Leah Court, 536 Radford Road, Nottingham, Nottinghamshire, NG7 7EA
- Conditional Online Auction Sale
- Guide Price* : £550,000
- Bedrooms: 9
- Bathrooms: 5
MODERN AUCTION PROPERTY - T&C's and Buyers Fees Apply - Blockland and Brookvale Auctions are delighted to present this freehold block of 5 apartments.
Description
Nestled in the ever-evolving heart of Nottingham’s NG7 postcode, this unbroken freehold block of five apartments presents a rare opportunity for those with a keen eye and a bit of vision. It’s the sort of place that quietly whispers potential the moment you step up to it, solid, dependable, and just waiting for the right hands to bring it fully to life.
The building comprises four well-proportioned two-bedroom apartments alongside a one-bedroom unit, offering a balanced mix that appeals to a broad rental market. At present, two of the apartments are let at £750 pcm and £700 pcm, providing an immediate income stream, while the remaining three units sit vacant, two of which would benefit from a touch of refurbishment to truly shine. It’s that classic scenario: a bit of effort in, and a tidy uplift out.
With an estimated rental value of £43,800 per annum in its current configuration, the numbers already stack up nicely. But here’s where it gets interesting… the property also benefits from lapsed planning permission for three additional apartments. Reinstate that, and you’re potentially looking at a boosted ERV of around £69,000 per annum, alongside an estimated total GDV in the region of £900,000 to £1,000,000 once fully optimised.
The freehold status means full control, no fiddly leasehold complications, just a straightforward investment with room to grow. Whether you’re looking to expand your portfolio or dive into a project with both immediate return and future upside, this one ticks a lot of boxes.
All in all, this is more than just bricks and mortar, it’s an opportunity wrapped in character, with a future that’s yours to shape.
Flat 1Ground floor two bedroom apartment EPC rating of "C", Floor size 65 sqmFlat 2Ground floor two bedroom apartment EPC rating of "C", Floor size 53 sqmFlat 3First floor two bedroom apartment EPC rating of "C", Floor size 46 sqmFlat 4First floor two bedroom apartment EPC rating of "D", Floor size 52 sqmFlat 5Ground floor one bedroom apartment EPC rating of "C", Floor size 23 sqm
Auctioneer Comments
Offered via the Modern Method of Auction through Brookvale Auctions.
Should you view, offer or bid on the property, your information will be shared with the Auctioneer, Brookvale Auctions 0121 8204113 / Auction@brookvale.uk
Completion required within 56 days of reservation form being completed. (subject to mortgage, affordability and survey).
A non-refundable 4% + VAT Reservation Fee (Or a minimum of £5000 + VAT) is payable in addition to the purchase price and is included in Stamp Duty calculations.
All bidders will be required to complete ID and Anti-Money Laundering (AML) checks via Landmark Compliance or Credas.
Buyers will need to provide proof of funds and carry out their own due diligence
Subject to an undisclosed Reserve Price. Starting Bid and Reserve may change
Recommended third-party services are optional. Any referral fees will be disclosed upfront
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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