Hounds Gate, Nottingham, Nottinghamshire, NG1
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
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Key features
- Buy-to-let property investment
- Being sold with the current tenants in situ
- Annual rental income of £10,680
- Yield being produced at the current rental income is 7.4%
- Long 250 year lease
- Modern finish throughout
Description
12 Drapers Bridge, Nottingham City Centre,
£145,000 | 7.4% Gross Yield | Tenants in Situ
________________________________________
INVESTMENT SUMMARY
Asking Price: £145,000
Current Rental Income: £890 pcm (£10,680 per annum)
Gross Yield: 7.4%
Potential Rental Income: £950 pcm (£11,400 per annum)
Potential Yield: 7.9%
Net Yield: Approximately: 6.3%
Potential Net Yield Approximately: 6.8%
Tenancy Status: Let with tenants in situ - immediate income stream
Lease: 250 years
Ground Rent: £125 per annum
Service Charges: £1,452 per annum
________________________________________
PROPERTY HIGHLIGHTS
Specification:
* One spacious double bedroom
* One modern bathroom with walk-in shower
* Open-plan living, kitchen, and dining area
* High-quality contemporary finish throughout
* Integrated kitchen appliances (fridge/freezer, dishwasher, washer/dryer)
* Abundant natural light
* First-floor apartment with lift access
* Well-maintained communal areas
Investment Advantages:
* EWS1 Exempt - No cladding concerns ensuring smooth mortgage processing and future saleability
* Tenants in Situ - Immediate rental income from day one, no void period
* 250-Year Lease - Excellent security for long-term capital growth
* Turnkey Investment - No refurbishment required, ready to generate returns immediately
* Professional Finish - High specification appeals to quality tenants, reducing void risk
* Sought-After Development - Well-managed building with strong tenant demand
________________________________________
FINANCIAL OVERVIEW
Income/Expenditure Annual Amount
Rental Income £10,680
Ground Rent (£125)
Service Charges (£1,452)
Net Operating Income £9,103
Net Yield 6.3%
________________________________________
LET PURE INVESTOR TAKE THE STRAIN AWAY .....
We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we offer a fully managed service for landlords looking to minimise costs and maximise efficiency across their portfolio.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Hounds Gate, Nottingham, Nottinghamshire, NG1
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Visit our security centre to find out moreDisclaimer - Property reference Drapers-Bridge-Nottingham. 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 Pure, Manchester. 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.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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