Derby Street, Nottingham City Centre 1 bed apartment for sale

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Derby Street, Nottingham City Centre 1 bed apartment for sale

Derby Street, Nottingham City Centre
£130,000

Our Summary

  • Achieving £1000pcm at 10% gross yield, this City Centre apartment presents a great investment opportunity for a buy to let as well as also a great first time buy

Description

This charming Grade II listed building in the City Centre offers a unique blend of traditional and modern features, making it an attractive investment opportunity or first-time buy. With a guide price of £130,000-£140,000, the property is situated in a prime location, close to shops, bars, restaurants, universities, and hospitals, with easy access to local transport links. The apartment itself features a spacious living room, modern kitchen, bathroom, and bedroom, and is ready to move into. With no upward chain, this is an ideal opportunity for a buy-to-let or first-time buyer. The property also offers a 10% gross yield, generating £1,000 per month in rental income. With 103 years remaining on the lease, £175 annual ground rent, and £2,595 yearly service charge, this is a solid investment opportunity in a highly sought-after location.