Summary - PORTLAND SQUARE FLAT 24 RALEIGH STREET NOTTINGHAM NG7 4HR
2 bed 1 bath Apartment
Long lease, immediate rental income in a student and commuter neighbourhood.
Let with tenants in situ at £1,080 pcm
A two-double-bedroom, second-floor apartment in Portland Square, offered with tenants in situ producing £1,080 pcm — a straightforward buy-to-let opportunity close to Nottingham city centre and university hubs. The open-plan living/dining/kitchen space has French doors to a Juliet balcony, and both bedrooms are good doubles for the size. The long lease (976 years remaining) and peppercorn ground rent reduce medium-term tenure risk.
Practical benefits include an allocated off-street parking space, communal lift access and an on-site management structure. The property’s location suits students and commuters with tram links, hospitals and city amenities within easy walking distance, supporting consistent rental demand in this area.
Buyers should note material considerations: the management company is carrying out intrusive fire-safety and cladding inspections and has an action plan in development, with works and timescales currently unknown. Internally, there is a visible ceiling stain and some mild discoloration in the living room that may indicate past or ongoing damp issues — these should be surveyed. Service charges average £1,660 annually (£138.36 pcm) and council tax is Band B.
This apartment is presented as a practical, income-producing asset for investors targeting Nottingham’s student and commuter market. The EWS1-related works and the local area’s high recorded crime and very deprived classification are factual negatives that will affect running costs, insurance and tenant profiles. For a buyer comfortable with those factors, the long lease and current rental income offer immediate cashflow and straightforward asset management potential.
2 bedroom ground floor flat for sale in Portland Square, Raleigh Street, NG7 — £135,000 • 2 bed • 1 bath • 705 ft²
2 bedroom apartment for sale in Derby Road, Canning Circus, NG7 — £120,000 • 2 bed • 2 bath • 752 ft²
2 bedroom apartment for sale in The Living Quarter, 2 St. Marys Gate, Nottingham, Nottinghamshire, NG1 1PF, NG1 — £155,000 • 2 bed • 2 bath • 778 ft²
1 bedroom apartment for sale in Derby Road, Canning Circus, NG7 — £80,000 • 1 bed • 1 bath • 441 ft²
1 bedroom apartment for sale in Noel Street, Nottingham, NG7 — £80,000 • 1 bed • 1 bath • 491 ft²
2 bedroom flat for sale in Lexington Place, Plumptre Street, Nottingham, NG1 1AN, NG1 — £180,000 • 2 bed • 1 bath • 788 ft²
