Flat for sale in Nottingham NG7, 2 Bedroom

This 2-bedroom apartment is located within a stunning Victorian period conversion and comprises of a bright and spacious living and dining room; a fitted kitchen with plenty of storage and countertop space; 2 generously sized double bedrooms with an en-suite for the master bedroom; and a family bathroom complete with 3-piece suite and a shower over the bath. This property is well presented throughout with lots of natural light and is offered unfurnished with a parking space. The location of this development means that it would be perfect for professionals working in either Nottingham or Derby, which is only a 30 minute drive away.

The Ridge is ideally located within a 30 minute walk or 10 minute drive away from Nottingham's city centre. Nottingham boasts an abundance of high street and independent shops - placed around the city centre and within its 2 shopping centres, alongside award winning restaurants and bars. Nottingham also has plenty of cultural attractions including museums, theatres, art galleries, cinemas and even a 'City of Caves' and the legendary Nottingham Castle Museum and Gallery. Nottingham boasts fantastic transport links, with its train station enabling tenants to access all of the uk's major cities with ease.

Nottingham is known as the economic capital of the East Midlands with an economy of £12bn and growing, featuring extensive tram routes and is the home to two world leading universities. Now is a fantastic time to invest in Nottingham as its house prices have seen a great increase of over 22% in the last five years alone (Zoopla – 2019) and a report from the latest edition of Private Finance’s buy-to-let hotspots has cited Nottingham as the top UK investment city, due to its high yields and high occupancy rates.

Financial Breakdown

Gross rent: £8,100
Ground rent: £450
Service charge: £1,800
Lettings fees: £810
Net income: £5,040
Gross yield: 6.23%
Net yield: 3.88%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13612