Summary - 645 WESTERN BOULEVARD NOTTINGHAM NG8 5GR
3 bed 1 bath Apartment
High-yield flat for experienced buy-to-let investors seeking refurbishment projects.
- 10.2% quoted gross yield (based on current rent)
- Let in situ at £810 pcm, immediate rental income
- Garage in block plus shared rear parking available
- Requires full modernisation; refurbishment costs likely
- Leasehold with 77 years remaining; mortgage risk possible
- Sold at auction with eight-week exchange; investor timing
- Located near Nottingham centre and train station access
- Area classified as deprived; above-average crime rates
A three-bedroom, 766 sq ft leasehold apartment offering clear buy-to-let potential in NG8. Currently let for £810 pcm, the property delivers a strong quoted gross yield of 10.2%, and includes a garage in a block plus shared rear parking. Its location provides good access to Nottingham town centre and the train station, useful for tenant demand.
The flat requires modernisation throughout—cosmetic and likely electrical/plumbing updates are needed—and dates from the 1930s–1940s with assumed solid brick walls and limited insulation. It is sold with tenants in situ and will be offered at auction with an eight-week exchange, so purchasers should be prepared for a quick, investor-focused transaction.
Buyers must note material drawbacks: the remaining lease term is 77 years, which could restrict mortgage availability and reduce long-term resale value; lenders may refuse to lend. The wider area is classified as deprived with above-average crime rates, factors to weigh against the attractive headline yield.
For investors able to buy at auction with cash or bridging finance, this apartment offers rental income immediately and scope to enhance value through refurbishment and energy improvements. Factor in refurbishment costs, potential lease extension expense, and the local market profile when assessing total return and exit strategy.
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