Summary -
Flat 2,2a, Sherwood Rise,NOTTINGHAM,NG7 6JN
NG7 6JN
2 bed 1 bath Flat
Vacant 2-bed ground-floor flat with long lease — ideal for buy-to-let investors..
Vacant ground-floor 2-bed flat, 517 sq ft, ready for immediate occupation or letting
Long lease: 243 years remaining gives long-term tenure security
For sale at online auction — 5% deposit plus 5%+VAT buyer's premium applies
High service charge: approx. £1,530 per year; ground rent £110 per year
Located between Carrington and Hyson Green — strong rental demand and transport links
Area notes: high local crime and significant deprivation — affects lettings and pricing
Compact accommodation with one bathroom — best for couples or sharers, not families
Fast broadband and excellent mobile signal — attractive to modern renters
This two-bedroom ground-floor flat in Sherwood Rise offers a compact, ready-to-let investment with vacant possession and long lease security. At 517 sq ft the layout suits rental demand in this popular Nottingham location close to city amenities, transport links and several Good-rated schools.
Sold at online auction (29 Oct 2025) the sale is unconditional: successful bidders must pay a 5% deposit plus a Buyer’s Premium (5% + VAT, min £5,000+VAT) and complete within 28 days. Buyers should review the legal pack and special conditions before bidding; pre-auction offers are considered under the same auction terms.
Costs and running charges are notable: an average service charge of £1,530 and £110 ground rent apply. The property is leasehold with 243 years remaining. The apartment is vacant on completion, which allows immediate refurbishment or re-letting but requires buyer-led works to personalise or modernise.
The area is an established rental neighbourhood between Carrington and Hyson Green with fast broadband and excellent mobile signal—good for tenants. Be aware the wider area records higher crime and levels of deprivation; factor this into rental pricing and management plans.
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