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New Court, 14 Ristes Place, Nottingham, Nottinghamshire, NG1 1JT

PROPERTY TYPE

Apartment

BEDROOMS

1

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £70,000
  • Immediate ‘exchange of contracts’ available
  • One bedroom tenanted apartment
  • Located on the second floor of this popular development
  • City centre proximity
  • Investment potential
  • Council Tax band C
  • EPC rating B

Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £70,000

This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted. Ultimately a transparent process which provides speed, security and certainty for all parties.

Discover an outstanding investment opportunity with this well-presented one-bedroom apartment, ideally situated on the second floor of New Court, Nottingham. This property is being offered for sale via Secure Sale online bidding, providing a transparent and efficient purchasing process. Terms and conditions apply, with a starting bid of £70,000. An immediate 'exchange of contracts' is available, streamlining the transaction for interested buyers.

The apartment itself boasts a thoughtfully designed open-plan living, dining, and kitchen area, creating a spacious and contemporary feel perfect for modern living. The layout maximises natural light and offers a versatile space for relaxation and entertaining. The kitchen area is well-appointed, catering to all daily needs.

Accommodation comprises a comfortable double bedroom and a separate, well-maintained bathroom. The property benefits from a Council Tax band C rating and an impressive EPC rating of B, indicating good energy efficiency and potentially lower running costs.

One of the most compelling features of this apartment is its prime location. Residents will appreciate being within easy walking distance of Nottingham city centre's extensive array of amenities, including shops, restaurants, cultural attractions, and vibrant nightlife. Excellent transport links are also readily accessible, making commuting and travel straightforward.

Currently, the property is tenanted, generating a rental income of £700 per month, making it an immediately income-producing asset for any investor. This established tenancy, combined with the property's desirable features and location, underscores its appeal as a 'buy-to-let' investment.

This secure bidding sale offers a unique chance to acquire a valuable asset in a sought-after urban location. Whether you are a seasoned investor looking to expand your portfolio or a first-time buyer seeking a property with strong rental potential, this apartment in New Court warrants serious consideration. Do not miss this opportunity to secure a property that combines convenience, modern living, and excellent financial prospects.

Council: Nottingham City Council

Council Tax band: C

EPC rating: B

Tenure: Leasehold 976 years remaining

Current service charge for 2026 - £1895.92

Ground rent £284 per annum

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a ‘Starting Bid’ or ‘Guide Price’ and is accompanied by a ‘Reserve Price’. The ‘Reserve Price’ is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the ‘Guide Price’ / ‘Starting Bid’. These prices are subject to change.

 An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
 
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers’ obligations and sellers’ commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee up to 6% inc VAT (subject to a minimum which could be up to £7,200 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.

COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: C
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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GARDENA property has access to an outdoor space, which could be private or shared.
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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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New Court, 14 Ristes Place, Nottingham, Nottinghamshire, NG1 1JT

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About Cavendish Residential, Nottingham

One Fletcher Gate Adams Walk, Nottingham, NG1 1QS

Cavendish Residential is an independent, innovative and vibrant company specialising in lettings and management of quality residential properties in Nottingham, providing a professional service on a friendly level whilst being fully committed to delivering results.

With comprehensive lettings experience, state of the art software packages and an in depth knowledge of the Nottingham market, we pride ourselves on offering a pro-active, unique and personalised approach.

Your mortgage

Per year
Lenders usually expect a 10% deposit
%
Choose between 2 and 40 years
Years
Current average is 4.5%
%
Monthly repayments
£320
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - Property reference CVN_NTT_LFSYCL_685_872497454. 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 Cavendish Residential, 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.

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 Cavendish Residential, Nottingham on 0115 647 1190.

*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.”

*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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