30th April 2019
Character apartments have space to extend
Two Long Eaton apartments producing an income of £14,400 per year are among the properties going under the hammer at SDL Auctions Graham Penny’s auction at Nottingham Racecourse next month.
With a *guide price of £175,000+, Apartment 1 & Apartment 2, 68 Hey Street, Long Eaton are set in an attractive Victorian semi-detached house with potential to extend, subject to planning permission.
Laura Wiles, valuer at SDL Auctions Graham Penny, feels the property would make a great investment.
She said: “This a is a lovely old property with loads of character features such as bay and sash windows and together the two flats produce a healthy income. Having looked at the property, we feel the ground floor could be extended to make Apartment 1 bigger, or even to create a separate unit, subject to planning permission.”
As it stands, Apartment 1, on the ground floor, comprises a fitted kitchen with integrated appliances, bathroom, living area, small dining area and a large double bedroom. It is currently let at £525 per calendar month (£6,300 per annum).
Entered via the ground floor with stairs to the first floor, Apartment 2 is arranged across two storeys with three bedrooms and two bathrooms.
On the first floor is a living room, small dining area, shower room and fitted kitchen with integrated oven, hob, automatic washing machine, dishwasher and fridge freezer. A large landing has stairs leading to three bedrooms and a bathroom on the second floor. There is also a spiral staircase leading to a small storage area on the third floor. This apartment is currently let at £675 per calendar month (£8,100 per annum).
Laura added: “This is a really spacious apartment with a landing large enough to be used as a study space or office. The third floor is a bonus, providing extra storage space.”
Outside a gravel driveway leads to a large gravelled area behind the property, providing parking for several cars.
The apartments are conveniently placed with shops, schools, supermarkets, healthcare services and parks all within walking distance. Nearby, water-lovers can hire a boat at Sawley Marina or try activities such as water skiing at Church Wilne Water Sports Club, while landlubbers may prefer Trent Lock Golf & Country Club, just a couple of streets away from the property.
Long Eaton is known for its excellent transport links, with easy access to the M1, A50 and A52. The property is a 10-minute walk from the railway station, which runs hourly services to Nottingham, Derby, Sheffield, London and more.
The two apartments are due to be sold at SDL Auctions Graham Penny’s auction at Nottingham Racecourse on Wednesday 22 May, with a guide price of £175,000+. There’s still time to enter a property into the auction. For more information, or a free auction appraisal of your property, call the team on 0115 958 8702 or click here.