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Two-bedroom flat in Worksop requiring renovation

Worksop, S80 - Get Access

2 bed 2 bath

Description

This vacant two-bedroom flat is situated within a prime location in Worksop. The property comprises an inviting entrance hall, two well-appointed bathrooms, a cosy living room, two spacious bedrooms, and ample storage throughout, and benefits from a boiler replacement within the last 12 months. Once renovated, the property could achieve a rental income of £700 to £750 per month, equating to £8,400 to £9,000 annually, resulting in a yield of 9% to 10% and presenting an ideal project for investors aiming to add value and benefit from capital and rental growth. The flat also offers an opportunity for students or young professionals eager to step onto the property ladder, with potential for customisation. Worksop is a vibrant market town in Nottinghamshire, known for its rich history, serene parks, and community spirit. Its excellent transport links connect residents to major cities, making it an ideal location for commuters while retaining a charming local atmosphere with varied amenities.
Comparable sales
No comparables available.
Estimated market value
£
Range: £ — £
High confidence Floor Area: 624 sq ft (EPC)

This two-bedroom purpose-built flat in Worksop was evaluated by directly examining recent sales within the same building. We assessed the property's 624 sq ft floor area alongside a good overall condition that features minor dated elements like carpets and kitchen units. Local market evidence from the immediate development serves as the primary benchmark for this assessment.

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