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Studio flat for sale

Langdale Grove, NG13

Sold STC £40,000

Property Description

Key features

  • Good Investment Opportunity
  • Previously let for 3,600 pa
  • Potential 9% gross yield
  • Highly regarded Market Town
  • Studio flat
  • Buy to Let investment
  • Opportunity to increase capital value
  • Would benefit from modernisation
  • Double glazing
  • Strong rental market

Full description

Tenure: Leasehold

The property is located in Bingham which offers a wide variety of amenities. Bingham Market Place enjoys a range of shopping facilities, there is an outdoor market every Thursday, a doctors surgery, dentist surgeries and nearby as well as primary and secondary schools.

The nearby Vale of Belvoir is ideal for walking with picturesque villages, charming rural public houses and restaurants.

Bingham is well connected via local road and rail networks, connecting Nottingham, Newark and Leicester. The railway station and frequent bus services provide public transport and the A52 and A46 provides access to neighbouring towns and cities.

This ground floor studio apartment briefly comprises lounge/bedroom, kitchen, bathroom and dressing room. Situated in a popular residential area, it is sure to be of interest to property investors.

The lounge/bedroom has plastered and painted walls, laminate floor and uPVC double glazed windows. There is a a dressing room providing useful storage.

The kitchen has a range of base and eye level units together with stainless steel sink and drainer and laminate floor. The bathroom comprises wash hand basin, w.c. and single walk in shower.

The property would benefit from a course of modernisation.

We understand the property is connected to mains electricity, water and drainage

Leasehold - 120 years commencing 19 February 1982

Investment Analysis
The property was previously let on an AST basis for 300 per month (3,600 pa), providing a gross yield of 9%.

Alternatively, investors may look to modernise the property then either rent out or sell on for profit.

Council Tax
The property is rated in Council Tax Band A.

*Guide Price

More information from this agent

Listing History

Added on Rightmove:
19 August 2016

Map & Street View

Disclaimer - Property reference 109LangdaleGrove. The information displayed about this property comprises a property advertisement. 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 John Pye Property, Nottingham . 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 John Pye Property, Nottingham on 0115 970 6060.

Map data OpenStreetMap contributors.