Summary - 23 ARDMORE CLOSE NOTTINGHAM NG2 4GP
1 bed 1 bath Apartment
Ready-let one-bedroom with 8% gross yield and allocated parking.
Ground-floor one-bedroom apartment with tenant in situ at £700 pcm
This ground-floor, one-bedroom apartment is offered with a sitting tenant paying £700 pcm, presenting an immediate income stream and an advertised gross yield of around 8% at the guide price. The building has secure entry and allocated off-street parking, and the flat benefits from double glazing and a practical, modern layout across c.419 sq ft.
The property is leasehold (96 years remaining) and sold via online auction with immediate exchange options; buyers should allow for auction fees, a non-refundable deposit on exchange, and the usual AML verification and legal checks. Annual costs include a service charge of approximately £1,200 and a ground rent of £150, which affect net returns.
The apartment is heated by electric storage heaters and appears in a modern block constructed around 1996–2002. The local area is well connected to Nottingham city centre and amenities, though it sits in a very deprived area with a very high local crime rate—factors that may influence lettings, insurance, and long‑term capital growth.
Suitable for investors seeking an income-producing asset with immediate occupation, the flat also offers potential for light cosmetic updating to improve rent or revalue. Prospective purchasers should review the legal pack and tenancy details, and factor in service charges, upcoming maintenance obligations, and lease length when assessing value.
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