Summary -
Flat 72 High Point,Noel Street,NOTTINGHAM,NG7 6BP
NG7 6BP
1 bed 1 bath Apartment
Tenants in situ, let at £750pcm until February 2026
Approx. gross yield ~11.25% based on current rent and price
Long lease: 982 years remaining (leasehold)
Service charge £1,400pa; ground rent £150pa
12th-floor apartment with good natural light and city views
Very high local crime and very deprived area—consider risk
Very slow broadband speeds may limit some tenants/users
Free on-site gym; excellent transport links and local amenities
This 12th-floor one-bedroom apartment in High Point, Noel Street, is presented with a sitting tenant and no upward chain — a straightforward purchase for investors seeking immediate income. The flat offers open-plan living, a large double bedroom and communal amenities including a free on-site gym. The current tenancy produces £750pcm (£9,000pa), giving a strong gross yield against the £80,000 asking price (approx. 11.25%).
The property is leasehold with 982 years remaining, a modest ground rent (£150pa) and an annual service charge of £1,400. Internally the finish is contemporary but basic, with a fitted kitchen, three-piece bathroom and useful built-in storage. The apartment’s 12th-floor position delivers city views and good natural light to the living space.
Buyers should note material negatives plainly: the building sits in a very high crime, very deprived area and broadband speeds in the block are reported as very slow. These factors may affect tenant demand and resale values for some buyer profiles. Council tax sits at Band A (relatively low), and transport links, supermarkets and local amenities are immediately accessible, supporting rental appeal to students and young professionals.
Overall this property suits investors who want immediate rental income and a long lease, accepting the local area challenges and communal costs. It may also appeal to first-time buyers willing to buy with a sitting tenant or to future owners targeting refurbishment and resale once area conditions improve.
1 bedroom apartment for sale in Huntingdon Street, Nottingham, NG1 — £95,000 • 1 bed • 1 bath • 448 ft²
1 bedroom flat for sale in Brightmoor Street, Nottingham, NG1 — £90,000 • 1 bed • 1 bath • 420 ft²
1 bedroom flat for sale in Hounds Gate, Nottingham, Nottinghamshire, NG1 — £38,000 • 1 bed • 1 bath
1 bedroom apartment for sale in Cranbrook Street, Nottingham, NG1 — £95,000 • 1 bed • 1 bath • 844 ft²
2 bedroom flat for sale in Sophie Road, Radford, Nottingham, NG7 — £110,000 • 2 bed • 1 bath • 480 ft²
Studio flat for sale in Mansfield Road, Nottingham, NG5 — £70,000 • 1 bed • 1 bath
