Summary - 57A MAIN ROAD UNDERWOOD NOTTINGHAM NG16 5GP
1 bed 1 bath Flat
Vacant one-bed auction lot with rental potential — low start price, requires updating.
Vacant one-bedroom ground-floor flat, approx. 433 sq ft
A compact one-bedroom ground-floor apartment on Main Road, Underwood, offered for sale via online auction. The property is vacant and ready for immediate re-letting or refurbishment, presenting a straightforward purchase for an investor comfortable with auction conditions.
The flat is small (approx. 433 sq ft) with a reception room, kitchen, bedroom, bathroom and a rear yard. Construction dates to the early 20th century with solid brick walls and double glazing; heating is by electric room heaters and the EPC is rated F. Expect some updating—decor, heating, and insulation improvements are likely required to maximise rent or resale value.
Bidding opens at a low guide and the seller indicates achievable rental income around £700pcm (approx. £8,400pa), which gives clear income potential versus the low purchase price. Note this is leasehold and the sale carries an administration fee of £3,600 (inc. VAT) payable on exchange; purchasers must consult the legal pack for any additional disbursements and lease details.
This lot suits a hands-on investor or landlord looking for a low-entry purchase in a sought-after rental area. Viewings are arranged ahead of auction; buyers should allow for refurbishment costs and confirm council, lease and service charge commitments before bidding.
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