Fantastic investment opportunity in the heart of Carlton Hill! This mid-terraced house presents a chance to acquire two self-contained flats, sold together with the freehold of the building. The ground floor flat offers a comfortable layout with a lounge, bedroom, kitchen, and bathroom, along with the added benefit of a gravelled rear garden area. Meanwhile, the first floor flat boasts a side hallway and stairwell, a lounge, bedroom, kitchen, and bathroom. Both flats are equipped with UPVC double glazing and electric heating. The ground floor flat is currently vacant but recently generated a monthly income of £595, while the first floor flat is rented at £540 per month, with this rent last reviewed in August 2022. This investment boasts a solid 7.8% gross yield, based on a combined rent of £1135 per month. With frequent bus routes to the city centre and a range of shops and amenities nearby, this property is a promising addition to your investment portfolio.
- Investment opportunity
- Two self contained flats within a mid terraced house
- Flats being sold together with Freehold of the building
- Ground floor flat with lounge, bedroom, kitchen and bathroom
- First floor flat with side hallway and stairwell, lounge, bedroom, kitchen and bathroom
- Ground floor flat allocated a gravelled rear garden area
- Both flats with UPVC double glazing and electric heating
- Ground floor flat currently vacant but last let at £595 pcm and first floor flat currently let at £540 pcm (rent last reviewed August 2022)
- 7.8% gross yield based on combined rent of £1135 pcm
- Situated in the heart of Carlton Hill, with frequent bus routes to the city centre and shops and amenities
GROUND FLOOR FLAT
Hall
3.51m x 0.99m (11'6 x 3'3)
Lounge
3.89m x 3.73m (12'9 x 12'3)
Kitchen
2.49m x 2.44m (8'2 x 8')
Bedroom
4.34m x 2.79m (14'3 x 9'2)
Bathroom
2.41m x 1.57m (7'11 x 5'2)
FIRST FLOOR FLAT
Hall
0.81m x 0.76m (2'8 x 2'6)
Landing
5.99m x 0.79m (19'8 x 2'7)
Lounge
3.91m x 3.56m (12'10 x 11'8)
Kitchen
2.44m x 1.98m (8' x 6'6)
Bedroom
3.73m x 3.00m (12'3 x 9'10)
Bathroom
2.18m x 1.55m (7'2 x 5'1)
COUNCIL TAX BAND RATING
Both flats are under the jurisdiction of Gedling Borough Council and are both Band A
This information was obtained through the directgov website. David James offer no guarantee as to the accuracy of this information.
Branch Details
David James Carlton
The David James Carlton branch was originally opened by our original Senior Partner in 1982 and became part of David James Estate Agents in 1991. The Carlton office has constantly maintained a market-leading position within its local market and now stands as the only estate agent on Carlton Hill. The branch has worked hard over the last thirty-two years to maintain our strong reputation for good service.
Address:317 Carlton Hill, Carlton, Nottingham, NG4 1GL
Call us:0115 987 8957
Opening times:9:00am - 5:30pm (Monday - Friday) 9:00am - 4:00pm (Saturday)
