Summary - 1A CEDAR CLOSE SUTTON-IN-ASHFIELD NG17 3FG
1 bed 1 bath Flat
Income-producing one-bedroom flat with immediate rental returns and uplift potential.
1 bedroom flat with lounge, kitchen and bathroom
Let in situ producing £6,000pa; market rent potential £7,200pa
Asking price £56,500 — strong gross yield (~10.6%) at current rent
Leasehold with approximately 100 years remaining
Small garden; good mobile signal and fast broadband
Located in a very deprived area — steady rental demand but limited capital-growth outlook
Buyer’s Premium applies on purchase — additional acquisition cost
No flood risk; crime level average
A compact, purpose-fit buy-to-let on Cedar Close offering immediate rental income and clear upside for a hands-on investor. The one-bedroom flat is currently let and produces a gross annual income of £6,000, giving a strong headline yield on the asking price; figures suggest scope to increase to approximately £7,200 per year at market rents.
The property is a well-presented flat with lounge, kitchen, bedroom and bathroom, a small garden and around 100 years remaining on the lease — a straightforward holding for a portfolio. Broadband speeds and mobile signal are good, and there is no flood risk, which supports tenant demand. Local schools nearby have broadly positive Ofsted outcomes for primary education.
Buyers should note the location sits within a very deprived wider area classification and attracts social-rented households; this brings reliable rental demand but can affect long-term capital-growth prospects. A Buyer’s Premium applies to secure purchase — factor this into acquisition costs. The unit is best suited to investors or developers seeking a rental that is income-producing from day one with modest uplift potential.
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