1 bed flat for sale

Woodborough Road, Mapperley, Nottingham NG3

Summary

An exceptional opportunity awaits to acquire a meticulously modernised and updated furnished one-bedroom apartment, ideally situated within the highly sought-after The New Alexandra Court in Nottingham.

This property presents a perfect blend of contemporary living and convenience, making it an attractive prospect for both owner-occupiers and discerning investors.

Upon entering, you are greeted by a welcoming hallway that leads into the heart of the home: A bright open-plan living, dining, and kitchen area. This thoughtfully designed space is perfect for entertaining or relaxing, boasting a seamless flow that maximises natural light and functionality. The kitchen area is well-appointed, offering a modern aesthetic and practical layout for everyday use.

The apartment features a good size double bedroom, providing a tranquil retreat with ample space for furnishings. The good-sized bathroom is a standout, having been updated to include a contemporary walk-in shower. The entire property has undergone a comprehensive modernisation, ensuring a fresh, contemporary feel throughout.

The property is offered furnished, a complete investment opportunity.

One of the significant advantages of this apartment is the inclusion of secure, gated parking, a highly desirable feature in a city location. The New Alexandra Court itself is a well-maintained block, offering residents peace of mind and a pleasant living environment. The property benefits from a long lease, adding to its appeal as a secure investment.

Location is paramount, and this apartment excels in that regard. It is perfectly positioned to take advantage of Nottingham's vibrant city centre, with its extensive array of shops, restaurants, cultural attractions, and entertainment venues all within easy reach. Excellent local transport links are readily accessible, providing convenient connections across the city and beyond. Furthermore, a wealth of nearby amenities ensures all daily needs are catered for.

For investors, this property represents an outstanding opportunity. It is particularly popular with investors, offering a strong potential rental income of approximately 750 per calendar month, which translates to an attractive yield. With its modern finish, desirable features, and prime location, this apartment is poised to attract quality tenants.

Please note the vendor has added extra insulation to the external walls and the EPC has been upgraded to a B rating.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 978
Annual Ground Rent Amount: 150.00
Annual Service Charge Amount: 2,462.00

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.