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2 bedroom flat for sale
Calverton Road, Nottingham NG5
£90,000
Calverton Road, Nottingham NG5
£90,000
Our Summary
- This first-floor flat, located in Arnold, is being sold as a fantastic investment opportunity with a sitting tenant already in place
- Please note that due to a defective lease and the freeholder being untraceable, the property is available to CASH BUYERS ONLY
- 50m (5'8 x 4'11) - Leasehold Information - Length of Lease remaining: 949 yearsGround Rent £10 per annumService Charge £0Please note that this is a defective lease as the freeholder cannot be traced and the property is being sold to cash buyers onlyCouncil Tax Band Rating - Gedling Borough Council - Band AThis information was obtained through the directgov website
Description
This first-floor flat in Arnold is being sold as a fantastic investment opportunity with a sitting tenant already in place, offering a gross yield of 8.66%. The property features two double bedrooms, a spacious lounge with an electric fire, a well-equipped kitchen with ample storage, and a bathroom with a white suite. The property benefits from combination gas central heating and UPVC double glazing, ensuring warmth and energy efficiency. The flat also comes with a garage and access to a communal garden, providing outdoor space for the tenant. The property is currently rented at £550 pcm, with the rent increasing to £650 pcm from October 2024. Due to a defective lease and the freeholder being untraceable, the property is available to cash buyers only.