Flat 203 Regency Suites, 65 Russell Street, Nottingham NG7 4FL

Description

A property nestled within the heart of Russell St in NG7 and close to Nottingham city centre, the Queens medical centre and a wide range of amenities, shops, cafes and restaurants. The studio apartment is found on the 1st floor of a contemporary and stylish character building which offers a reception, gym room and onsite cafe. The apartment itself has a kitchen area, open plan living/sleeping area as well as a shower room.

Accommodation

Kitchen area, open plan living/sleeping area and shower room.

Location

Close to Nottingham city centre, the Queens medical centre and a wide range of amenities, shops, cafes and restaurants.

Tenure / Property Information

Investment Analysis

The only completed-sale evidence is five transactions recorded at 65 Russell Street in 2018, ranging from £78,900 to £112,343. The evidence does not identify the specific flat, provide current market timing, or establish that the comparables are studios. A current GDV therefore cannot be supported. The £1,000+ guide should not be treated as market value. The disclosed 2025 service charge is £5,480.07 and ground rent is £500 per annum, materially important to valuation and affordability. The buyer premium is 4.8% including VAT, subject to a £6,000 minimum, with possible additional special-condition fees.

Investment Snapshot

Strategy Recommendation

Do not bid on the supplied evidence alone. Proceed only after confirming the exact unit’s legal title, current service-charge position, lease terms, condition, resale value, rental evidence and all special-condition costs.

Works Required

No condition defects or refurbishment requirements are evidenced. Allow only for inspection and any works specifically identified in the legal pack or viewing; no works allowance can be supported from the supplied evidence.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy cannot be underwritten without a current, unit-specific GDV, supported rent, condition assessment and finance assumptions. The high disclosed service charge and ground rent reduce rental and refinance attractiveness. The minimum £6,000 buyer premium also means the guide price is not the acquisition cost.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. The £5,480.07 annual service charge and £500 ground rent would need to be deducted from rent before assessing net cash flow, alongside finance, management, void and other costs.

Flip Analysis

A flip cannot be reliably assessed. Historical same-address sales provide context only, ranging from £78,900 to £112,343 in 2018, but they are not confirmed as this studio or current comparables. No refurbishment budget, current GDV or supported selling-cost allowance is available.

Investor Risks & Due Diligence

• The 2025 service charge is £5,480.07 per annum.

• Ground rent is £500 per annum.

• The buyer premium is subject to a £6,000 minimum, which is substantial relative to the £1,000+ guide.

• Additional fees may be listed in the Special Conditions of Sale.

• The five completed sales are from 2018 and do not identify the specific studio flat.

• No sufficiently specific rental evidence or passing rent is supplied.

• No condition or refurbishment information is supplied.

• Leasehold title and the detailed legal and service-charge provisions require verification.

Recommendation

Do not bid on the supplied evidence alone. Proceed only after confirming the exact unit’s legal title, current service-charge position, lease terms, condition, resale value, rental evidence and all special-condition costs.

Strategy Rating

Analysis Confidence

The lease length, tenure, recurring charges, auction premium and historical same-address sales are supplied, but current unit-specific valuation, rental, condition, occupancy and total acquisition-cost evidence are missing.