Summary - 46 LOBELIA CLOSE NOTTINGHAM NG3 4PU
2 bed 1 bath Flat
Turnkey rented flat with strong yield potential; kitchen needs modernization..
Two double bedrooms, first-floor flat
A straightforward first-floor, two-bedroom flat in a quiet cul-de-sac, offered as a low-maintenance investment. The property is currently let at £675 pcm, providing an attractive gross yield of around 10% at the asking price. Long lease remaining and basic double glazing with gas central heating reduce immediate capital expenditure for a buyer.
Accommodation is simple and bright with an open-plan lounge and kitchen and two double bedrooms. The flat is ready for tenancy continuity but has clear update needs in the kitchen area — compact 1970s/1980s fittings, dated tiles and vinyl/laminate floors — which limit rental uplift without renovation.
This unit suits a cash buyer or a landlord seeking an income-producing purchase in NG3. The location benefits from local amenities, bus links and several nearby schools rated Good, but buyers should note the neighbourhood records above-average crime and a very deprived local area classification. These factors affect tenant profiles and long-term capital growth prospects.
Summary: reliable rental income and low-management overheads are the main positives. Consider planned kitchen modernization and local social indicators when assessing longer-term returns or exit strategies.
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