1 bed flat for sale in Flat 3
Flat 3, 50 Forest Road West, Nottingham NG7 4EQ
Property overview
The property comprises a mid terraced Victorian property which has been split to provide three self-contained flats. One flat is vacant which has been part refurbished and requires completing to a habitable condition. Two flats are already sold on a long lease with 89 years remaining. The building has been part refurbished to include a new roof and uPVC double glazed window units throughout. This vacant flat has been part refurbished and requires completing to a habitable condition.
Financials
Estimated Yearly Rent
N/A
Bedrooms
1
LHA Rate
N/A
Gross Yield
N/A
Net Yield
N/A
ROI Calculator / Net Yield Calculator (Less 30%)
Buying costs
Deposit
£36,750.00
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
£6,000.00
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