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Property ID: 208922107
Monthly Income
£1,500
Current Yield
7.5%
Tenancy status
Tenanted
CapitalAppreciation
+4.2%
Exclusive Investment Grade Opportunity

A portfolio of 3 studio flats located in Nottingham with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.


For investors looking for a rewarding investment, this is a brilliant opportunity!


This portfolio includes three modern studio flats, each featuring an open-concept layout with a fully equipped kitchen and private bathroom.


Investment details


The portfolio currently produces an annual gross income of £18,000 which could be increased by the new owner to a market rate of £24,492 with tenants currently situated. Considering the purchase price, this will make for a worthwhile addition to an investors property portfolio.


For greater detail on this portfolio's investment potential, please see the Let Property Pack linked below.



If you are interested, please call us.



Let Property is committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property

Cash Purchase
Mortgage
Purchase Price
Assumed purchase price based on home report value
Stamp Duty Tax
Est. Legal Fees
Monthly Running Costs
Calculated Returns
Capital appreciation calculated based on location, property type, and market value. Learn more
Current Rent
Potential Rent
Purchase Costs
Net Rental Income1500/mo
Monthly Capital Appreciation/mo
Total Net Returns/mo
Total ROI
Current Monthly Rent
£1500 pcm
Current Rental Yield
7.5%
Potential Market Value Rent
£2041 pcm
Potential Rental Yield
10.3%
Estimated Monthly Capital Appreciation
£840
Area Capital Appreciation Rate
+4.2%

Tenancy Checks

Tenancy Agreement

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Proof of Rental Income

Provided by the seller as verbal and written confirmation and documentation will be provided at Completion once the property has been secured.

Length of Tenancy

Length of Tenancy has been verified by Let Property by reviewing the date from when the provided tenancy documentation began.

Tenant Means of Funding:

Self Funded

Length of Tenancy information has been provided by the seller as verbal and written confirmation.

Property Checks

Property Tenure

Verified as Leasehold with 170 years on lease

Property Tenure documentation has been provided to Let Property and has been Verified.

EICR

EICR documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Gas Safety

Gas Safety documentation has been provided by the seller as verbal and written confirmation of availability and documentation will be provided at Completion once the property has been secured.

Council Tax Band

Council Tax Band: A

Interactive street-level view of the property location and surrounding area.

Ground Rent
£43.75
Factor Fees/Running Costs
£125
Factor Name
unknown
Total Estimated Costs
168.75
Offers Over
£240,000
Location
Tavistock Court, Nottingham, NG5
Bedrooms
0
Type of property
Portfolio

Additional Benefits

Fully Pre Checked by Let Property
Available First Come, First Serve
Over £1 Billion of UK Investment Property Sold.
Enquire for Detailed Returns Breakdown.
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Yearly Net Profit
Current Yearly Rent
£18,000
Annual Capital
Appreciation
£4,800
Yearly Ground Rent
£525
Yearly Factor Fee /
Service Charge
£1,500
Other Yearly Costs
None
Indicated
Annual Net Returns
£20,775