2-bedroom flat · NG21 0JP
To rentListed 3 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
2 bedroom first floor flat comprising of brand new interior with kitchen, bathroom, central heating boiler, flooring and decoration.
The flat has a small communal ground floor entrance for just two flats, then entrance door, staircase up to first floor, landing with fitted cupboard, 2 bedrooms, shower room consisting of large cubicle / vanity wash basin / WC, spacious lounge, separate kitchen with built in oven and hob.
There is gas central heating and UPVC double glazing. Outside is parking in a car park area (not allocated) plus further on street parking.
The flats are located on the first floor above a parade of funeral director, barbers, chip shop and pharmacy. Garage dimensions Garage 4.57m x 2.48m x 2.48m high at lowest / 3.7M at highest .
Lighting and power sockets inside Material Information - Access - 1st floor apartment. Initial entrance into a communal hallway with staircase leading up to the flat.
Electricity and gas supply: Mains connection Water and sewerage status: Mains connection Heating and hot water status: Gas central heating.
Broadband and mobile phone coverage: see checker.ofcom.org.uk. Flood risk in this location: Surface water = Very Low. River/Sea = Very Low.
Flood risk from Groundwater = This location is outside of a groundwater flood alert area Flooding from reservoirs = unlikely in this area. Coal mining area location: located on the coalfield.
Council: Newark and Sherwood Council.
Any planning permission in the area: see newark-sherwooddc.gov.uk/planning-building-control/planning Terms And Conditions - Costs to move in to this property = Initial holding deposit, equivalent to 1 weeks rent (not a fee and will go towards balance of move in monies if tenancy goes ahead), being £167.00.
Tenancy deposit, equivalent to 5 weeks rent, being £836.00. First months rent in advance.
Kingswood Residential Investment Management are residential lettings specialists and members of ARLA Propertymark, The Property Ombudsman, Tenancy Deposit Scheme and the Propertymark Client Money Protection Scheme.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Sherwood Parade Kirklington Road, Rainworth, NG21 0JP
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