30 Argyle Court, Nottingham, Nottinghamshire, NG7 3LW

Description

Desirable one bedroom apartment, positioned around a 10 minute walk from Nottingham city centre and around five minutes from Radford high street. The property is located in a secure block and is smartly furnished with no renovation required. It has a private garden area and front and rear entrances.

Accommodation

Entrance hall with a modern three-piece bathroom suite, bedroom facing the garden, living room and kitchen to the left of the hallway, with access to the kitchen via the living room.

Location

Walking distance to Nottingham city centre, around a 10 minute walk, and around five minutes from Radford high street. Positioned near many great amenities.

Tenure / Property Information

Investment Analysis

The supplied guide is £60,000–£70,000, but there is insufficient current completed-sale evidence to establish a defensible GDV. The only comparable is a 2015 sale at £24,960 in the same development and is too old to rely on without further evidence. A midpoint purchase analysis of £65,000 is used for yield illustration only, not as a formal valuation.

Investment Snapshot

Strategy Recommendation

Consider as a hold/BTL acquisition only if the passing rent, tenancy terms, service-charge position and full auction costs are verified. Bid discipline is essential because current GDV evidence is insufficient.

Works Required

No renovation is identified in the supplied description. Allow for ordinary inspection, compliance and maintenance checks, but no specific refurbishment works can be supported by the evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be completed because there is no supported current GDV, no refinance valuation and no confirmed passing rent. Using the £65,000 guide midpoint plus the known £3,600 administration charge gives an illustrative £68,600 purchase cost before any additional auction costs, but refinance proceeds cannot be calculated reliably.

Buy-to-Let Analysis

The property is occupied by a reliable long-term tenant, but the passing rent is not supplied. Advertised one-bedroom rents of £825–£865 pcm imply an illustrative midpoint annual rent of £10,140, producing approximately 15.6% gross yield on the £65,000 guide midpoint. On the known £3,600 administration charge, the illustrative gross yield is approximately 14.78% before service charge, finance, tax, management and other costs. Advertised rents are not achieved or guaranteed rents, and the £100 monthly service charge further reduces net income.

Flip Analysis

The apartment is described as requiring no renovation, but there is no reliable current resale comparable or supported GDV. A flip surplus cannot therefore be established. Additional seller-cost reimbursement, legal, search and transfer charges may also apply.

Investor Risks & Due Diligence

• Passing rent and tenancy terms are not supplied, despite the property being occupied.

• Rental figures are advertised asking rents rather than achieved or contracted rents.

• The £100 per month service charge reduces net income and its scope and future level are not supplied.

• The only sold comparable is from 2015 and cannot reliably establish current market value.

• Additional search, seller-cost reimbursement, legal and transfer charges may apply beyond the known £3,600 administration charge.

• Leasehold terms beyond the stated expiry and any restrictions affecting the private garden or parking are not supplied.

Recommendation

Consider as a hold/BTL acquisition only if the passing rent, tenancy terms, service-charge position and full auction costs are verified. Bid discipline is essential because current GDV evidence is insufficient.

Strategy Rating

Analysis Confidence

The property description, tenure, occupancy, guide, known administration charge and indicative rental listings are supplied, but passing rent, current valuation evidence, council tax, heating details and full auction costs are missing.