Summary - 45 Forest Road, Clipstone Village NG21 9DU
2 bed 1 bath Town House
Let property with scope to increase income via reconfiguration and improvements..
Tenants in situ; current rent £545 pcm (last uplift March 2024)
This freehold two-double-bedroom mid-terraced house is offered as a let investment with long-standing tenants in situ. It generates a modest rent of £545 pcm (last increase March 2024) and benefits from mains gas central heating, double glazing and an electrical condition report dated 2022.
The layout includes a through lounge, separate dining room and fitted kitchen. The first floor currently provides two large double bedrooms and a bathroom, but the first-floor plan can be reconfigured to add a third bedroom and bathroom — a straightforward change likely to improve rental yield or market value. Externally there is ample communal car standing to the front and a tiered rear garden with both artificial and real lawn, enjoying views over adjacent allotments.
Notable limitations are the low current rent relative to local market potential, and the property’s basic construction era features (cavity walls assumed without added insulation). The vendor notes the home is generally well maintained, but purchasers should expect routine maintenance and potential upgrades to heating, insulation or finishes to modernise and maximise income. Council tax is band A, and broadband and mobile signal are strong in the area.
Overall this is a practical, let-ready asset for an investor seeking a low-complexity rental with clear scope to add value through reconfiguration and improvements. Because tenants remain, viewings and any early changes will need tenant cooperation and appropriate notice.
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