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See how verdicts work1-bedroom flat · NG1 1QR
For saleReduced £15k (−10.3%) on 26 OctListed 172 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Asking Price £145,000. Located in the heart of Nottingham City Centre. Boating accommodation briefly comprising open plan kitchen/living/dining room, double bedroom and bathroom.
In the heart of Nottingham's historic Lace Market the property benefits from great access into the city, is located a short walk from local shops and eateries and has great transport links for access to both Universities.
An ideal investment opportunity, the property is currently let for £900pcm with the scope to increase to £1150pcm offering a potential gross yield of 9.5%. Call now to view!
Hallway 1.8m (5'11) x 1.83m (6'0) Door to communal hallway, fitted storage cupboard.
Kitchen/Living Area 4.58m (15'0) x 7.08m (23'3) Kitchen area consisting of a matching range of fitted base and eye level units with worktop space over, stainless steel sink with mixer tap, integrated fridge/freezer, dishwasher and washing machine with fitted electric fan assisted oven, four ring ceramic hob with extractor hood over.
Open plan to lounge area, double glazed window. Lobby 1.05m (3'5) x 1.75m (5'9) Fitted wardrobe with sliding doors, door to: Bedroom 2.99m (9'10) x 3.24m (10'8) Double glazed window.
Bathroom 1.69m (5'7) x 1.92m (6'4) Fitted with three piece suite comprising bath with shower over, wash hand basin and WC, tiled splashbacks, heated towel rail.
General The property is currently let for £900pcm offering a gross yield of 7.4%.
Located in the heart on Nottingham City Centre the property has great access to local amenities, transport links and universities.
Lease Information Lease Information Lease: Ground Rent: Service Charge: Council Tax Band Band C 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. * Viewing 24hrs Notice To arrange a viewing on this property please contact our Sales Team at Walton & Allen on Nottingham .
Please note 24hrs notice is usually required on this property.
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.
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
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
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FAQ
About Number One Fletcher Gate, NG1
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