1 bed flat for sale

The Cranfield, Hine Hall, Mapperley, Nottingham NG3

Tenure: Leasehold

Priced to sell

buy to let investors only-sold with tenants in situ


This well-presented one bedroom ground floor flat offers an excellent investment opportunity for buy to let investors, with tenants already in situ and a strong rental yield of 11.25 percent per annum. Priced to sell, this property is ideal for those seeking a hassle-free addition to their portfolio, as it is currently let at £750 per calendar month. The property benefits from a long leasehold tenure with approximately 962 years remaining, providing peace of mind for the long term. Ground rent is set at £0 per annum, and the annual service charge is £1,800.

The flat is accessed via a secure intercom entry system, ensuring both convenience and security for residents. Upon entering, you are greeted by a generous 21 foot by 9.4 foot living and dining room. This spacious reception area offers ample room for both relaxation and entertaining, with flexible space to accommodate a range of furnishings and layouts. The neutral décor throughout enhances the sense of space and light, making the flat appealing to a wide range of tenants. There is a private carpark for residents and visitors offering ample but unallocated parking.

The kitchen is modern and well-appointed, featuring fitted units and granite worktops, along with integrated oven, fan, and fridge freezer. The layout is designed for practicality and ease of use, catering to the needs of modern living. The double bedroom is well-proportioned, providing comfortable accommodation for a single occupant or a couple. There is also a contemporary bathroom, fitted with a three-piece suite and finished to a good standard. Herringbone wood flooring features throughout, along with classic lighting fixtures, and electric heating units.

The property is situated within Council Tax Band A, offering lower running costs for tenants. Energy efficiency is another key benefit, with an EPC rating of C and the potential to achieve a B rating with minor upgrades (subject to assessment). These features enhance the property’s appeal to tenants and contribute to its strong rental performance.

With no ground rent to pay, a lengthy lease, and a competitive service charge, this flat represents a solid investment in a sought-after location. It is offered exclusively to buy to let investors, with the added advantage of immediate rental income and no void periods. For further details or to arrange a viewing (subject to tenant availability), please contact our office. This is a rare opportunity to acquire a low-maintenance, high-yield property that is ready to generate returns from day one.

EPC Rating: C

Location

Flat 5, The Cranfield, Hine Hall, Mapperley - NG3 5PF

Parking - Off Street

Private Car Park for Residents & Visitors (Unallocated)