£110,000

1 bed flat for sale

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Auction
Leasehold

Guide price

£110,000

1 bed flat for sale

Teal Wharf, Nottingham, Nottinghamshire NG7

1 bed
1 bath
1 reception
EPC rating: C

Key Information

Tenure:
Leasehold
Time remaining on lease:
Service charge:
Council tax band:
A
Ground rent:
Ground rent date of next review:

Local area information

Property location

Nearby amenities

  • Edna G. Olds Academy 0.4 miles
  • Victoria Primary School 0.5 miles
  • Nottingham 0.9 miles
  • Beeston 2.3 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Nottingham to find out more about the local area.

Features and description

  • Leasehold
  • One Bedroom
  • University Nearby
  • Investment Opportunity
  • Leasehold
  • Cul-de-sac living
  • Allocated Parking
  • Sold via Modern Method of Auction
  • Tenanted
**investment opportunity - 8.4% yield**

Nestled in the tranquil embrace of a serene cul-de-sac within the vibrant NG7 Castle Marina area, this leasehold, 1 bed maisonette offers a contemporary haven set across two inviting floors. Boasting modernity at its core and an unbeatable location, this property presents an exceptional opportunity for those seeking proximity to Nottingham University or the Queens Medical Centre, along with a plethora of local amenities.

Auctioneer Comments This property is for sale by the Modern Method of Auction. Should you view, offer, or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyer’s solicitor. This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability, and survey). The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded. This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold. The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change. Referral Arrangements The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services, and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Key Features:

1. Contemporary Design: Step into a world of modernity as you enter this meticulously designed maisonette. From sleek finishes to thoughtfully utilized space, every corner exudes a sense of refined elegance.

2. Spanning two floors, this property offers a versatile layout that seamlessly blends functionality with style. The spacious living area, cozy bedroom, and well-appointed kitchen ensure comfort and convenience at every turn.

3. Prime Location: Situated in NG7 Castle Marina, this maisonette enjoys an enviable location that combines tranquillity with accessibility. With Nottingham University and Queens Medical Centre just a stone's throw away, it presents an ideal living option for students, faculty, or professionals seeking proximity to the campus.

4. Abundance of Amenities: Embrace the convenience of having an array of amenities right at your doorstep. From leisurely strolls along the picturesque Nottingham Canal to shopping excursions at the Castle Marina retail park, the options are endless. Additionally, nearby gyms, pubs, restaurants, and a hospital cater to every lifestyle need, promising a well-rounded living experience.

5. Rental Potential: With its strategic location, modern amenities, and proximity to Nottingham University, this maisonette presents an enticing rental opportunity. Investors and landlords alike will appreciate its appeal to the student and professional rental market, ensuring a steady stream of potential tenants. The property is currently advertised on the rental market at £800 pcm

6. Serene Environment: Tucked away in a quiet cul-de-sac, residents can relish the tranquillity and privacy that this location affords. Escape the hustle and bustle of city life while still being within easy reach of all essential amenities.

Don't miss out on the chance to call this modern maisonette your home or investment property. Whether you're a student, professional, or discerning investor, this residence offers an unparalleled blend of style, convenience, and rental potential. Contact us today to arrange a viewing and discover the limitless possibilities that await!

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Listed by

Frank Innes - Nottingham Sales

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