1-bedroom flat · NG1 1PF
For saleListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We are delighted to bring to market this immaculately presented apartment located in the heart of the Lace Market.
With accommodation briefly comprising of an open plan kitchen/living room, double bedroom and bathroom its make for a great investment in the heart of the city.
Currently let for £900pcm, it has a current gross yield of 8.3%. The property also benefits from having an on site caretaker, lift access and secure allocated parking space.
Located in the Lace Market the property is a short walk from local independent shops, restaurants and local transport links - Appealing to both students and professional tenants. Call now to view!
Hallway 1.09m (3'7) x 3.21m (10'6) Door to communal hallway, two storage cupboards.
Kitchen/Living Area 3.05m (10'0) x 6.3m (20'8) The kitchen has been newly refurbished and has a range of matching base and eye level units with worktop space over.
The kitchen has a fitted electric hob with extractor fan over, fan assisted electric oven, integrated fridge/freezer, dishwasher and washing machine.
The lounge area benefits from a double glazed window and electric heater. Bedroom 3.79m (12'5) x 2.87m (9'5) Double glazed window, fitted wardrobe.
Bathroom 2.37m (7'9) x 2m (6'7) Fitted with a three piece suite comprising of bath with shower over, wash basin and WC. Tiling to walls, heated towel rail.
Investment The property is currently let unfurnished for £900pcm. Parking The property benefits from a secure allocated parking space in the underground car park.
Lease Information Lease: 125 years from 2006 Ground Rent: £262.08 Service Charge: £1663.88 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. 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.
* 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
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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 advisors 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 The Living Quarter, The Lace Market, NG1 1PF
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