Summary - 48 WYTON CLOSE NOTTINGHAM NG5 5GW
2 bed 1 bath Flat
Tenanted two-bed flat with income potential close to transport and amenities.
Two double bedrooms with open-plan kitchen/reception, comfortable living layout.
Sold with tenants in situ — immediate rental income and 7% yield quoted.
82 years remaining on lease — lease extension likely needed soon.
Modest service charge (£372.19pa) and very low council tax (Band A).
Communal off-street parking and fast ultrafast broadband available.
Signs of damp on living-room ceiling — requires inspection and repair.
Period system-built construction; likely limited wall insulation and refurbishment need.
Mains gas central heating and double glazing fitted (installation dates unknown).
This first-floor, two-double-bedroom flat in Bestwood is offered with tenants in situ, presenting a ready-made income stream and an estimated rental yield around 7%. The open-plan kitchen and reception creates a bright living space and the four-piece bathroom adds flexibility for tenants or sharers. Communal off-street parking and fast broadband are practical benefits for rental demand.
The building dates from the late 1960s/early 1970s and the flat shows typical period construction; there are signs of damp on the living-room ceiling that will need investigating and repair. The service charge is modest at £372.19pa, but the lease has only 82 years remaining — this is a material issue for future mortgageability and will require early lease extension or budgeting for associated costs.
For investors this is an attractive, low-maintenance addition to a portfolio: tenants remain in situ, mains gas central heating is fitted and running costs appear low (Band A council tax). For a buy-to-let buyer willing to manage a lease extension and address the damp, the property offers good short-term income and medium-term capital potential in a well-connected part of Nottingham.
First-time buyers or owner-occupiers should note the leasehold status, limited lease term and the need to resolve the damp before moving in. A survey and solicitor checks are recommended to confirm management arrangements, ground rent obligations and any required building works.
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