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Grove Road, Nottinghamshire NG7 2 bed apartment for sale
Grove Road, Nottingham, Nottinghamshire, NG7
£149,950
Grove Road, Nottingham, Nottinghamshire, NG7
£149,950
Our Summary
- 46% and an ongoing tenancy, it offers immediate income and long-term potential
Description
This two-bedroom leasehold flat is located on Grove Road in Nottingham and is available for sale at £149,000. The property offers a spacious open-plan kitchen, diner, and lounge area, as well as two first-floor bedrooms with a covered balcony for outdoor relaxation. The flat is currently tenanted, generating a stable rental income of £1,050 per month, resulting in a gross yield of 8.46%. The property benefits from a prime location, with easy access to the University of Nottingham, Queens Medical Centre, and Nottingham City Centre. The leasehold flat has a remaining lease term of approximately 103 years and comes with a manageable ground rent of £200 per year and service charges of £1,580 per year. This investment opportunity is ideal for those seeking strong rental returns in a high-demand area, with the added benefit of proximity to major institutions and a stable tenancy.