popular town of Southwell.
The property benefits from spacious accommodation, an allocated parking space, and a convenient location close to a range of local amenities.
Description Offered to the market with no onward chain, this two-bedroom second floor apartment is situated within a highly sought-after residential development in the heart of the popular Minster town of Southwell.
The accommodation is well maintained throughout and comprises a welcoming entrance hall, a spacious living area, a modern fitted kitchen, two well-proportioned bedrooms and a contemporary three piece bathroom suite.
The second floor position provides a peaceful setting with attractive views, while the apartment benefits from an abundance of natural light throughout.
Externally, the property has an allocated parking space and well-kept communal grounds.
Palmers Court is conveniently located in the historic market town of Southwell, one of Nottinghamshire’s most desirable locations.
Renowned for its rich history and strong community feel, Southwell offers a wide range of shops, cafés, restaurants and everyday amenities alongside it's biggest attraction - the spectacular Southwell Minster.
Southwell also benefits from highly regarded schooling and good transport connections, both by road and rail links with mainline services from Newark offering direct links to London.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Porch Entrance Hall A welcoming entrance hall with two storage cupboards and doors leading to all principal rooms.
Kitchen The kitchen is fitted with a range of wall and base units with work surfaces over incorporating a stainless steel sink and drainer, electric oven, gas hob with extractor hood, space for fridge/freezer and plumbing for a dishwasher and washing machine.
Complete with part tiled walls and a double glazed window to the side. Lounge Two radiators and a double glazed window to the side. Bedroom One Radiator and double glazed window to the side.
Bedroom Two Radiator and double glazed window to the side. Bathroom Comprising of WC, wash hand basin, bath with shower over, part tiled walls, radiator and obscure double glazed window to the side.
Outside The apartment forms part of a sought-after residential development and benefits from an allocated parking space together with well-kept communal grounds.
Agents Note Please note that an aml fee is chargeable to the buyer once an offer is accepted to cover the cost of carrying out the required identity and anti-money laundering checks.
Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
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.
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About 18, Palmers Court, Southwell
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