REF_HKI3185

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21% Below Market Value

NOTTINGHAM, NG16
1 BEDROOM GROUND FLOOR APARTMENT 
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Market Value :

Purchase price:

Discount :

Tenanted:

Achievable Rental Income:

Estimated Mortgage PCM:

Est Net Profit:

YIELD:

£89,000

£70,000

21%

YES

£450

£87

£327

8%

Hotkey Invest are proud to bring to the market this 1 bedroom ground floor apartment in Nottingham.

The property was valued in May 2022 at £89,000 (this can be provided upon request.)

This ground floor apartment in Nottingham is ideally located for an array of schools, walking distance to local amenities, close to Junction 26 of the M1 and excellent transport links to Nottingham City center. 

 

Briefly comprising: Entrance/Hallway, Lounge, Kitchen, one bedroom and the Family Bathroom. Externally to the rear there is a private Court Yard.

 

The property is currently tenanted paying £300pcm. We have been advised by the managing agent this could be increased to £450pcm.

This is a leasehold property with 985 years left on the lease. 

Nottingham is a city and unitary authority area in NottinghamshireEast Midlands, England. It is 128 miles (206 km) north of London, 44 miles (71 km) south of Sheffield, 45 miles (72 km) northeast of Birmingham

 

KEY FEATURES

 

1 Bedroom  

985 years on Lease

Fantastic transport links

Close to Junction 26 of M1

Tenanted 

21% Discount 

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FINANCIALS

(based on single family let)

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We insist any interested parties must satisfy themselves as to the accuracy on any information they receive by carrying out independent assessments or otherwise before making any commitment to participate. Click here for full disclaimer

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DISCLAIMER
IMPORTANT NOTICE: Hotkey Invest trading name for Hotkey Consultancy Ltd for themselves and for the lessors or vendors of this property whose agents they are give notice that:  1. No appliances, services or service installations have been tested and no warranty as to suitability or serviceability is implied. Any prospective purchaser or lessee is advised to obtain verification from their surveyor or solicitor.  2. The particulars are set out as a general outline only for the guidance of the intended purchasers or lessees and do not constitute, nor constitute part of, an offer or contract.  3. All descriptions, calculations, reference to condition and necessary permissions for use and occupation and other details are given in good faith and are believed to be correct but any intending purchasers or lessees should not rely on them as statements or representation of fact but satisfy themselves by inspection or otherwise as to the correctness of each of them before making any commitment to participate.  Calculations have been rounded up or down accordingly. 4. No person in the employment of Hotkey Invest has any authority to make or give any representation or warranty whatsoever in relation to this property.  5. All rentals and prices are quoted exclusive of Stamp Duty, legal and surveyors fees and any other associated purchasers or lessees costs.  6.  Floor plans are indicative only and should not be relied on.  7. The map showing the boundary of the property postcode is indicative only and has not been checked against the legal title so should not be relied on.  8.  All dimensions, floor areas and site areas are only approximate and should not be relied on.  Dimensions are generally maximum room dimensions.  9. Hotkey Invest is not a regulated or licensed investment or financial advisor, therefore please seek independent financial advice.  10. Hotkey Invest is not a property management company for Serviced Accommodation, House of Multiple Occupation, Buy to Let and other, therefore please seek an independent management company before making any commitment to participate.  11. Hotkey Invest cannot be held liable for any losses whatsoever incurred as a result of any decisions made from relying on this report.