Summary - 19 THOMAS CLOSE NOTTINGHAM NG3 1PA
2 bed 1 bath Apartment
Immediate rented income in a compact, low-cost holding investment.
Two double bedrooms and fitted kitchen, ready to let or occupy
Produces £900 pcm (£10,800pa) under existing AST tenancy
Small overall size — approximately 453 sq ft
Leasehold with c.82 years remaining; check lease terms
Very low service charge (£3.36pa) and small ground rent (£22.40pa)
EPC rating D; communal heating via community scheme (investigate costs)
Located in a very deprived area with above-average crime rates
Sold at auction 29/10/2025 — 5% deposit and buyers’ fee apply
A two-bedroom first-floor apartment offered at auction with immediate rental income of £900pcm (£10,800pa). The flat sits in a purpose-built block from the late 1970s and is presented internally to a good standard with a fitted kitchen, two double bedrooms and a bathroom — making it a straightforward buy-to-let or starter home that can be occupied without major immediate works.
Financially this is a clear investor opportunity: current AST tenancy producing income, low annual service charge (£3.36) and modest ground rent (£22.40). The remaining lease term is c.82 years; buyers should factor typical leasehold implications and check the legal pack for any review periods and additional costs before bidding.
Known negatives are material and should inform bidding: the property is in a very deprived area with above-average crime rates, an EPC rating of D, and the wider neighbourhood is an established renting-family area which may limit owner-occupier resale premiums. The apartment is small (approx. 453 sq ft) and the communal heating is delivered via a community scheme (main fuel: waste combustion), which potential buyers may wish to investigate for long-term running costs.
This sale is by auction on 29 October 2025 and will be unconditional on exchange. Interested parties must review the legal pack carefully — the sale requires a 5% deposit (minimum £5,000) and a buyers’ fee. For investors seeking immediate yield with low holding charges, this property offers clear cashflow; for other buyers, the lease length, location and communal heating type are important considerations.
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