1 Bedroom Flat Sold in Nottingham, NG5
| Reference | 50781 |
| Address |
Mansfield Road, Nottingham, NG5 2DG (Map Location) |
| Beds | 1 |
| Baths | 1 |
| Type | Flat |
| Tenure | Leasehold |
Tavistock Ct. Studio flat in excellent leafy Carrington/Mapperley Park. Vacant. No chain. Walking distance to Nottingham.
Description
Located in Mapperley park/Carrington, a leafy suburb, it’s an entry level flat for Sherwood and the attractive lifestyle of the area at a fraction of the cost of other properties nearby. It’s 5 minutes walk to super markets, cafes, with a bus stop outside. It is also easily let with a residential yield of 13% but 3-5 months lets are popular.
Internally it’s a studio flat, the bathroom is all tiled, looks good and is easy to maintain. The studio bed sitting (just painted) is easy to maintain.
The property is well managed by the management company who have had any disrupted tenants moved out.
Gross Rental Yield 13%
as longer term residential Market rate now £650 pcm.
Service charge of £108 PCM
Ground rent £125 pa
The lease is 999 yrs from July 2004.
No cladding issues
Electric only - no Gas Safety costs
EPC D
Short rental market being sought by renters (not air bnb) more 3-5 months non AST so no long term tenant issues.