Summary - Sherwood Rise, Nottingham, Nottinghamshire, NG7 NG7 6JN
2 bed 1 bath Flat
Affordable two-bedroom near Nottingham centre, ideal for rental income.
- Two double bedrooms with good natural light
- Open-plan living room and kitchen, contemporary styling
- Allocated off-street parking space included
- Fast broadband and excellent mobile signal
- Leasehold tenure; check lease length and service charges
- Sold at auction: 56-day completion and non-refundable fees apply
- Located in a deprived area with higher crime rates
- Suitable for rental but factor in insurance and letting considerations
This ground-floor, two-bedroom leasehold apartment sits a short walk from Nottingham city centre and transport links, offering strong rental potential for investors. The open-plan living area and contemporary kitchen provide practical, low-maintenance accommodation that appeals to young professionals and students.
Both bedrooms are double-sized and benefit from good natural light through large windows. An allocated off-street parking space adds convenience in a densely populated area where parking can be scarce. Broadband speeds are reported fast and mobile signal excellent — useful for tenants who work from home.
Buyers should note this property is being sold at auction via the Modern Method of Auction. A non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee (£300) are payable on reservation; completion is required within 56 days. The property is leasehold and located in an area with a higher crime rate and wider area deprivation, which will affect letting demand and insurance costs.
Overall this apartment offers an entry-level investment close to public transport and city amenities. It suits buyers prepared to proceed via auction and factor in the reservation costs, leasehold considerations, and local area profile when calculating yield.
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