Compact city-centre flat ideal for local workers or first-time buyers.
Ground-floor one-bedroom flat, approx. 364 sq ft
955 years remaining on lease, leasehold tenure
5-minute walk to Queens Medical Centre, excellent transport links
Chain-free; offered at auction with low £60,000 starting bid
Annual service charge approx. £1,332; ground rent £200
EPC rating E; heated by electric storage heaters
Very high local crime level; small overall living space
Modern Method of Auction fees apply (reservation fee/minimum applies)
A compact one-bedroom ground floor flat positioned a five-minute walk from the Queens Medical Centre and well served by public transport into Nottingham city centre. The layout includes an open lounge/dining area, a practical fitted kitchen, a generous bathroom and a comfortable double bedroom, all within a converted building that retains industrial/period character.
Practical advantages include a 955-year lease, no onward chain, shared outdoor space and very low council tax (Band A). The property is chain-free and offered at auction with a low starting bid, which may appeal to first-time buyers and budget-conscious purchasers working locally.
Buyers should note several material considerations: the flat is small at around 364 sq ft, heated by electric storage heaters, and has an EPC rating of E. The development charges an annual service charge of approximately £1,332 and a ground rent of £200. The area records very high crime statistics, which may affect suitability for some buyers.
The sale is via the Modern Method of Auction. Successful purchasers will pay a non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and a Buyer Information Pack fee. Prospective buyers should confirm mortgage suitability and factor in auction fees and the service charges before bidding.
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