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1 bed flat for sale

£95,000

Springfield Mill, Sandiacre, Nottingham NG10

1 1 1
Interested in this property? Call +44 20 3544 3913 * or

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Property features

  • Rental Income: £545 pcm
  • Gross Yield: 6.9%
  • Net Yield: 5.4%
  • Ground Rent: £300
  • Service Charge: £1076.66
  • Tenure: Leasehold
  • Lease Length: 240 years
  • Grade 2 Listed
  • Income Producing
  • Managed by Wildheart

Property description

Buy to Let - Rent: £545 pcm - Gross Yield: 7.3% - Tenanted in Situ Set in the quiet village of Sandiacre, Springfield Mill is in the perfect location for those looking to get away from the frantic city, yet close enough to Nottingham to be easily accessible. This one bedroom apartment is located in the historic lace mill; built in 1888, it gives the development its own unique charm that won't be found anywhere else. The apartment boasts a warm and cosy interior thanks to the red brick design. The décor throughout is a natural cream that, combined with the airy, light feel of the living room, makes the whole apartment feel welcoming and fresh.

Property info

Market activity
Average price paid £162,719 Sales 638 Current average value £170,632 (Zoopla Zed-Index) Value change £4,785 ▲ 2.88%

Property value data/graphs for NG10

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £257,925 £205 3.4 £241,771
Semi-detached £148,788 £169 2.9 £148,130
Terraced £117,321 £156 2.4 £114,346
Flats £106,500 £168 1.7 £104,706

Current asking prices in NG10

Average: £200,248
Avg. current asking prices in NG10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £90,000
(2)
£138,194
(46)
£179,720
(80)
£302,558
(41)
£485,500
(10)
Flats £82,761
(9)
£91,600
(10)
- - -
All £84,077
(11)
£129,874
(56)
£179,720
(80)
£302,558
(41)
£485,500
(10)

Current asking rents in NG10

Average: £552 pcm
Avg. current asking prices in NG10
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £362 pcm
(5)
£553 pcm
(14)
£695 pcm
(12)
£1,049 pcm
(1)
-
Flats £391 pcm
(8)
£475 pcm
(6)
- - -
All £380 pcm
(13)
£530 pcm
(20)
£695 pcm
(12)
£1,049 pcm
(1)
-

Fun facts for NG10

Highest value in NG10
Highest value streets Zed-Index
Paddocks View £509,229
St. James Court £372,508
Derby Road £359,148
Brentnall Close £351,150
Pennyfields Boulevard £347,441
Highest turnover in NG10
Highest turnover streets Turnover
Springfield Mill 60.0%
Ingham Road 53.3%
Bursar Way 50.0%
Craig Street 45.5%
Ashview Close 43.8%

What Zoopla users think of Sandiacre

Overall rating:

  • currently 4 stars
Very good - 76% (30 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 Sandiacre:

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

  • Attenborough (2.6 miles)
  • Long Eaton (2.7 miles)
  • Beeston (3.3 miles)
  • East Midlands Airport (6.7 miles)
  • Birmingham International Airport (37.9 miles)
  • Coventry Airport (39.2 miles)
  • Hull Ferry Terminal (70.5 miles)
  • West Lynn Ferry Landing (71.0 miles)
  • King's Lynn Ferry Landing (71.1 miles)

Nearby schools

View all schools in Erewash
  • Ladycross Infant School (0.2 miles)
  • Sandiacre Cloudside Junior School (0.3 miles)
  • William Lilley Infant and Nursery School (0.4 miles)
  • Bilborough College (3.6 miles)
  • Nottingham University Academy of Science and Technology (4.6 miles)
  • Channeling Positivity (5.5 miles)
  • Friesland School (0.7 miles)
  • George Spencer Academy and Technology College (0.9 miles)
  • Focus School - Long Eaton Campus (1.2 miles)
Note: Distances are straight line measurements

Local info for Erewash

About the neighbours in NG10

AskMe Q&A for Erewash

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For more information about this property, please contact
Wildheart Residential Management Ltd, KT17 on +44 20 3544 3913 * (local rate)

Monthly running costs Beta

£530 Monthly total

Mortgage

Purchase price
Deposit (10%) 9,500
Repayment term 25
Interest rate 1.5
Your payment £341 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £1,000,000 Contents value up to £75,000 Average insurance cost £14/mo (£164/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £19 Electricity £26 Estimated energy cost £45/mo

Similar properties could save up to £130

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6000 kWh/year
Electricity: 1900 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Erewash

Estimated tax band A Council tax cost £110 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £11 Sewerage £9 Estimated water cost £20 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Wildheart Residential Management Ltd about this property

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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 Wildheart Residential Management Ltd, and do not constitute property particulars. Please contact Wildheart Residential Management Ltd 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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