Summary - Apartment 49 The New Alexandra Court, Woodborough Road NG3 4LN
1 bed 1 bath Flat
Immediate income, central location — ideal for cash-focused investors.
- Gross annual yield 16.8% based on current rent (£770 pcm)
- Central NG3 location, close to transport and amenities
- Sold by Modern Method of Auction; leasehold terms apply
- Non-refundable Reservation Fee 4.5% (min £6,600) plus £300 pack
- Compact 440 sq ft one-bedroom fourth-floor apartment
- Electric room heaters; no central heating system
- Area classed very deprived with high local crime
- Currently let — income in place, sold with tenant
A high-yield, entry-level investment in central NG3, this one-bedroom fourth-floor apartment is offered with a sitting tenant paying £770 pcm. With an asking price of £55,000 and current rent in place, the property delivers a gross annual yield of 16.8% — attractive for buy-to-let portfolios seeking immediate income.
The flat is in a modern block (circa early 20th-century construction with later additions) and is compact at around 440 sq ft. It has double glazing and a contemporary kitchen, but heating is by electric room heaters rather than a central system. The accommodation will suit hands-off investors or those happy to maintain a pragmatic management approach to compact city flats.
Important transactional and local points: the sale is by the Modern Method of Auction and is leasehold. A non-refundable Reservation Fee of 4.5% (minimum £6,600) is payable on exchange, and a Buyer Information Pack fee of £300 applies. The immediate income and central location are strengths, but the area is classified as very deprived with relatively high local crime levels, and services such as electric heating and potential maintenance needs should be factored into ongoing costs and letting strategy.
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