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See how verdicts work2-bedroom flat · NG5 1QH
Listing removedReduced £10k (−7.4%) on 14 AugListed 499 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Immaculate two double bedroom second-floor apartment in a quiet Sherwood cul-de-sac with allocated parking.
Ideal for first-time buyers or investors, offering open-plan living, modern shower room, and fitted kitchen. Close to Sherwood’s vibrant high street, City Hospital, and Nottingham City Centre.
Viewing recommended.
** offer's over £135,000 ** Two double bedroom apartment in quiet cul-de-sac with parking The property is an ideal purchase for a first-time buyer or investor ready to purchase an immaculate property lettable on day one.
The apartment is situated within a purpose-built block set within a quiet cul-de-sac position on a popular residential estate which is within easy reach of Sherwood's fantastic amenities and facilities and Nottingham city centre.
Constructed of brick to the external elevation all under a tiled roof whilst deriving the benefit of modern conveniences such as gas central heating and double glazing throughout.
In brief, the accommodation comprises a communal entrance hallway, inner lobby, two storage cupboards, access to loft storage space, main double bedroom, second double bedroom, modern bathroom, open plan living/dining room with feature bay window and a fitted kitchen.
Sherwood is a sought-after location conveniently situated for Nottingham city centre and the ring road, ideally positioned for the City Hospital whilst having access to the local amenities and facilities provided by the thriving high street within Sherwood itself.
Sherwood is an extremely popular area for people to settle, favoured by the young and older alike.
The community is well established with its own selection of local shops which cater to most needs, ideally situated for easy access to Nottingham city centre, local schools are close to hand if required with a variety of recreational facilities catering for most tastes.
Contact the office to make your appointment to view today.
Entrance Lobby (1.09m x 1.22m approx (3'7 x 4' approx )) Secure entry door to the front elevation, ceiling light point, electrical consumer unit, internal panelled door leading through to: Entrance Hallway (3.63m x 2.01m approx (11'11 x 6'07 approx)) Ceiling light points, wall mounted radiator, loft access hatch providing additional storage space, secure entry communal telephone system, two built-in storage cupboards providing useful additional storage space, panelled doors leading off to: Kitchen (2.72m x 2.64m approx (8'11 x 8'8 approx)) With a range of matching wall and base units with laminate worksurfaces over incorporating a stainless steel sink with mixer tap over, integrated oven with four ring hob above and extractor hood over, space and point for freestanding fridge freezer, space and plumbing for automatic washing machine, UPVC double glazed window to the front elevation, wall mounted radiator, ceiling light point, tiled splashbacks, linoleum floor covering, baxi gas central heating combination boiler housed within matching storage cabinets, pelmet lighting.
Family Bathroom (2.69m x 1.63m approx (8'10 x 5'04 approx)) Modern white three piece suite comprising panelled bath with mains fed shower over, pedestal wash hand basin, low level flush WC, UPVC double glazed window to the rear elevation, wall mounted radiator, tiled splashbacks, extractor fan, linoleum floor covering.
Bedroom Two (2.29m x 2.90m approx (7'06 x 9'06 approx)) UPVC double glazed window to the rear elevation, wall mounted radiator, ceiling light point, carpeted flooring.
Bedroom One (2.69m x 4.01m approx (8'10 x 13'02 approx)) UPVC double glazed window to the rear elevation, wall mounted radiator, ceiling light point, carpeted flooring.
Lounge Diner (5.66m x 3.84m approx (18'7 x 12'07 approx)) Ample lounge diner offering flexible versatile space comprising multiple UPVC double glazed windows to the side and front elevations providing ample natural daylight, ceiling light points, wall mounted radiators, carpeted flooring.
Outside With secure communal entrance hallway, allocated parking, visitor parking and communal gardens.
Agents Notes: Additional Information Council Tax Band: B Local Authority: Nottingham Electricity: Mains supply Water: Mains supply Heating: Mains gas Septic Tank : No Broadband: BT, Sky, Virgin Broadband Speed: Standard 13mbps Ultrafast 1800mbps Phone Signal: 02, Vodafone, EE, Three Sewage: Mains supply Flood Risk: No flooding in the past 5 years Flood Defences: No Non-Standard Construction: No Any Legal Restrictions: No Other Material Issues: No A two bedroom second floor apartment with A shared communal garden and allocated parking
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.
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FAQ
About 51, Sheridan Way, Nottingham
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