Malcolm Close, Nottingham, NG3 5AP
By Cavendish Residential
£ 120,000
Reviews
3 out of 5 stars
Cavendish Residential says ..
INVESTMENT OPPORTUNITY. TWO DOUBLE BEDROOM property with OFF STREET PARKING. LARGE living/dining area. SEPARATE KITCHEN. TENANTED UNTIL JULY 2025. Estimated gross yield 9%. POPULAR location. 20 MINUTE WALK from city centre.
Property Oracle says ..
The property is a two-bedroom apartment located on Malcolm Close in Mapperley, Nottingham. The apartment is situated within a short distance of several schools, including Hollygirt School (0.22km), St Augustine’s Catholic Primary and Nursery School (0.47km), and Huntingdon Academy (0.71km). The proximity to these schools could be a significant advantage for families. Nottingham city centre is also relatively close, approximately 2.17km away, offering convenient access to a wider range of amenities and transportation links via East Midlands Railway.
Based on the provided images, the apartment appears to be in generally good condition, although some minor cosmetic work might enhance its overall appeal. There is no evidence of significant structural damage or the need for major renovations. The walls show some minor cracking in one bedroom, which is a factor to consider. The kitchen and bathroom appear functional but could benefit from some modernising.
The property does not appear to have a private garden, though there is a small communal area visible in the exterior photos. This lack of private outdoor space is a notable characteristic of apartment living.
Considering the list price of £120,000, and comparing it to similar properties in the area, the price appears to be in line with or slightly below the average for the area. Nearby apartments are listed at similar prices, with some slightly higher and others slightly lower. The absence of square footage information for the subject property makes a precise price-per-square-foot comparison challenging. However, given the average price per square foot in the area is £266, and the average price is £249,382, the list price of £120,000 suggests that the property may be priced competitively, especially considering its location and condition. Further investigation into the actual size of the apartment would allow for a more definitive assessment of its value.
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 7
- Location
- 8
- Land
- 3
- Bedrooms
- 2
- Bathrooms
- 1
- Sqft (est)
- 494.94
- Lot (est)
- 677.94
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 186,660.00 £Decreased by 32.16 %
- Est sale value
- 132,643.92 £Increased by 1.52 %
- Average area rental value
- 993.00 £/moIncreased by 16.14 %
- Est letting value
- 494.94 £/mo
- Est rental Yield
- 6.38 %Increased by 71.05 %
- Crime Rate
- 0.00 %
Agent Activity
Cavendish Residential created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Hollygirt School | Other Independent School | 0.22 KM | |
| Jamia Al-Hudaa Residential College | Other Independent School | Inadequate | 0.26 KM |
| St Augustine'S Catholic Primary And Nursery School, A Voluntary Academy | Academy Sponsor Led | Good | 0.47 KM |
| St. Ann'S South Children'S Centre | Children's Centre | 0.71 KM | |
| Huntingdon Academy | Academy Converter | Outstanding | 0.71 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Elm Avenue | £ 0 | 0 | 0.00 KM |
| Conway Close | £ 0 | 0 | 0.00 KM |
| Cardigan Close | £ 250,000 | 0 | 0.00 KM |
| Tenby Walk | £ 0 | 0 | 0.00 KM |
| Ravensdene Court | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Nottingham | 1826 | NOT | 2.17 KM |
| Bulwell | 1865 | BLW | 6.43 KM |
| Netherfield | 6241 | NET | 7.63 KM |
| Carlton | 6201 | CTO | 7.74 KM |
| Beeston | 1625 | BEE | 8.27 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Malcolm Close, Nottingham, Nottinghamshire, NG3 5AP | £ 117,500 | BUY | 5 / 10 | 0.00 KM |
| Malcolm Close, Nottingham, Nottinghamshire, NG3 5AP | £ 120,000 | BUY | 6 / 10 | 0.00 KM |
| Malcolm Close, Nottingham, NG3 5AP | £ 120,000 | BUY | 6 / 10 | 0.00 KM |
| Cranmer Street, Nottingham | £ 200,000 | BUY | 6 / 10 | 0.08 KM |
| Elm Close, Nottingham, Nottinghamshire, NG3 | £ 135,000 | BUY | 8 / 10 | 0.08 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 39 Malcolm Close | £ 75,000 | 0.01 KM |
| 33 Malcolm Close | £ 46,000 | 0.01 KM |
| 19 Malcolm Close | £ 60,000 | 0.01 KM |
| 31 Malcolm Close | £ 76,000 | 0.01 KM |
| 21 Malcolm Close | £ 105,000 | 0.01 KM |