Summary - 108 COMMERCIAL ROAD NOTTINGHAM NG6 8HU
3 bed 1 bath Terraced
Established rental income and clear renovation potential near local amenities.
- Three bedrooms across three floors
- Sold with tenant in situ producing £9,600 pa
- Freehold with small private rear garden and gated access
- Requires modernization throughout; cosmetic and likely mechanical work
- Guide price £99,500+; sale by online auction
- Buyer’s premium 3% (min. £4,500) payable on completion
- Very high local crime and very deprived area
- Medium flood risk; check insurance implications
A three-storey mid-20th-century property offered for sale by online auction, promoted with a guide price of £99,500+. The house is sold with a sitting tenant producing £9,600 per annum and is freehold; view this as a straightforward let-investment or a small refurbishment project for capital uplift.
Accommodation spans three floors with a front living room, rear kitchen, two first-floor bedrooms and a large second-floor double. Externally there is a small private rear garden with gated access and on-street parking to the front. The property requires modernization throughout — cosmetic and likely mechanical updates are needed to bring it up to contemporary standards.
Key risks for buyers are the location context and sale method: the property sits in a very deprived area with very high local crime figures and medium flood risk, and it will be sold at auction subject to buyer’s premium (3% min. £4,500). The tenancy means possession is subject to the tenant’s rights and paperwork in the legal pack; check occupancy terms and service records before bidding.
For investors the guaranteed rent stream and low guide price may produce an attractive gross return at the guide level. For owner-occupiers willing to renovate, the house offers three-bedroom accommodation and convenient access to local shops, schools and transport links into Nottingham. Factor in refurbishment costs, possible tenancy notice periods, and auction fees when assessing the purchase.
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