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1 bedroom apartment for sale

Osborne Grove, Sherwood, Nottingham, NG5

Sold STC £55,000

Property Description

Key features

  • Ideal for first time buyer
  • No Chain
  • Good transport links to Nottingham City Centre
  • Lease 900+ years
  • No maintenance charge
  • Own courtyard

Full description

Tenure: Leasehold

For sale by modern method of Auction. Starting bid price £55,000 plus reservation fee. An excellent investment opportunity located in a popular residential street in the vibrant district of Sherwood. A spacious one bedroom ground floor flat property comprising of fitted kitchen, good size reception room and bedroom with en suite shower room.
The property further benefits from gas central heating
Externally a rear yard and off street parking.



Sherwood continues to be a most favoured location to settle and popular with people on the move. Noted for its comprehensive range of local amenities which include a variety of shops for every day needs, banks, library and a good selection of restaurants providing all types of cuisine from around the globe. To aid the shopper and those working here, there is an abundance of free parking as well as regular public transport facilities serving the surrounding districts and City Centre.

For motorists, there is easy road access onto a number of main auto routes including the city Ring Road, A60, A611 and the A610 which leads onto Junction 26 of the M1. To further add to the many advantages of the locality there is a good range of schooling catering for all age groups and recreational facilities are available at the nearby Woodthorpe Park.
The property is for sale by The Great North Property Auction powered by iam-sold.

This property is for sale by the Modern Method of Auction which is not to be confused with traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 3.5% to a minimum of £5,000.00 VAT (£1,000.00) = (£6,000.00) which secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on this must be sought from your legal representative. The buyer will be required to sign an Acknowledgement of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation from and all terms and conditions can be found in the Buyer Information Pack which can be downloaded for free from the auction section of our website or requested from our Auction Department. Please note this property is subject to an undisclosed reserve price which is generally no more than 10% in excess of the Starting Bid, both the Starting Bid and reserve price can be subject to change. Terms and conditions apply to the Modern Method of Auction, which is operated by Midlands Property Auction powered by iam-sold Ltd.


More information from this agent

Listing History

Added on Rightmove:
18 May 2016

Map & Street View

Disclaimer - Property reference NOT160101. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Whitegates, Sherwood. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Whitegates, Sherwood on 01159 858696.


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