Property for Sale: 11 Grove Road, Nottingham
Type: Two-Bedroom Leasehold Flat
Price: £149,000
Tenure: Leasehold (125 years from 6 March 2004; approx. 103 years remaining)
Size: Approx. 603 sq ft
Rental Income: £1,050 PCM (rolling tenancy since 1 September 2023)
Gross Yield: 8.46%
Key Features
• Spacious open-plan kitchen, diner, and lounge area
• Two first-floor bedrooms offering privacy and comfort
• Covered balcony for outdoor relaxation
• Well-equipped kitchen with modern fittings
• Currently tenanted with stable rental income
Prime Location Benefits
• Queens Medical Centre – Ideal for healthcare professionals
• University of Nottingham – Excellent for students and staff
• Nottingham City Centre – Just a 15-minute walk to shops, restaurants, and entertainment
• Sainsbury’s Supermarket – Conveniently nearby for everyday essentials
Investment Highlights
This property presents a compelling opportunity for investors seeking strong rental returns in a high-demand area. With a gross yield of 8.46% and an ongoing tenancy, it offers immediate income and long-term potential. The leasehold flat benefits from a healthy lease term and proximity to major institutions, making it attractive to both professionals and students.
Ground rent = £200 per year; service charges £1580 approx per year. Lease = £125 years. Selective (renting) license in place from NCC
To arrange a viewing or request further details, please contact Reeds Rains Estate Agents, Nottingham. Our team is ready to assist you with expert guidance and flexible viewing options
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.