We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · NG13 8YT
Sold STCListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** GROUND FLOOR APARTMENT ** 2 BEDROOMS ** SPACIOUS OPEN LIVING KITCHEN/RECEPTION ** NO UPWARD CHAIN ** PARKING SPACE ** CONVENIENT LOCATION ** VIEWING HIGHLY RECOMMENDED ** An excellent opportunity to purchase a ground floor apartment located within this contemporary development originally completed by Miller Homes in 2013.
The property offers a good level of accommodation extending to approximately 550 sq.ft.
and is easily accessible being located on the ground floor, opening the property up to those requiring single storey living.
The property is a light airy space with the main reception and kitchen area benefitting from a south to westerly aspect. The property also benefits from two double bedroom and a contemporary bathroom.
The main living space is a generous open plan living/dining reception which opens out into a fitted contemporary kitchen with integrated appliances that provides a versatile space perfect for everyday living and entertaining.
The accommodation all leads off a well proportioned central hallway with built in storage and security intercom for the main entrance door.
In addition the property benefits from UPVC double glazing, gas central heating and neutral decoration throughout and is being offered to the market with no upward chain.
As well as the internal accommodation the property occupies a convenient location within walking distance of the heart of the town with allocated an allocated parking space as well as additional visitor parking.
Overall viewing comes highly recommended to appreciate both the location and accommodation on offer.
Bingham - The market town of Bingham is well equipped with amenities including a range of shops, primary and secondary schools, doctors and dentists, leisure centre and railway station with links to Nottingham and Grantham.
The town is conveniently located for commuting situated at the intersection of the A52 and A46 and with good road links to the A1 and M1.
A COMMUNAL ENTRANCE DOOR LEADS THROUGH INTO AN INITIAL SHARED ENTRANCE LOBBY AND, IN TURN, THE PRIVATE ENTRANCE DOOR OF THE PROPERTY.
THIS IN TURN LEADS THROUGH INTO: Initial Entrance Hall - 3.15m max x 2.44m max (10'4" max x 8' max) - A well proportioned space that offers a good level of storage having large built in cupboard which also houses the electrical consumer unit, central ceiling light and point, wall mounted security intercom for the communal entrance door and, in turn, further doors leading to: Open Plan Living Kitchen - 7.01m max x 3.84m max (23' max x 12'7" max) - A well proportioned light and airy space which benefits from a south to westerly aspect and comprises an initial reception area open plan to a fitted contemporary kitchen.
The reception area would be large enough to accommodate both a living and dining space having deep skirtings, two central heating radiators and two double glazed windows to the front.
This area is open plan to a fitted kitchen with a generous level of gloss fronted wall, base and drawer units providing a good level of storage, having integral wine racks and shelving; laminate preparation surface with inset sink and drain unit with chrome mixer tap; integrated appliances including Zanussi four ring gas hob with single oven beneath; plumbing for washing machine with free standing Bosch washer dryer; further alcove housing a Siemens fridge freezer; wall mounted gas central heating boiler concealed behind a kitchen cupboard; deep skirtings, tile effect flooring and double glazed window to the south westerly side.
RETURNING TO THE INITIAL ENTRANCE HALL FURTHER DOORS LEAD TO: Bedroom 1 - 4.45m x 2.44m (14'7" x 8') - Having an initial entrance lobby leading through into a double bedroom having built in wardrobes with sliding mirrored door fronts, deep skirtings and double glazed window to the rear.
Bedroom 2 - 3.05m x 2.39m (10' x 7'10") - Large enough to accommodate a double bed but would make a generous single, having free standing wardrobe, deep skirtings and double glazed window.
Bathroom - 2.31m max x 1.91m max (7'7" max x 6'3" max) - Having a modern three piece suite comprising panelled bath with chrome mixer tap, wall mounted shower mixer and handset over and glass screen, close coupled WC and pedestal washbasin with chrome mixer tap and tiled splash backs, central heating radiator and inset downlighters to the ceiling.
Exterior - The apartment fronts Swale Grove with access to the rear via a courtyard area where there is a communal coved bike storage area and allocated parking belonging to the property.
Council Tax Band - Rushcliffe Borough Council - Band B Tenure - Leasehold Additional Notes - The Lease is 125 years from 1st January 2013.
We have been informed by the vendor that the current ground rent per annum is £175.00, (the seller has indicated this is not due to be reviewed until 2033) plus an additional service charge of approx £1,566.50 per annum.
There are associated fees payable to the management company when buying or selling the property.
We are informed the property is on mains gas, electric, drainage and water (information taken from Energy performance certificate and/or vendor).
Additional Information - Please see the links below to check for additional information regarding environmental criteria (i.e.
flood assessment), school Ofsted ratings, planning applications and services such as broadband and phone signal.
Note Richard Watkinson & Partners has no affiliation to any of the below agencies and cannot be responsible for any incorrect information provided by the individual sources.
Flood assessment of an area:_ Broadband & Mobile coverage:- Radon Gas:- School Ofsted reports:- Planning applications:-
Value & comps
No previous sales on record.
Returns
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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.
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