Summary - 16 BERKELEY COURT NOTTINGHAM NG5 2AU
2 bed 1 bath Apartment
Income-producing flat with long lease and straightforward maintenance profile.
Let to social housing provider, income £11,838.24 pa
A practical investment: this top-floor, two-bedroom apartment is offered with an existing social-housing tenancy producing £11,838.24 pa and no upward chain. The long lease (951 years) and mains gas central heating reduce headline ownership risks, while the open-plan lounge/kitchen/diner provides straightforward re-let appeal.
There are material costs to factor in. Leaseholders have agreed higher service charge contributions to fund overdue communal works — an additional c.£4.5k to be collected through staged increases to 2029. The current tenancy includes a 6‑month break clause usable by either party, so income is secure short-term but not guaranteed for the full term to 2027.
The flat is modest in size (approx. 593 sq ft) and shows typical mid‑century wear: cosmetic updating and selective remediation would raise rent or capital value. Note the local area has elevated crime and wider deprivation indicators; pricing and yield should be assessed in that context. This is a clear buy-for-income opportunity for an investor who can budget for the service-charge uplift and planned communal works.
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