Summary - Apartment 3 Number One Fletcher Gate, Adams Walk, NOTTINGHAM NG1 1QP
1 bed 1 bath Apartment
Compact, bright city-flat ideal for first-time buyers or rental investors.
- Bright open-plan lounge/kitchen with two large windows
- Generous double bedroom, well lit throughout
- Close to tram stop and 10-minute walk to train station
- Estimated rental £950pcm; approx 7.5% gross yield
- Leasehold with c.103 years remaining (125-year lease from 2003)
- Service charge £2,050.82pa; ground rent £250pa
- Heating via electric room heaters, no gas central heating
- EPC rating C; Council Tax Band C (affordable)
Set in the heart of Nottingham’s Lace Market, this well-presented one-bedroom apartment offers straightforward city-centre living for a first-time buyer or a buy-to-let investor. The open-plan lounge/kitchen is bright from two large windows, and the double bedroom mirrors that airy feel. At around 507 sq ft, the layout works well for single occupancy or professional tenants.
Practical running costs are clear: leasehold with c.103 years remaining, an annual service charge of £2,050.82 and ground rent of £250. Council Tax Band C and an EPC rating of C are realistic positives for occupiers. The property is a short walk to the tram stop and around ten minutes from Nottingham train station — excellent for commuting and city leisure.
Buyers should note heating is by electric room heaters rather than a gas central system, and the apartment carries typical leasehold obligations and service charges. For investors, current rental expectation is c. £950 pcm, which equates to an estimated gross yield of around 7.5% at the guide price range. Overall, this is a low-maintenance, well-located city flat with immediate rental potential or a comfortable first home in a lively area.
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