3-bedroom flat · NG1 1QR
To rentListed 59 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Well presented three double bedroom, air conditioned, duplex penthouse apartment with private terrace in the heart of The Lace Market with panoramic views over Nottingham City.
This exclusive apartment offers two large bedrooms (both with en-suite) on lower level.
Wooden staircase leads up to the top floor opening to a fantastic size lounge with 20ft ceiling, spotlights, floor to ceiling windows, contemporary furnishings and access to terrace overlooking the city.
the Kitchen is open plan with integrated appliances. The top floor also compromises of the third double bedroom with guest cloakroom and WC.
Fletcher Gate is located close to the tram stop and only 10 minute walk from Nottingham Train station, making this location ideal for those who commute for work. Internal viewing highly recommended.
Council: Nottingham City Council Council Tax band: F EPC rating: D IMPORTANT INFORMATION: Fees, Payments and Deposit Breakdown Individual Applications under Assured Shorthold Tenancies Tenant applications - No fee Guarantor charge (if applicable) - No fee Home Office Visa Check (if applicable) - No fee Holding Deposit (to reserve the Tenancy subject to referencing) - 1 week's rent Tenancy Deposit - up to 5 weeks rent Payments in the event of default: Lost keys and/or security devices - Tenant will be liable to cover the cost of replacement of these items Late payment of rent - Tenant will be liable to pay interest on outstanding rent (at a rate of 3% above Bank of England base rate) Other Fees: Variation of Contract - £50 Assignment of Contract (change of Tenant) - £50 or reasonable costs if higher (this will be determined case by case) Surrender of Tenancy - A Tenant will be required to make a payment for an early termination (surrender) of the Tenancy Agreement at the Tenant's request.
The payment cannot exceed the loss suffered by the Landlord or reasonable costs incurred by us as the Letting Agent Corporate Tenancies Company applications - £450 per Tenancy Holding Deposit - determined on application Tenancy Deposit - determined on application Payments in the event of default - determined at the time of the default
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About One Fletcher Gate, Adams Walk, Nottingham, Nottinghamshire, NG1 1QR
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