1-bedroom flat · NG1 1PF
Let agreedReduced £25 (−2.9%) on 3 OctListed 81 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a rare opportunity to rent a spacious one-bedroom flat in the heart of Nottingham-s Lace Market.
The kitchen is equipped with all of the appliances (Fridge freezer, oven, hob, dishwasher and washer-dryer) that you would expect in a luxury fitted kitchen.
Large windows provide plenty of natural light with a view over the square. The bathroom is equipped with a three-piece suite and a shower.
The flat is on the fourth floor, which means it is both private and removed from the hurly-burly of the street level. A lift ensures ease of access if you-d rather not climb the stairs.
Security is provided by entry-fob access to the building and an entry phone in the flat.
Unusually for a city centre location, this property also benefits from its own allocated parking space in a secure underground car park.
The location is exceptional, being right in the heart of the Lace Market; there-s a wide variety of pubs, clubs, bars, restaurants and the Nottingham Arena are all within a few minutes- walk.
The city centre shops, theatres and cinemas are also close at hand.
Transport links are provided by tram stops, the main-line railway station and the city-centre bus stops that are all a short walk away. Deposit £1,096 Sorry no Rent to Rent Lets.
Energy efficiency rating: 85 – Band B Council Tax Band: C Reference: 001806 Please note, by submitting an enquiry regarding this property you agree that we may send your details to the landlord of this property so they may contact you in order to answer any questions, or arrange a convenient viewing time.
Strictly no agent or sub-letting calls.
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
Agent & docs
FAQ
About Apt 40, 2, St. Marys Gate, Nottingham
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