2 bedroom Flat For Sale

Vivian Avenue, Carrington, Nottingham, NG5 1AR
£90,000 | Leasehold | 

Investment Highlights:

• Previous rent: £800 PCM (£9,600 per annum)
• Approx. 7.4% gross yield at asking price
• 117 years remaining on lease

• Ground floor flat
• Two bedrooms
• Open plan living/kitchen/diner
• Bathroom with shower cubicle
• Allocated/off-street parking
• Popular rental location
• EPC Rating: D
• Council Tax Band: A

• Leasehold
• Service charge: £650 twice yearly
• Ground rent: £242.50 per annum

The accommodation comprises a bright and practical open plan lounge, kitchen and dining area, two bedrooms (one double and one single), and a bathroom with shower cubicle. The ground floor position offers ease of access, while the property also benefits from allocated/off-street parking.

The flat is well-proportioned throughout and appeals strongly to professional tenants, with its convenient location and functional layout.

Situated in a well-connected location, the property benefits from easy access to local amenities, shops and regular transport links into Nottingham city centre. The nearby areas of Sherwood and Mapperley further enhance its appeal to tenants.

Please note: The property is currently tenanted and updated marketing photos are not yet available. Viewing is strongly recommended to fully appreciate the space and investment potential.

A ready-made investment in a consistently popular rental area—early enquiry is advised.

Comments:

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.

A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.

The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.

Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional EPC rating: Unknown. Council tax band: A, Service charge description: 117 years - £200 including ground rent ,