47 Burns Street, Arboretum, NG7 4DS
HE

47 Burns Street, Arboretum, NG7 4DS

By HEB Property Consultants

£ 375,000

Reviews

2 out of 5 stars

HEB Property Consultants says ..

Residential investment opportunity. Three, two bed self-contained, fully refurbished flats. One flat is already sold on long lease (101 years remaining). Sale price forms part of a two-property portfolio.

Property Oracle says ..

This property is a block of apartments located in the Arboretum area of Nottingham, marketed as a residential investment opportunity. The listing specifies three, two-bed self-contained flats, with one already sold on a long lease. The provided photographs showcase recently renovated interiors, with modern kitchens and bathrooms, suggesting a high-quality refurbishment. The property’s location offers access to local schools, although the precise Ofsted ratings of schools serving the property’s tenants are not explicitly stated. Transport links to Nottingham city centre are also available. The absence of information regarding the size of the individual flats within the block is a significant drawback; without knowing the size of each apartment, it’s difficult to assess the true value for money in comparison to other properties on the market. The lack of any significant external space, such as a garden, should be considered a negative factor for potential buyers or tenants who value outdoor space. In summary, this investment property shows promise, especially if there is significant rental income associated with the unoccupied units. However, the lack of detail regarding individual apartment sizes and the absent plot size makes a comprehensive evaluation challenging. Further due diligence and professional property valuation are highly recommended before any purchasing decision is made.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
8
Location
7
Land
1
Bedrooms
0
Bathrooms
0
Sqft (est)
623.23

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
162,250.00 £
Decreased by 29.75 %
from 230,969.00 £
Est sale value
139,603.52 £
Increased by 5.66 %
from 132,124.76 £
Average area rental value
986.00 £/mo
Increased by 8.59 %
from 908.00 £/mo
Est letting value
623.23 £/mo
from 0.00 £/mo
Est rental Yield
7.29 %
Increased by 54.45 %
from 4.72 %
Crime Rate
5.00 %
Unchanged by 0.00 %
from 5.00 %

Agent Activity

  • HEB Property Consultants created the listing.

Nearby Schools

NameTypeOfstedDistance
Denewood AcademyAcademy Alternative Provision Sponsor LedGood0.01 KM
Unity AcademyAcademy Alternative Provision Sponsor LedRequires improvement0.06 KM
Fig Tree Primary SchoolOther Independent SchoolGood0.35 KM
Bentinck Primary And Nursery SchoolCommunity SchoolGood0.62 KM
Take 1 Learning CentreOther Independent SchoolRequires improvement0.63 KM

Images

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Nearby Streets

NameAverage PriceAverage SqftDistance
The Grove £ 000.00 KM
Ortzen Street £ 000.00 KM
Goodwin Street £ 000.00 KM
Old Mill Close £ 000.00 KM
Ireton Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT2.61 KM
Bulwell1865BLW5.49 KM
Beeston1625BEE6.49 KM
Hucknall1862HKN9.23 KM
Netherfield6241NET9.45 KM

Nearby Listings

AddressPriceTypeScoreDistance
47 Burns Street, Arboretum, NG7 4DS £ 375,000BUY5 / 100.00 KM
111 Forest Road West, Arboretum, NG7 4ES £ 495,000BUY4 / 100.01 KM
54 Forest Road West, Arboretum, NG1 4EQ £ 340,000BUY4 / 100.03 KM
52 Forest Road West, Arboretum, NG1 4EQ £ 275,000BUY5 / 100.03 KM
105 Forest Road West, Arboretum, NG7 4ER £ 525,000BUY5 / 100.04 KM

Nearby Properties

AddressPriceDistance
1 Larkdale Street £ 495,0000.08 KM
17b Larkdale Street £ 800,0000.10 KM
17a Larkdale Street £ 800,0000.10 KM
24 Forest Road West £ 125,0000.11 KM
12 Waterloo Road £ 177,5000.12 KM