Compact investment flat with strong rental prospects near transport and nightlife.
City-centre location in Hockley, excellent transport links and amenities
Two bedrooms, two bathrooms including main ensuite
Approx 611 sq ft — compact but well laid-out for sharers
EPC B; double glazing; built 1996–2002
Electric storage heating — expect higher running costs
Sold at auction; £3,600 admin fee payable on exchange
Tenure unclear — check legal pack for restrictions or service charges
High local crime and area deprivation; suited to investor or short-let use
This two-bedroom, two-bath apartment in Lexington Place offers straightforward city-centre living and clear rental potential in Nottingham’s Hockley area. The flat’s layout — main bedroom with ensuite, open living/dining and a separate bedroom — suits sharers or short-term lets; nearby tram, bus and train links make it highly accessible. The property benefits from double glazing, an EPC B and an on-site car park with secure entry.
The sale is by auction (10–11 November). An administration fee of £3,600 inc. VAT is payable on exchange and the legal pack should be checked for tenure and any additional disbursements. The apartment was constructed between 1996–2002 and uses electric storage heating; buyers should expect higher heating costs compared with gas-heated homes.
The local area is a multicultural, cosmopolitan student neighbourhood with many amenities, nightlife and leisure options — attractive for lettings but associated with higher crime and area deprivation statistics. The flat is relatively small (approximately 611 sq ft) and best suited to investors, young professionals or buyers seeking a low-maintenance city base. Any purchaser should verify tenure details in the legal pack and consider refurbishment or targeted management for lettability and yield.
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