Summary - 8, Malcolm Close, NOTTINGHAM NG3 5AP
2 bed 1 bath Apartment
Two-bed gated apartment with parking and strong rental potential.
Two double bedrooms with spacious living/dining room
Set within a gated development in NG3, this two-double-bedroom apartment suits first-time buyers and buy-to-let investors seeking straightforward rental income. The accommodation includes a large living/dining room, separate fitted kitchen with appliances, and a family bathroom. Secure, electric-gated parking and a short walk to Nottingham city centre add practical appeal.
The property is offered leasehold with approximately 950 years remaining, a modest ground rent (£40 pa) and an annual service charge of around £2,000. Current figures indicate a potential rent of £995pcm, which equates to an estimated gross yield of roughly 10% at the asking price. Council Tax is in band A and EPC rating is D.
Buyers should note some material disadvantages: heating is by electric room heaters, the building appears to be a system-built block from the late 1960s–1970s with assumed lack of wall insulation, and the EPC D rating signals limited energy efficiency. The area shows higher deprivation levels, though the neighbourhood mixes students and local residents and offers good broadband and mobile signal.
Overall this apartment offers practical space and immediate rental potential, but requires realistic budgeting for energy costs and ongoing service charges. Interested buyers and investors should verify rent, service charge, lease and energy information with their solicitor or surveyor before proceeding.
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