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9 bed property for sale

£225,000

North Street, Langley Mill, Nottingham NG16

9 6 6
Interested in this property? Call 01332 494343 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Six self contained flats
  • Freehold investment opportunity
  • Three two bedroomed flats
  • Three one bedroomed flats
  • Three storey accomodation
  • Langley mill location
  • Two flats vacant four currently let
  • Strong rental income
  • Modern interior to each flat
  • Chain free

Property description

A rare investment opportunity...

This block of 6 self contained apartments comprising of 3 One bed and 3 two bed units over three floors. The whole building will be purchased (including the freehold)

Each apartment benefits from a fitted kitchen and modern bathroom suite.

Purchasers note Please be aware that Century 21 Graham Penny have not inspected the flats

Flat 1 – Vacant
Flat 1a – Tenanted current rent is GBP375.00 pcm
Flat 2 – Tenanted current rent is GBP425.00 pcm
Flat 3 – Vacant
Flat 4 Tenanted current rent is GBP425.00 pcm
Flat 5 Tenanted current rent is GBP340.00 pcm

Yield

The rental income is currently GBP1565.00 per month, or GBP18780.00 per annum with a yield of 8.3%

Communial Area

Communial areas offer sensor lighting and heating with feature UPVC stained glass windows.

Area

Langley Mill is situated at the eastern edge of Amber Valley and forms the boundary with Erewash District. The area is approximately 14 miles from the city of Derby and 4 miles from Nottingham, with the A610 providing a useful link to other parts of the region and country via the M1 and A38. The area of Langley Mill and Aldercar has a rich industrial heritage. Recent investment has taken place in Langley Mill by Asda Stores Ltd and MacDonalds creating ermployment opportunities.
The train station is a short walking distance providing access to the Sheffield and Nottingham, making it ideal for commuters.

Property info

Market activity
Average price paid £153,965 Sales 944 Current average value £168,202 (Zoopla Zed-Index) Value change £9,945 ▲ 6.28%

Property value data/graphs for NG16

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £225,271 £175 3.3 £203,053
Semi-detached £134,655 £146 2.9 £131,338
Terraced £103,077 £131 2.5 £97,692
Flats £115,774 £167 2.0 £109,210

Current asking prices in NG16

Average: £185,878
Avg. current asking prices in NG16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £76,250
(4)
£127,501
(113)
£178,018
(161)
£278,379
(52)
£367,688
(13)
Flats £77,869
(13)
£85,331
(8)
- - -
All £77,488
(17)
£124,713
(121)
£178,018
(161)
£278,379
(52)
£367,688
(13)

Current asking rents in NG16

Average: £541 pcm
Avg. current asking prices in NG16
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £379 pcm
(2)
£510 pcm
(20)
£657 pcm
(8)
£805 pcm
(5)
£1,101 pcm
(1)
Flats £386 pcm
(9)
£462 pcm
(6)
£444 pcm
(2)
- -
All £384 pcm
(11)
£499 pcm
(26)
£614 pcm
(10)
£805 pcm
(5)
£1,101 pcm
(1)

Fun facts for NG16

Highest value in NG16
Highest value streets Zed-Index
Church Road £482,958
Farringdon Close £398,561
Church Lane £371,380
Rolleston Crescent £359,338
Larch Close £359,183
Highest turnover in NG16
Highest turnover streets Turnover
Meadow View 54.5%
Wessex Drive 54.5%
Sycamore Close 46.7%
Kenton Avenue 45.5%
Temple Crescent 44.4%

What Zoopla users think of Langley Mill

Overall rating:

  • currently 4 stars
Very good - 78% (14 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Langley Mill:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Langley Mill (0.2 miles)
  • Ilkeston (3.2 miles)
  • Alfreton (5.8 miles)
  • East Midlands Airport (13.1 miles)
  • Robin Hood Airport (34.2 miles)
  • Birmingham International Airport (42.9 miles)
  • Hull Ferry Terminal (66.4 miles)
  • Liverpool Pier Head Ferry Terminal (73.9 miles)
  • Liverpool Isle of Man & Dublin Terminal (74.0 miles)

Nearby schools

View all schools in Amber Valley
  • Langley Mill CofE Infant School and Nursery (0.1 miles)
  • Aldercar Infant School (0.5 miles)
  • Langley Mill Junior School (0.6 miles)
  • Bilborough College (5.5 miles)
  • Nisai Learning Hub (Nottingham) (7.3 miles)
  • Nottingham University Academy of Science and Technology (8.4 miles)
  • Aldercar High School (0.5 miles)
  • Hall Park Academy (0.9 miles)
  • Eastwood Comprehensive School (0.9 miles)
Note: Distances are straight line measurements

Local info for Amber Valley

About the neighbours in NG16

AskMe Q&A for Amber Valley

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For more information about this property, please contact
Century 21 - Graham Penny, DE1 on 01332 494343 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Century 21 - Graham Penny, and do not constitute property particulars. Please contact Century 21 - Graham Penny for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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