Summary - 23 Constable Court, Carlton NG4 1RW
1 bed 1 bath Flat
Secure income with a long lease and off-street parking in a commuter-friendly spot.
- Sitting tenant paying £725 pcm fixed until August 2027
- Quoted gross yield approximately 7.25% at guide price
- One double bedroom, open-plan living and kitchen, one bathroom
- Off-street parking within gated development
- Long lease: 248 years remaining
- Service charge £840pa; ground rent £250pa
- Heating via electric room heaters (no gas central heating)
- Medium flood risk and above-average local crime rates
A compact, one-bedroom apartment sold as a ready-made investment in a gated Carlton development. A sitting tenant pays £725 pcm on a fixed tenancy until August 2027, producing a quoted gross yield of around 7.25% at the guide price band.
Practical benefits include off-street parking, a long lease (248 years remaining), a modest annual service charge (£840) and a small ground rent (£250). The flat offers an open-plan living, dining and kitchen area, an inner bathroom and the convenience of nearby shops, bus links and a short commute to Nottingham city centre.
Buyers should note material drawbacks: heating is by electric room heaters (no gas central heating), the site sits in a medium flood-risk zone and local crime levels are above average. The area is described as relatively deprived — factors investors should factor into rental demand and insurance costs.
This is most suitable for investors seeking an income-producing asset with minimal immediate work. The sitting tenant gives immediate cashflow but limits vacant possession opportunities until the tenancy ends in 2027.
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