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See how verdicts work2-bedroom flat · NG1 1QR
For saleReduced £22k (−7.7%) on 26 OctListed 260 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Fabulous two double bedroom penthouse apartment, air conditioned with balcony. The property is located in the heart of The Lace Market with panoramic roof views high over Nottingham City.
This exclusive apartment offers a large hallway entrance with floor to ceiling windows. Large open plan living space with high ceilings, spotlights and access to balcony overlooking the city skyline.
Separate kitchen with integrated appliances. To complete the penthouse, two large double bedrooms, one en-suite, both with fitted wardrobes.
Family bathroom with shower over bath completes the property.
Currently let at £1495 per month until September 2026 generating a 6.25% yield The property is offered with two underground allocated parking spaces.
The One Fletcher Gate development is vary well maintained and offers a concierge service.
Fletcher Gate is located right next to the Lace Market tram stop and only a 10 minute walk from Nottingham Train station with local amenities, bars and restaurants a short walk away.
Internal viewing very highly recommended.
Council: Nottingham City Council Council Tax Band: E EPC rating: D Tenure: Leasehold Lease length: 124 years from 23 December 2004 Service charge currently: £2,822 per annum.
Ground rent: £250 per annum. Please note all above figures have been provided by the seller- we would strongly advise these points are checked via a conveyancing solicitor.
Value & comps
No previous sales on record.
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 asking
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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 Adams Walk, Nottingham, Nottinghamshire, NG1 1QR
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