Summary - 20 MALCOLM CLOSE NOTTINGHAM NG3 5AP
2 bed 1 bath Apartment
Two-bedroom investment with gated parking and strong rental yield.
Tenanted until Dec 2025 at £800pcm (immediate income)
This two-bedroom leasehold apartment in Malcolm Close sits within a gated development popular with renters. With two double bedrooms and about 743 sq ft of living space, the flat is currently let at £800pcm until December 2025, giving an approximate gross yield of 8.4% — an immediate income opportunity for investors.
The property benefits from secure off-street parking behind fob-controlled electric gates, a semi open-plan kitchen, and bright living accommodation with modern flooring and large windows. The long lease (999 years from 1976) and low ground rent (£40pa) add tenure stability, and local amenities and good transport links make this a sought-after rental location.
Notable running costs and condition points: the service charge is £2,052pa and the EPC is rated E. Heating is via electric storage heaters and the original cavity walls are assumed uninsulated, which may affect energy costs and tenant comfort. These factors present straightforward refurbishment potential to improve energy efficiency and rental value.
Overall this is a practical buy-to-let with reliable rental income and scope for value uplift through targeted improvements to heating and insulation. The apartment’s current tenancy should be considered in timing any refurbishment or vacant possession plans.
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