2 bed flat for sale in Flat 3
Flat 3, 48 Forest Road West, Nottingham NG7 4EQ
Property overview
The property is located on Forest Road West, approximately one mile northwest of Nottingham city centre, and approximately 0.4 miles northwest of Nottingham Trent University’s city campus. The area is a popular rental location being within the catchment area for Nottingham Trent University and having easy access to the city centre. The property comprises a substantial Victorian terraced villa, which has been split and converted to provide five self-contained flats, including this two bedroom self-contained flat accessed directly from Lawson Street. Ground floor provides kitchen, diner, living room and storage. First floor provides two bedrooms and bathroom. First fix electrics and plumbing with majority of internal walls have plasterboard or have been plastered and whitewashed, further works required to bring this to habitable condition.
Financials
Estimated Yearly Rent
N/A
Bedrooms
2
LHA Rate
N/A
Gross Yield
N/A
Net Yield
N/A
ROI Calculator / Net Yield Calculator (Less 30%)
Buying costs
Deposit
£51,500.00
Stamp duty
N/A
Legal fees
Around £1,500.00
HMO license cost
Around £1,300.00
Licensing & Compliance
Council
£32,200
Rules
£32,200
Status
£32,200
Link
£32,200
Estimated works costs
High refurb
£12,000.00
Stamp duty
N/A
Time frames
8-12 weeks
HMO license cost
Est. £1,300.00
Solicitors
Trent Legal LLP
Amelia Hart (Partner)
£850-£1,250
Lenders
Nottingham Building Society
BTL 2-year fix
£850-£1,250
www.brokernottinghambs.co.uk
Build companies
Sherwood Build Co.
Refurb, kitchen/bathroom, HMO fire
£12k–£28k
+44 7380 337579
www.brokernottinghambs.co.uk
Surveyors
Lace Market Surveyors
HomeBuyer, RICS Level 3, Valuation
£400–£950