1 Bed Flat For Sale St. Marys Gate, Nottingham, NG1

£145,000- Flat

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Last Updated: 26th June 2024

Description

Investment opportunity

One double bedroom apartment with underground parking, located in The Living Quarter, a popular development located in the heart of the city overlooking Lace Market Square.

This well presented apartment offers an open plan living space with floor to ceiling windows. The bedroom is of good size with fitted wardrobes.

To complete the property from the inner hallway, family-style bathroom with shower over bath and small store cupboard.

Underground gated parking included behind electric gates.

The Living Quarter development is very well kept throughout and is located just a minutes walk from the Nottingham Lace Market tram stop and 10 minutes from Nottingham Train station.

Potential monthly rental income of £895-925pcm giving an estimated gross yield of 7.7%

Internal viewing very highly recommended.

Council: Nottingham City Council

EPC rating: B

Council Tax Band: C

Tenure: Leasehold

Lease length: 125 years from January 1st 2006

Service charge currently: Quarterly service charge approximately £395.00

Ground rent: Paid in two instalments of £189.98 in March and the same amount in September

Insurance: £259.70 - 29th May 2023 to 2024

Please note all figures above have been provided by the seller. We would encourage you to have these verified by your legal adviser.
Agent Details
Cavendish Residential
1, Adams Walk, Nottingham, NG1 1QS
Show Contact Number
0115 941 0656

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested