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2 bedroom apartment for sale - Westgate Street, Nottingham, NG3 - Property View 1
  • 2 bedroom apartment for sale - Westgate Street, Nottingham, NG3 - Property View 2
  • 2 bedroom apartment for sale - Westgate Street, Nottingham, NG3 - Property View 3
2 bedroom apartment for sale - Westgate Street, Nottingham, NG3

£55,000

Guide price

Westgate Street, Nottingham, NG3

2 bedroom apartment for sale

  • 2 Beds
  • 1 Baths

Key Features

  • 8 WEEK EXCHANGE
  • Tenant in situ
  • £950 PCM rental
  • 20.7% gross yield
  • Ground floor apartment
  • Central Nottingham location

Description

A ground floor two bedroom apartment offering an excellent investment opportunity with a tenant in situ currently paying £950 PCM, providing immediate and reliable income. The property is presented in fair condition, giving scope for future improvement.

The accommodation is well laid out with two bedrooms, a comfortable living space, functional kitchen and bathroom, appealing to both investors and owner-occupiers. Positioned on Westgate Street, the property is within easy reach of Nottingham city centre, local amenities, and transport links, supporting strong ongoing rental demand.
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Room Details

Auction
To be sold by online auction (conditional) on Thursday 30th April 2026 with an 8 WEEK EXCHANGE, bidding will open at 10.00.
To view
Viewings will be conducted prior to the auction, please visit our website to book an appointment at firstforauctions.co.uk
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Tenure
Leasehold with tenant in situ.
Lease
125 years from and including 1 July 2008
Ground rent and service charge
Please see legal pack for further details.
EPC rating
D
Council tax band
A - Nottingham
Reservation Deposit
The buyer is required to sign a Reservation Agreement and make payment of a non-refundable Reservation Deposit of £6,000 to the Auctioneer in return for the grant of the Exclusivity Period. The Reservation Deposit forms part of the purchase price for the property.
Exclusivity Period
Exclusivity Period means the period of 56 days from the date the Reservation Deposit is received by the Auctioneer, during which the Buyer and Seller will endeavour to exchange Contracts for the Transaction. Full details and a sample copy of the Reservation Agreement and Terms and Conditions are available in the Legal Pack.
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor's solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor. The documents may not tell you everything you need to know about the property and you are required to complete your own due diligence before bidding.
Guide prices
Guide Prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a lot will sell for and may change at any time prior to the auction. Each lot will be offered subject to a Reserve, (a figure below which the Auctioneer cannot sell the lot during the auction) which we expect will be set within the Guide Range, or no more than 10% above a single figure Guide Price.
Additional fees
Please ensure that you check the Legal Pack for each lot that you are interested in, prior to bidding. Paid in addition to the purchase price on completion, the Buyer shall reimburse the Seller's solicitors in respect of disbursements incurred in obtaining the Local, Drainage and Environmental search results at £399.60 inc VAT, and the sellers auction fees relating to the sale charged at £6,000 inc VAT.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered on an auction basis in accordance with the “Terms & Conditions - Unconditional Auction".
Mortgage finance
We advise all bidders who require a mortgage to confirm with their Financial Advisor as to whether or not the lot you are interested in would be suitable security to borrow finance against, prior to bidding. If you need to arrange a mortgage it is important that you obtain an offer from your lender before the day of the auction. Most building societies and banks will instruct a surveyor to prepare a valuation report before making a mortgage offer.

Location

Westgate Street, Nottingham, NG3

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2026-03-19 16:31:14
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