2 bed flat for sale

Grove Road, Nottingham, Nottinghamshire NG7

This attractive two-bedroom flat presents a strong investment opportunity with a high gross yield and excellent long-term potential. In addition to its spacious layout and convenient location, the property includes a single lockable garage, offering secure parking and valuable storage space-an appealing feature for tenants and future buyers alike.

Property Overview
Address: 11 Grove Road, Nottingham, NG7 1HE
Type: Two-Bedroom Leasehold Flat
Asking Price: £149,000
Size: Approx. 603 sq ft (56 m2)
Tenure: Leasehold (125 years from 6 March 2024; ~103 years remaining)
Rental Income: £1,050 pcm (rolling tenancy since Sept 2023)
Gross Yield: 8.46%
Ground Rent: £200/year
Service Charge: ~£1,580/year
Selective License: In place (Nottingham City Council)
EPC Rating: E

Key Features
• Spacious open-plan kitchen, diner, and lounge area
• Two first-floor bedrooms offering privacy and comfort
• Covered balcony for outdoor relaxation
• Well-equipped kitchen with modern fittings
• Currently tenanted with stable rental income
Prime Location Benefits
• Queens Medical Centre – Ideal for healthcare professionals
• University of Nottingham – Excellent for students and staff
• Nottingham City Centre – Just a 15-minute walk to shops, restaurants, and entertainment
• Sainsbury’s Supermarket – Conveniently nearby for everyday essentials

Investment Highlights

This property presents a compelling opportunity for investors seeking strong rental returns in a high-demand area. With a gross yield of 8.46% and an ongoing tenancy, it offers immediate income and long-term potential. The leasehold flat benefits from a healthy lease term and proximity to major institutions, making it attractive to both professionals and students.

Adding to its long-term appeal, the property benefits from an extended lease granted in March 2024, now offering a further 125 years, ensuring peace of mind and enhanced value for future resale.

Ground rent = £200 per year; service charges £1580 approx per year. Lease = £125 years. Selective (renting) license in place from ncc

To arrange a viewing or request further details, please contact Reeds Rains Estate Agents, Nottingham. Our team is ready to assist you with expert guidance and flexible viewing options

Important Note to Potential Purchasers & Tenants:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller. Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

NOT250062/8

Details

This attractive two-bedroom flat presents a strong investment opportunity with a high gross yield and excellent long-term potential. In addition to its spacious layout and convenient location, the property includes a single lockable garage, offering secure parking and valuable storage space-an appealing feature for tenants and future buyers alike.

Property Overview

Address: 11 Grove Road, Nottingham, NG7 1HE
Type: Two-Bedroom Leasehold Flat
Asking Price: £149,000
Size: Approx. 603 sq ft (56 m2)
Tenure: Leasehold (125 years from 6 March 2024; ~103 years remaining)
Rental Income: £1,050 pcm (rolling tenancy since Sept 2023)
Gross Yield: 8.46%
Ground Rent: £200/year
Service Charge: ~£1,580/year
Selective License: In place (Nottingham City Council)
EPC Rating: E

Key Features
• Spacious open-plan kitchen, diner, and lounge area
• Two first-floor bedrooms offering privacy and comfort
• Covered balcony for outdoor relaxation
• Well-equipped kitchen with modern fittings
• (truncated)