13, Jacklin Gardens, Nottingham, Nottinghamshire

Description

A one bedroom, ground floor maisonette, offered for sale with a tenant in situ paying £695pcm. The property is located close to Nottingham city hospital and giving convenient access in Nottingham city centre. There are regular bus routes servicing the city centre, whilst also having a train station in the city centre with services running to London St Pancras. The accommodation comprises a living room, kitchen, bedroom and a kitchen, as well as ample storage space. There is a long lease in place, running until March 2203, leaving approximately 177 years remaining. A very good buy to let investment opportunity.

Accommodation

Ground Floor: living room, kitchen, bedroom and a bathroom.

Location

Close to Nottingham city hospital, Nottingham city centre, amenities and bus routes. Regular bus routes service the city centre, and Nottingham city centre has a train station with services running to London St Pancras.

Tenure / Property Information

Investment Analysis

The £50,000 guide equates to approximately £1,163 per sq.m for the stated 43 sq.m maisonette. No completed sales or reliable comparable valuation evidence has been supplied, so GDV and market value cannot be independently estimated. The stated £695 pcm tenant rent implies a strong headline gross yield, but service charge, ground rent, tenancy terms and any seller’s additional fees are unknown. The £300 pcm Beeston listing is an advertised asking rent and is not treated as a directly comparable achieved rent.

Investment Snapshot

Strategy Recommendation

Consider only as a cautious income-led buy-to-let at a price justified by the verified £695 pcm rent, subject to reviewing the tenancy, lease costs and special conditions. Do not rely on a BRRR or flip strategy without valuation and cost evidence.

Works Required

No specific defects or refurbishment requirements are evidenced. Allow for inspection and verification only, including condition, statutory compliance, tenancy documentation and the outstanding service-charge and ground-rent information. No refurbishment allowance has been included in the calculations.

Rental & Market Context

Potential BRRR Position

A BRRR assessment cannot be completed because no GDV, comparable sales, refurbishment budget or refinance valuation evidence has been supplied. The long stated lease is potentially supportive, but annual service charge, ground rent and review terms remain unknown. No refinance proceeds or cash-left-in figure is therefore supportable.

Buy-to-Let Analysis

At the £50,000 guide, the stated £695 pcm rent produces annual rent of £8,340 and a headline gross yield of 16.68%. Including the known £1,800 contract documentation fee, the yield is approximately 16.10% on the £51,800 known-cost basis. This is before service charge, ground rent, maintenance, insurance, voids, management, tax and finance costs. The tenant-in-situ status supports an income strategy, but passing-rent and tenancy documentation should be verified.

Flip Analysis

A flip surplus cannot be calculated because no completed sales, GDV or supported resale costs have been supplied. The property is tenanted, and no refurbishment requirement or value-add works are evidenced. The known acquisition basis is £51,800 before any seller’s additional completion fees and other ownership or resale costs.

Investor Risks & Due Diligence

• Annual service charge, ground rent, review period and ground-rent increases are not supplied.

• The seller may charge additional completion fees under the special conditions, but their amount is unknown.

• Tenancy terms, deposit, payment history and contractual rent have not been independently evidenced beyond the auction description.

• No completed sales or valuation evidence is supplied, so market value and refinance value cannot be established.

• Gross yield excludes operating costs, maintenance, voids, management, tax and finance costs.

• No parking or heating information is supplied.

• The £300 pcm rental evidence is an advertised asking rent in Beeston and may not be comparable to this property.

Recommendation

Consider only as a cautious income-led buy-to-let at a price justified by the verified £695 pcm rent, subject to reviewing the tenancy, lease costs and special conditions. Do not rely on a BRRR or flip strategy without valuation and cost evidence.

Strategy Rating

Analysis Confidence

The guide price, stated rent, lease length, EPC, size, occupancy and known documentation fee are supplied, but there are no sold comparables, no GDV evidence, no condition survey, no refurbishment costs and no service-charge, ground-rent or tenancy details.