Springfield Mill, Sandiacre, Nottingham
Springfield Mill, Bridge St, Sandiacre, Nottingham NG10 5QX
Apartment | Buy To Let | Tenanted
£115,000
£650pcm
Rent
6.2%
Gross yield
Investment Summary
- Price: £125,000
- Market Rent: £650 pcm
- G/R: £300 pa
- S/C: £1752.84 pa
- Annual Gross Income: £7,800.00
- Estimated Net Income: £5747.00
- Gross Yield: 6.2%
- Net Yield: 4.6%
- EPC: D
Property Description
- Beds: Two
- Baths: One
- Sq/ft: 729
- Floor: Ground
- Apartment
- Allocated Parking
- Status: Tenanted
- Tenure: Leasehold
- Furnished: yes
- Lease Length: 240 years remaining
The Development
The building, once a Victorian lace mill, is set in a waterside landscape in the peaceful village of Sandicare, a desirable location within close distance of both Derby and Nottingham City Centres
- Grade 2 listed
- Secure Parking
- Lift Service
- Canal View
- The M1 and Nottingham East Midlands Airport are also nearby
Why Invest?
- HS2 Hotspot – Toton Terminal under three miles away
- 7 miles from Nottingham City Centre
- 9 miles from Derby City Centre
- Excellent rail (Nottingham Station) and road links (M1) to London.
- House price set to rise 24.6% by 2018. University city Economy of £12.1 billion
- Part of “Midlands Engine,” – a plan to create 300,000 jobs and produce £34 billion for the UK economy
Map
Financial Example
| Deposit 30% | £37,500.00 |
| Mortgage | £87,500.00 |
| Mortgage / Interest Only (3%) | £2,625.000 |
| Estimated Costs | £2,052.84 |
| Total Cash Invested | £42,177.840 |
| Annual Return on investment | 13.63% |