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See how verdicts work1-bedroom flat · NG1 1AY
For saleReduced £10k (−6.7%) on 26 OctListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price £150,000 - £160,000. We are delighted to bring to market this immaculately presented one bedroom apartment located in the heart of the Lace Market.
Boasting views to Nottingham Castle the property has spacious accommodation comprising of an open plan kitchen/living room, one double bedroom and family bathroom.
An ideal location for city living, the property is a short walk from Hockley and Nottingham Train Station and has great access to local shops, bars and restaurants.
Also benefiting from secure allocated parking, secure fob entry, lift access, entry phone system and communal terraces.
The property would make a great buy-to-let investment with a potential rent of £1200pcm offering a yield 9.6%. Call now to view!
Entrance Hallway 2.52m (8'3) x 2.4m (7'10) Airing cupboard and wall mounted radiator Kitchen/Living Area 6.52m (21'5) x 4.35m (14'3) Fitted with a matching range of base and eye level units with worktop space over, breakfast bar, stainless steel sink with mixer tap and draining board, dishwasher, fitted electric fan assisted oven, four ring ceramic hob with extractor hood over, double glazed windows, wall mounted radiator.
Bedroom 2.8m (9'2) x 4.22m (13'10) Two double glazed windows and wall mounted radiator.
Bathroom 1.69m (5'7) x 2.46m (8'1) Fitted with a three piece suite comprising bath with shower over, wash hand basin and W.C. Heated towel rail and tiling to walls.
Lease Service Charge: £1,537.44 per annum Ground Rent: £350 per annum Lease: 117 years remaining Disclaimer Walton & Allen, their clients and any joint agents give notice that 1: They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise.
They assume no responsibility for any statement that may be made in these particulars.
These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact. 2: Any areas, measurements or distances are approximate.
The text, photographs and plans are for guidance only and are not necessarily comprehensive.
It should not be assumed that the property has all necessary planning, building regulation or other consents and Walton & Allen s have not tested any services, equipment or facilities.
Purchasers must satisfy themselves by inspection or otherwise. Free Mortgage Advice Walton & Allen offer free initial mortgage advice.
We help you compare the whole of the mortgage market to find one of the best deals for you. Find out how much you could borrow and how much money you could potentially save.
Call or respond to this advert. *A mortgage is a loan secured against your home. Your home may be repossessed if you do not keep up repayments on your mortgage or any other debt secured on it.
Think carefully before securing other debts against your home. *
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About St Marys Court, St Marys Gate, Lace Market, NG1
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