Auction Property 1 Bed Flat 

Derby Road, Nottingham

Photos

Arrange viewing Make pre-auction Offer

Features

  • Auction date: 28 & 29 October 2020
  • Sale by Joint Fixed Charge Receivers
  • Ideal FTB or BTL opportunity
  • One bedroom fifth floor apartment
  • Spacious open plan living room & kitchen
  • Sold with vacant possession
  • Potential rental income of £675 pcm (£8,100 pa)
  • Potential gross yield of 10.8%
  • Private balcony
  • Approx. floor area 47.88 m2 / 515 ft2

Quick Details

1 Bedroom1 Reception1 Bathroom

Address

66, Park West Derby RoadNottinghamNG7 1LU
Details
Map
Viewing | Pre-auction Offer

Property Details

•Auction date: 28 & 29 October 2020
•Sale by Joint Fixed Charge Receivers
•Vacant one bedroom apartment
•Potential income of £675 pcm (£8,100 pa)
•Potential gross yield of 10.8% based on the guide price
•Open plan living and kitchen area

•Auction date: 28 & 29 October 2020
•Guide Price: £75,000+
•Vacant one bedroom apartment
•Potential income of £8,100 pa
•Potential gross yield of 10.8%

A one bedroom apartment located on the fifth floor within this popular development on Derby Road by Canning Circus.

Access to the development is via a set of steps, leading to an electric gated entrance into the main courtyard area. Once inside the building, the apartment is within section Core 2 and has lifts or a set of stairs to the fifth floor.

Canning Circus is at the top of Derby Nottingham less than one mile to the north west of Nottingham market square.

Description

Upon entering the apartment, a corridor leads to the spacious open plan kitchen and living area, past the bathroom and double bedroom, which is adjacent to the main living space.

The kitchen is modern and comes with; an integrated oven with four ceramic hobs, extraction hood, stainless steel sink and drainer, fitted base and eye level cupboards and wood effect laminate flooring. There is space for a washer / dryer and a fridge freezer.

The bedroom benefits from a built in wardrobe, and has been fitted with wall mounted lights and electric radiators. The bathroom has tiling to the floor and part tiled walls, and is fitted with; a bath with overhead shower, hand basin and toilet.

The property also benefits a private balcony, and secure door entry system on arrival.

Cladding Issue

We have been advised the building potentially has cladding issues.

Accommodation

Approx. gross internal floor area 47.88 m2 / 515 ft2

Services

We understand the property benefits mains electricity, water, and drainage. However, interested parties should carry out their own enquiries.

Tenure

Leasehold - please see legal pack.

Guide Price

£75,000+

Council Tax

This property is rated in Council Tax Band B. Annual council tax payable for 2020/2021 is £1,648.

VAT

No VAT applicable on the purchase price.

Investment Analysis

This property is currently vacant. However, we believe the property is likely to let at £675 pcm (£8,100 per annum). This reflects a potential gross yield of 10.8%, based on the guide price.

Viewing

Viewings by appointment only. Please contact a member of John Pye Property on 0115 970 6060 or email property@johnoye.co.uk to arrange an appointment.

Sell Your Property

If you are thinking of selling your property, contact us now for a free appraisal and benefit from:

•0% Seller Fee
•£0 Entry Fee
•£0 Marketing Costs
•20 Working Day Completion
•Monthly auctions

Location Map

Viewing | Make Pre-auction Offer

Contact Details:

Your message has been sent.