Summary - Flat 81, Cranbrook House, Cranbrook Street NG1 1ES
1 bed 1 bath Flat
Auction sale for cash buyers — attractive rental yield potential in a transport-rich area.
- Upper-floor one-bedroom apartment, open-plan living
- Long lease remaining (approx. 126 years)
- Predicted rent c. £825 pcm (investment potential)
- Sold at auction; cash-ready buyers preferred
- Reservation fee 4.5% (min £6,600) plus pack costs
- Electric room heating; higher running costs likely
- Dated kitchen appliances and some damp reported
- High local crime rate; student-focused, deprived area
Set in a lively, well-connected part of Nottingham, this one-bedroom upper-floor apartment offers straightforward buy-to-let potential close to transport links and universities. The open-plan living space and compact modern kitchen suit tenants seeking low-maintenance city living.
Important positives include a long lease (approx. 126 years), double glazing, secure-entry block with lift access, and predicted rent of about £825 pcm — making it appealing to investors seeking immediate income. The property is sold chain-free at auction which can speed a sale for a ready cash buyer.
Buyers should note clear drawbacks: sale by auction (Modern Method) requires payment of a non-refundable reservation fee (4.5% of price, minimum £6,600) and completion timelines. The flat uses electric room heaters, has dated kitchen appliances and reported damp issues; the building and interior may need cosmetic updates or light refurbishment. The area has higher crime levels and the neighbourhood is a predominantly student, deprived inner-city environment. Complete your own due diligence before bidding.
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