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Property ID: 216922068
Offers Over
£150,000
Location
12 Plumptre Street, Nottingham
Size
719
Tenure
Leasehold
Bedrooms
1
Type of property
Flat
Current Yield
7.0%
Monthly Income
£875
Property Information

This one-bedroom home features a three-piece bathroom and a well-equipped kitchen, and it also benefits from a B2 EWS1 rating for added peace of mind.


Ideally located, the property is within easy reach of William Booth Primary and Nursery School, Stone Soup Academy, and the University of Nottingham. It is also close to the Nottingham University Hospitals NHS Trust - Ropewalk House and popular venues such as the Motorpoint Arena, National Ice Centre, and the Forest, County, and Trent Bridge stadiums. Excellent local transport links make this an ideal choice for working professionals.


Investment Details:


The property generates an annual gross income of £10,500, which the new owner could increase to a market rate of £14,892 with long-term tenants currently situated. The purchase price makes it a worthwhile addition to any investor's portfolio.


Please see the Let Property Pack linked below for more details on this property's investment potential.


Tenancy Details:


The current tenants have resided in the property for several years and have consistently paid their rent. They have no intentions of moving out and are keen to remain in the property.


Let Property Sales is committed to facilitating a smooth transaction process. To ensure maximum commitment from both parties, a fully refundable buyer's premium may apply to secure the property. This amount is refunded in the event of non-completion.

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Letting Agency Fees
Ownership CostsWhat are these?
Calculated Returns
Paisley benefits from an average of 4.5% capital growth. Learn more
Purchase Costs
Based on monthly income of
£875
Cashflow p/m
875
Current Yield
null%
Based on potential rent of
£1,241
Cashflow p/m
1241
Potential Yield
null%
Monthly Income
£875 pcm
Potential Rent
£1241 pcm
Length of Tenancy
-
Tenant Means of Funding
SELF_FUNDED
Area Capital Appreciation Rate
-
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
244
Factor Name
Premier estates
Total Estimated Costs
244
Floor plans
floorplan
Not available for this property
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Running Costs
Ground Rent
Leasehold
Est. Insurance Costs
unknown
Factor Fees
244
Factor Name
Premier estates
Total Estimated Costs
244