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See how verdicts work1-bedroom flat · NG3 6DR
Listing removedListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-maintained one bedroom second floor apartment within the popular McCarthy & Stone Parry Court Development for the over 60's, just a short distance to Mapperley's busy shopping area.
The property also has lift access and offers a unique open-plan layout! For sale with no upward chain!
Overview Accommodation consists of a spacious hall with a large walk-in cloaks/airing cupboard, single bedroom with built-in wardrobes, refurbished shower room and a spacious 'L' shaped living kitchen with picture window and a remote Velux window.
The building also has two residential lounges, a lift, guest suite, a well equipped laundry room, house manager, 24-hour emergency Careline system and stands within attractive fully maintained communal gardens and residents parking (spaces available by separate arrangement).
Entrance Hall With an entrance door from the communal hallway, large walk-in cloaks/airing cupboard also housing the smart electric metre and rcd board.
Security entry Intercom, electric convector heater and doors to all rooms.
Living Room With UPVC double-glazed picture window overlooking Hazel Grove, stone-effect fireplace and hearth with coal-effect electric fire and a wooden surround, electric storage heater and two ceiling light points.
The kitchen area has a range of wall and base units with granite effect worktops, tiled splashbacks and an inset stainless steel sink unit and drainer.
Integrated electric oven, separate built-in microwave, four-ring halogen hob, extractor hood, integrated freezer and separate fridge.
LED downlights and a large motorised Velux window with fitted blind.
Bedroom Built-in wardrobe with folding mirror doors, electric convector heater, TV aerial point and large motorised Velux window with fitted blackout blind.
Shower Room Refurbished showroom consisting of a large Aqua board walk-in shower enclosure with chrome main shower, wash basin with vanity drawers, mirror and light and a dual flush toilet.
Full height tiling to the remaining walls, tiled floor, heated towel rail, LED ceiling light, extractor and electric fan heater.
Outside The building stands within well-maintained communal gardens to the rear with various lawns, seating areas and residential parking, with on-site parking spaces available by arrangement with the building management.
Material Information Tenure:Leasehold lease details: Length term: 125 years From: January 2009 ground rent: £ - to be reviewed on: service charge: £ - to be reviewed on: council tax: Gedling - Band B property construction: Cavity Brick any rights of way affecting property: No current planning permissions/development proposals: No flood risk: Very low asbestos present: No any known external factors: No location of boiler: N/a Utilities - mains gas, electric, water and sewerage.
Mains gas provider: N/a mains electricity provider: Mains water provider: Severn Trent mains sewerage provider: Severn Trent water meter: Yes broadband availability: Please visit Ofcom - Broadband and Mobile coverage checker.
Mobile signal/coverage: Please visit Ofcom - Broadband and Mobile coverage checker. Electric car charging point: Not available.
Access and safety information: Lift access from communal lobby other information: - To purchase a property in this development you must be over 60 years of age.
*The lease information has been provided to Marriotts and to the best of our knowledge is correct.
Whilst every effort has been made to ensure the information is up to date, this can be subject to change without our knowledge and we, therefore, provide this as a guide only.* Full details of the freeholder, management company, lease, up-to-date service charge and ground rent will be supplied to you as part of the conveyancing process and checked by your solicitor should you proceed to purchase this property.
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
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 advisers 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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FAQ
About 47 Parry Court, Hazel Grove, Nottingham
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