Summary - Flat 3 Studio House, 22 Mount Street, New Basford, Nottingham NG7 7HX
2 bed 1 bath Apartment
Low-entry investment with character and high ceilings, sold via online auction.
Two-bedroom converted factory apartment with high ceilings and character
A two-bedroom converted factory apartment offered at a low starting bid, presenting a clear low-entry investment opportunity in New Basford. The loft-style unit benefits from high ceilings, exposed brick character and a compact modern kitchen — features that attract renters and buyers seeking industrial-style homes.
The property is leasehold with 120 years remaining, an annual service charge of about £1,100 and ground rent of £125. Heating is by electric room heaters and the main fuel is electricity; this increases running costs and may affect rental appeal. Council Tax Band B is relatively cheap and there is no flood risk.
Location factors include fast broadband, excellent mobile signal and nearby schools rated Good, but the area is very deprived and crime is above average. The apartment is sold via an online auction with immediate exchange possible; a legal pack is available and buyers should complete identity verification and review legal documents before bidding.
This lot suits investors or buyers seeking a project with character and rental potential at a modest capital outlay. Be pragmatic about maintenance and running costs; the property will likely need ongoing management or minor upgrades to maximise returns.
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