Compact buy-to-let with allocated parking and strong gross income.
Two-bedroom first-floor flat with tenants in situ
A compact two-bedroom first-floor flat offered with tenants in situ, currently producing £8,700 per annum. The property is being sold via secure online auction and suits cash buyers or investors looking to add an income-producing unit close to Hucknall town centre and transport links. The apartment benefits from double glazing, gas central heating and an allocated parking space — practical features that support tenant demand.
Practical positives include a fitted kitchen, a generous lounge/dining area and an allocated off-street parking bay. The flat sits within a purpose-built block constructed around 1996–2002 and has a remaining lease of 101 years. Service charges and maintenance are managed corporately; the current annual service charge is £2,164.
There are material negatives to note: the flat is small (approx. 517 sq ft), broadband speeds are slow, and the wider area records high crime and relative deprivation. The kitchen is functional but dated and the building’s communal aspects should be inspected. This is a straightforward investment play — good gross income against the guide price — but buyers should budget for service charges and factor local area challenges into rental assumptions.
Viewings will be arranged in line with the auction timetable. This is most appropriate for experienced buy-to-let investors or cash purchasers who understand leasehold management and are comfortable operating in higher-risk rental locations.
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