Tenant in situ one-bed investment with concierge and lift, minutes from shops and transport..
- Fifth-floor one-bedroom with lift access and 24-hour concierge
- Tenant in situ — immediate rental income, sold leasehold
- Open-plan lounge/kitchen; 448 sq ft; compact bedroom
- Lease c.130 years remaining
- Service charge approx. £1,300 per year
- Electric room heaters — higher running costs than gas
- Located in cosmopolitan student neighbourhood; high rental demand
- Area shows signs of deprivation — impacts long-term growth
A compact one-bedroom apartment on the fifth floor offers a straightforward investment in Nottingham city centre. The property is sold with a tenant in situ, providing immediate rental income and no vacant possession work. Residents benefit from lift access and 24-hour concierge in a modern mixed-use building close to shops and transport links.
Internally the home has an open-plan lounge/kitchen, a small double bedroom and a three-piece bathroom across approximately 448 sq ft. Double glazing is fitted; heating is electric via room heaters so running costs may be higher than gas-heated properties. The lease has about 130 years remaining and the property is leasehold.
Notable running costs include an average service charge of around £1,300 and council tax band B. The wider area is classed as a cosmopolitan, student neighbourhood with higher footfall and signs of local deprivation — this supports rental demand but can affect long-term capital growth and requires realistic expectations about tenant turnover and wear.
This apartment will suit a buy-to-let investor seeking central location and immediate income, or a buyer wanting a low-maintenance city base. It also offers modest scope for cosmetic improvements to increase appeal, but expect limited layout changes and to budget for electric-heating running costs if upgrading heating is considered.