Compact, let-ready flat with new boiler and permit parking near local amenities.
Three-bedroom second-floor apartment, approx. 627 sq ft
A compact three-bedroom second-floor apartment in Mapperley Park offered via Modern Method of Auction. The flat measures approximately 627 sq ft and presents ready-to-live-in accommodation with a contemporary fitted kitchen, living room and a three-piece bathroom — suitable for immediate rental or resale after minor cosmetic updating.
Key practical advantages include a recently installed gas boiler (September 2024) with a five-year warranty, off-street permit parking, fast broadband and 115 years remaining on the lease. Service charges and ground rent are notable ongoing costs: about £1,700pa service charge and £380pa ground rent. The property is sold leasehold and the council tax band is A (low).
Buyers should be aware this sale runs through an auction route requiring cash buyers, a fast 56-day completion window and a non-refundable reservation fee of 4.8% (minimum £6,600) payable on exchange. The building dates from the late 1960s/early 1970s and the block appearance and communal spaces are typical of that era. The wider area is a cosmopolitan, mixed-use neighbourhood with students and migrant families — useful for rental demand but potentially noisier than purely residential streets.
This apartment will suit investors seeking a straightforward, let-ready unit in Nottingham with minimal major works required, or a buyer wanting an affordable three-bedroom home who is comfortable with the auction process and associated costs. Arrange a full inspection, review the buyer information pack and check lender acceptability before bidding.
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