Summary - Apartment 90 Number One Fletcher Gate, Adams Walk NG1 1QR
2 bed 2 bath Apartment
Spacious penthouse with two parking spaces — ideal central investment.
Two-bedroom penthouse with panoramic Lace Market roof views
A rare penthouse in the heart of The Lace Market, this two-bedroom apartment occupies an expansive 1,851 sq ft with panoramic city views and two allocated underground parking spaces. The large open-plan living room, high ceilings and floor-to-ceiling glazing create a dramatic living space with a private balcony and separate kitchen with integrated appliances. The development offers concierge service and immediate access to Lace Market tram stop and Nottingham station, making it highly convenient for tenants or a buy-to-let investor.
Currently let at £1,495 pcm until September 2026, the property produces a marketed yield around 6.25%, making it suited to investors seeking hands-off income in a prime central location. Service charge and running costs are important to factor in: an annual service charge of about £2,822 and ground rent of £250. EPC rated D and electric room heaters are in place, so energy costs may be higher than gas-heated homes.
This is a leasehold apartment with approximately 103 years remaining. The immediate neighbourhood is cosmopolitan and dominated by students and city living — lively amenities, restaurants and bars are nearby, but the area records very high crime levels, which may affect long-term rental demand or owner-occupier preferences. Buyers should also note council tax band E and that the property is sold with sitting tenants; conveyancing checks are recommended to verify figures.
For an investor wanting central, large-format accommodation with secure parking and a concierge, this penthouse offers clear rental income and longevity. For an owner-occupier seeking a quiet suburban home, the busy city-centre, student-oriented location and crime figures may be significant drawbacks.
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