Apartment 309 Marco Island, Nottingham, Nottinghamshire, NG1 1AP

Description

An excellent opportunity to acquire a tenanted one-bedroom apartment within the popular Marco Island development in the heart of Nottingham city centre, providing an attractive ready-made investment with immediate rental income. Situated on the third floor, the apartment extends to approximately 431 sq ft and comprises an entrance hallway, double bedroom, bathroom and a spacious open-plan kitchen/living area. The accommodation is well presented throughout, with a modern fitted kitchen featuring integrated appliances and a bright, contemporary living space. The property is currently let at £750 per calendar month, generating a gross annual rental income of £9,000, making this an ideal opportunity for investors looking to acquire an established city-centre buy-to-let. Marco Island is conveniently positioned for Nottingham city centre and its extensive range of shops, restaurants, bars, universities and transport connections, helping underpin strong ongoing rental demand. The property is offered leasehold with approximately 132 years remaining and benefits from an excellent EPC rating of B. Current Rent: £750 PCM / £9,000 PA Tenure: Leasehold – approximately 132 years remaining Service Charge: Approximately £1,125 PA Ground Rent: Approximately £250 PA EPC Rating: B Floor: Third Floor Approximate Size: 431 sq ft A well-presented, income-producing city-centre apartment offering an attractive ready-made investment opportunity. Tenure: Leasehold EPC Rating: B

Accommodation

The supplied particulars indicate approximately 1 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Nottingham, Nottinghamshire. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. The screening case depends on achieving a sufficient margin or sustainable income after all acquisition and holding costs.

Works Required

• Review complete building/property condition

• Electrical and heating inspection

• Allow for decoration and repairs where required

Rental & Market Context

HB screening rent is approximately £200–£250 pcm (£2,400–£3,000 pa). Replace this with current local letting evidence. The source also indicates published income of about £9,000 pa, which should be verified against tenancy documents.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Illustrative 75% refinance on the HB indicative value range is about £24,000–£28,500 against purchase + works of approximately £35,000–£42,000. Actual refinance depends on valuation, works, finance costs, rental stress testing and lender criteria.

Flip Analysis

The initial gross value spread is approximately £-10,000–£3,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Verify tenancy agreement, deposits, rent schedule and compliance

Recommendation

Initial recommendation: Buy-to-Let / Income Investment. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Buy-to-Let: ★★★★☆

• BRRR: ★★★☆☆

• Flip: ★★★☆☆