Modern ground-floor flat with immediate £1,000pcm income and 9.6% gross yield.
Two double bedrooms with ensuite and main bathroom
A ground-floor, two-bedroom apartment in Nottingham City Centre offering immediate rental income and city-living convenience. The open-plan living space, modern finishes and an ensuite to the main bedroom present straightforward appeal for lettings or a first home. EPC rating C and double glazing are practical benefits for running costs.
The flat is sold with a sitting tenant paying £1,000 pcm until October 2025, which delivers a marketed gross yield of 9.6% at the asking price. The 689 sq ft layout is average-sized with two double bedrooms and two bathrooms, making it easy to let to sharers or professionals working in the city and nearby transport hubs.
Notable costs and local context are important: the property is leasehold (166 years remaining) with a service charge of around £2,400pa and a ground rent of £1,000pa. The immediate neighbourhood is a cosmopolitan, student-focused area with high local crime levels and higher deprivation indicators — factors that will affect tenant mix, insurance and management requirements.
This property suits buy-to-let investors seeking positive immediate returns or buyers who want a modern city-base and can accept the running costs and neighbourhood profile. The existing tenancy provides secure income now, but viewings and vacant possession will be subject to the tenancy term.