1 bed flat for sale

Shakespeare Street, Nottingham NG1

Tenure: Leasehold

Walters Property are proud to present this fantastic opportunity to purchase an incredible investment opportunity in Central Nottingham!

Being sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £27,500

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.

Situated in the ever-popular Bard House development in the heart of NG1, this ready-made investment opportunity is ideal for landlords looking to tap into Nottingham’s thriving student rental market. Offering a strong potential return and a highly convenient city centre location, this is the perfect starter investment for anyone looking to grow their portfolio with a low-maintenance property in a high-demand area.

The apartment itself is thoughtfully designed for student living, featuring a built-in kitchenette complete with oven, hob, extractor hood and fridge, alongside a dedicated desk/study area and a private en-suite shower room. The building also benefits from excellent communal facilities including shared lounge areas with sofas, activity tables and TVs, creating a social environment that remains highly attractive to students year after year.

Located in the centre of Nottingham, Bard House places tenants within walking distance of shops, restaurants, bars, transport links and university buildings. Both Nottingham Trent University and the University of Nottingham are easily accessible, making this an ideal base for students wanting convenience and city living.

Currently achieving approximately £150 per week in rent, the figures make for an impressive investment proposition:

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  Based on a typical 9-month student tenancy (39 weeks), the property could generate approximately £5,850 per annum - representing a gross yield of around 16.7% based on a purchase price of £35,000.
  
  
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  If occupied continuously across a full 12-month period, the rental income could reach approximately £7,800 per annum - delivering an exceptional gross yield of around 22.3%
  
  

Opportunities at this price point with this level of return are becoming increasingly difficult to find, particularly within such a well-positioned city centre development. Whether you are an experienced investor or looking for your first buy-to-let venture, this is a fantastic opportunity to secure a high-yielding property in one of the East Midlands’ strongest student markets.

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.

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