1-bedroom flat · NG1 5GY
For saleListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Trent Estate Agents are pleased to offer for sale this impressive fifth-floor apartment within the North West development on Talbot Street, Nottingham.
The apartment’s standout feature is its substantial open-air terrace, which provides an unusually generous amount of outside space for a one-bedroom city-centre property.
Accessed directly from the living area, the terrace has a paved surface, glazed balustrade, an open aspect above and elevated views across the surrounding cityscape.
Accommodation Entrance Hall The entrance hall has fitted carpet, recessed ceiling lighting and an intercom entry system. Doors lead to the bathroom, bedroom and open-plan living accommodation.
Storage Cupboard A useful built-in cupboard positioned off the entrance hall, providing valuable household storage.
Open-Plan Living and Dining Area A bright and well-proportioned living space with fitted carpet, recessed ceiling lighting and an electric wall-mounted heater.
Full-height glazing allows plenty of natural light into the room, while a glazed door provides direct access to the terrace. The layout offers space for both lounge and dining furniture.
Kitchen Open to the main living area and fitted with contemporary grey wall and base units, complementary work surfaces and an inset stainless-steel sink.
Fittings include an integrated electric oven, ceramic hob and extractor, with space and provision for further appliances.
Bedroom A well-presented double bedroom with fitted carpet, recessed ceiling lighting and a glazed outlook. A built-in wardrobe provides useful hanging and storage space.
Bathroom Fitted with a white three-piece suite comprising a panelled bath with shower above and glass screen, wash basin and WC.
The bathroom is finished with tiled walls, a fitted mirror and recessed lighting. Open Terrace A substantial open-air terrace accessed directly from the living area.
The terrace has a paved surface, glazed balustrade and elevated views across the surrounding cityscape. It provides a notable amount of outside space for a one-bedroom city-centre apartment.
Area information The North West development occupies a convenient position on Talbot Street, placing Nottingham city centre’s shops, restaurants, entertainment venues and public transport connections within walking distance.
Nottingham Trent University’s City Campus is nearby, together with the Theatre Royal, Royal Concert Hall, Rock City, The Cornerhouse and Victoria Centre.
The Royal Centre and Nottingham Trent University tram stops provide regular connections across the city, including services towards Nottingham railway station, the University of Nottingham, Queen’s Medical Centre, Beeston and Hucknall.
Nottingham railway station is approximately 1.1 kilometres away and provides direct connections to London, Birmingham, Leicester, Derby, Sheffield and other regional and national destinations.
The property is also conveniently placed for routes leading out of the city, including connections towards the A610, A52 and Nottingham’s wider road network.
Tenant-in-situ information The apartment is being sold subject to the existing tenancy and is therefore principally suited to a landlord or investment purchaser.
Tenancy type: Monthly assured periodic tenancy Current rent: £850 per calendar month Gross annual rent: £10,200 Tenancy deposit: £980, recorded as being held within an approved deposit scheme Viewings: Subject to the tenants’ availability and the required notice The purchaser’s solicitor should review the tenancy agreement, deposit documentation, rent statement, property licence and all supporting compliance records before exchange of contracts.
Material information Tenure: Leasehold Remaining lease: Approximately 977 years Service charge: Approximately £2,049.57 per annum, including reserve-fund contributions, calculated from the latest two six-month demands supplied.
Service charges are variable and must be confirmed through the management pack. Ground rent: Approximately £516.20 per annum, based on the latest information supplied.
The purchaser’s solicitor and proposed lender should review the ground-rent amount and all review provisions within the complete lease.
Council Tax: Band C, subject to confirmation by Nottingham City Council EPC: Rating C, with the current certificate Parking: The current tenant and letting agent have reported the use of one reserved underground parking space.
Written confirmation from the management company and verification against the lease or other legal documentation are awaited.
All floor areas are approximate and are provided for general guidance only.
Trent Estate Agents has not independently: Measured the building’s height or confirmed its statutory storey count Inspected or assessed the external wall system Determined whether an EWS1 or other external-wall assessment is required Confirmed the property’s suitability for mortgage lending Verified the legal extent of the roof terrace Verified the legal parking allocation Audited the service-charge accounts or future expenditure Interpreted the lease, ground-rent review provisions or title restrictions Verified the tenancy, deposit, licensing or statutory landlord compliance Tested any services, systems, fixtures or appliances Prospective buyers must rely on their own inspection and enquiries and obtain independent advice from their solicitor, surveyor, mortgage lender and other appropriate professionals before entering into a legally binding commitment.
These particulars do not constitute or form part of an offer or contract. Measurements and floor areas are approximate and are provided for guidance only.
No person employed by Trent Estate Agents has authority to make or give any representation or warranty concerning the property unless confirmed in writing.
Nothing in these particulars excludes or limits any liability that cannot lawfully be excluded or limited.
Viewings Viewings are strictly by appointment through Trent Estate Agents and will be arranged subject to the tenants’ availability and the required notice.
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 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 Apartment 506, Nottingham
Explore nearby