Summary - 2 NORBRECK CLOSE NOTTINGHAM NG8 6EE
3 bed 1 bath Semi-Detached
Immediate rental income with potential for value uplift via refurbishment.
Long-term tenant in place, producing £10,200 gross annually
A straightforward three-bedroom semi-detached house offered with a long-standing tenant in place, producing a current gross rental income of £10,200 per year. The property is freehold, has private off-street parking and front and rear gardens, and sits on an average-sized suburban plot — attributes that appeal to buy-to-let portfolios seeking immediate income.
The house is in a very deprived ward with a high local crime rate; this will affect tenant demand, management costs and valuation growth. Internally condition is not fully documented from the materials provided, so purchasers should allow for potential cosmetic or systems work and inspect for damp, wiring or boiler issues before purchase.
This is best suited to investors or developers comfortable buying with a tenant in situ. The existing tenancy has run reliably for several years, offering continuity of income, but any investor should factor in tenant rights, notice periods and the cost of estate management. A buyers premium applies on sale and should be included in acquisition cost calculations.
For portfolio buyers, the combination of immediate yield, private parking and gardens offers let-ready fundamentals; for developers there may be modest scope to add value through internal refurbishment or layout improvements subject to survey findings and local planning considerations.
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