Summary - PORTLAND SQUARE FLAT 4 RALEIGH STREET NOTTINGHAM NG7 4HR
2 bed 1 bath Ground Flat
Ready-made buy-to-let with long lease and strong immediate income.
Investment only — tenanted until 23 July 2026
Produces £13,000 pa; gross yield approx. 9.6% (immediate income)
Long lease: 999 years remaining
Approx. 705 sq ft; open-plan living with private patio
Allocated gated off-street parking included
Service charge approx. £2,784 per year
Area: strong rental demand near universities and city centre
Notable negatives: very high local crime and very deprived area
This ground-floor, two-bedroom apartment on Portland Square is offered for investment only, sold with sitting tenants until 23 July 2026 and producing £13,000 per year (£250 pw). The recent lease extension to 999 years removes long-lease risk, and the advertised gross yield of 9.6% delivers immediate, predictable income for a buy-to-let portfolio.
The flat extends to approximately 705 sq ft with a practical open-plan living/kitchen area and French doors onto a private patio. Accommodation includes two well-proportioned bedrooms and a modern three-piece bathroom. The property benefits from double glazing, mains gas central heating (boiler and radiators) and an allocated, gated off-street parking space within the development.
Running costs and local context are important considerations. Service charges average £2,784 pa and the wider area is classified as very deprived with very high local crime levels; these factors can affect management, tenant profiles and insurance costs. The location does, however, enjoy strong, year-round rental demand due to proximity to Nottingham Trent University, the city centre and good public transport links.
Overall this is a straightforward, low-risk income asset for an investor seeking immediate cashflow and long lease security. Prospective purchasers should note the tenancy term, service charge level, and local area indicators when assessing yield and management requirements.
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