2-bedroom flat · NG16 1LB
Listing removedListed 53 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*** guide price £130,000 - £140,000 *** 'riddle' me this *** Looking for a step onto the ladder with the wow factor? This could be the property for you!
A brilliant two bedroom second floor apartment in the sought after village of Watnall.
Having recently undergone a renovation by the current vendors, including a brand new kitchen complete with breakfast bar. Other features include allocated parking and two good sized bedrooms.
Briefly comprising; entrance hallway with two storage cupboards and entry telecom system, two good sized bedrooms, bathroom, and a bright and airy open plan lounge/kitchen/diner.
Outside there is allocated parking and visitor parking. Lying close to surrounding countryside and walks, Kimberley town centre is also a short walk away for an array of shops and amenities.
Contact Watsons to arrange a viewing.
Entrance Hall Entrance door, intercom system, electric radiator, storage cupboard, airing cupboard housing the hot water tank, wood effect laminate flooring and doors to all rooms.
Open Plan Living Space 6.72m x 6.14m (22' 1" x 20' 2") A range of matching wall & base units, work surfaces incorporating an inset sink & drainer unit.
Integrated appliances to include: Waist height electric oven & hob with extractor over, washing machine, dishwasher and fridge freezer. Wood effect laminate flooring, 3 electric radiators.
UPVC double glazed windows to the rear & front. Bedroom 1 3.54m x 2.85m (11' 7" x 9' 4") UPVC double glazed window to the rear and electric radiator.
Bedroom 2 2.87m x 2.68m (9' 5" x 8' 10") UPVC double glazed window to the front and electric radiator. Bathroom 3 piece suite in white comprising WC, vanity sink unit and bath with shower over.
Vinyl flooring, electric radiator and obscured uPVC double glazed window to the rear. Outside There is a carpark with an allocated parking and visitor parking.
Agents Note The seller has provided us with the following information: The boiler is located in the airing cupboard in the entrance hall and is around 20 years old.
The electric certificate was up to date for rental purposes in 2024.
Lease Information We have been informed by our sellers that the property is currently held on a 150 year lease which commenced in 2004.
The annual ground rent is £242 per annum and maintenance charge of £1090 (As of August 2026).
Value & comps
No previous sales on record.
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 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 6, Riddles Court, Nottingham
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