Summary - THE HABITAT FLAT 10 WOOLPACK LANE NOTTINGHAM NG1 1GH
2 bed 2 bath Apartment
Compact, rentable two-bed with parking in Nottingham’s vibrant Lace Market.
Two double bedrooms and two modern bathrooms
Open-plan kitchen/living with Juliet balcony
Allocated secure underground parking space
First-floor flat with lift access; no onward chain
Very long lease: 978 years remaining
Service charge about £2,223pa; ground rent £249.96pa
Electric room heaters (higher running costs than gas)
Located in a high-crime, student-dominated, deprived area
Set on the first floor of a modern development in Nottingham’s Lace Market, this two-bedroom apartment offers straightforward city-centre living with secure off-street parking. The open-plan living/kitchen benefits from a Juliet balcony and natural light, making the most of a compact 556 sq ft footprint. With lift access and a very long lease (978 years), the home is low-maintenance and ready to occupy with no onward chain.
As an investor or city-based purchaser, the property’s location in a lively, multicultural student neighbourhood is a clear plus for rental demand and short- let potential. Practical features include allocated underground parking and contemporary double glazing (post-2002). Annual costs are modestly high for upkeep: service charge circa £2,223 and ground rent £249.96.
Buyers should note material considerations: the area records higher-than-average crime and is classified as relatively deprived, which may affect rental yields and resale for some buyer types. Heating is electric via room heaters rather than a communal gas system, which can mean higher running costs. The apartment is small in overall size, so it suits downsizers, sharers or rental use rather than buyers needing generous living space.
Overall this is a compact, well-located city flat with strong rental appeal and minimal immediate repair needs, but purchasers should factor in running costs, local neighbourhood characteristics, and the suitability of electric heating to their plans.
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