Summary - Apartment 7, 4, Vivian Avenue NG5 1AF
2 bed 2 bath Apartment
Income-producing, furnished Victorian conversion with parking and immediate Secure Sale completion..
- Two double bedrooms, each with en-suite bathroom
- Open-plan living/dining/kitchen with integrated appliances
- Furnished and tenanted to March 2026 at £900pcm
- Estimated gross yield c.7.3% at asking price
- Leasehold; annual service charge £1,736 and ground rent £324
- Electric room heaters—higher running costs than gas
- Top-floor Victorian conversion; 773 sq ft, off-street parking
- Located in a deprived area with a high local crime rate
A well-presented top-floor two-double-bedroom apartment in a converted Victorian building, offered as an investment with immediate exchange available via Secure Sale. Both bedrooms have en-suite bathrooms and the apartment is tastefully furnished with an open-plan kitchen/living/dining area and integrated appliances. Off-street parking is available from the Pelham Road entrance. The property is tenanted until March 2026 at £900pcm, producing an estimated gross yield of 7.3% at the asking price.
This is a leasehold unit (773 sq ft) with an annual service charge of £1,736 and ground rent of £324. Heating is by electric room heaters, which may mean higher running costs compared with gas-heated homes. The building sits about 1.25 miles north of Nottingham city centre with regular bus routes nearby and excellent mobile signal and fast broadband — useful for tenants or short-term letting.
Buyers should note material negatives: the property is in an area classified as deprived with a high local crime rate, and the tenure is leasehold with ongoing service charges. The apartment will be sold at auction/online bidding under Secure Sale terms, so purchasers must be prepared for a fast, legally prepared completion process.
Overall this is a straightforward buy-to-let opportunity for investors seeking an immediate income-producing property in a converted Victorian building close to Nottingham centre, but factor in service charges, electric heating costs and local area considerations when assessing long-term returns.
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