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2 bedroom apartment for sale
Hounds Gate, Nottingham, Nottinghamshire, NG1
£195,000
Hounds Gate, Nottingham, Nottinghamshire, NG1
£195,000
Our Summary
- Hounds Gate, Nottingham, NG1 7AB Asking Price: £195,000 Current Rental Income: £1,250pcm (£15,000 per annum) Ground Rent: £300 per annum Service Charges: £1,294 per annum Lease: 250 years from January 2017 ________________________________________ Investment Opportunity This stunning 2-bedroom, 2-bathroom apartment in the highly sought-after Hounds Gate Court presents an ideal investment opportunity
- Annual rental income of £15,000 with potential to achieve £16,500
- 88% with potential to achieve 7
Description
This 2-bedroom, 2-bathroom apartment in Hounds Gate Court, Nottingham, is an investment opportunity that offers immediate returns. The property is currently rented out for £1,250 per month, generating a net annual income of £13,406 after deducting ground rent and service charges. With a 250-year lease from January 2017, the property provides a secure investment for the discerning investor. The apartment features a spacious living/dining area, luxury fitted kitchen, and contemporary design throughout. With a net yield of 6.88% based on the asking price of £195,000, this property is an attractive addition to any portfolio. The sitting tenants provide a hassle-free investment, and the property's location in the sought-after Hounds Gate Court development ensures a high demand for rental properties in the area.