Summary - NUMBER ONE FLETCHER GATE APARTMENT 84 ADAMS WALK NOTTINGHAM NG1 1QR
2 bed 2 bath Apartment
Turnkey rental in the Lace Market, ideal for steady income investors.
Tenanted until July 2026 at £1,150 pcm
Estimated gross yield around 7.9% at asking price
Furnished two double bedrooms, master with en-suite
Open-plan living, dining and fitted integrated kitchen
One gated underground parking space included
Service charge £2,712.26pa; ground rent £250pa
Lease 103 years remaining (expires 2128)
Main heating electric room heaters; EPC rating C; very high local crime
A fully furnished two-bedroom apartment in the One Fletcher Gate development, offered as a long-term tenanted investment. The open-plan living, dining and kitchen area has integrated appliances and laminate flooring; the master bedroom includes fitted wardrobes and an en-suite. The property is located in the Lace Market, within walking distance of Nottingham Train Station and the tram, making it attractive to city centre renters.
Currently let at £1,150 pcm until July 2026, the apartment delivers an estimated gross yield of 7.9% at the asking price. It includes one gated underground parking space and sits on a 103-year lease. Annual costs include a service charge of £2,712.26 and a ground rent of £250.
Notable practical points: the EPC is rated C and the main heating is electric room heaters rather than a communal gas system, which can affect running costs and tenant appeal. The local area is a cosmopolitan, student-oriented neighbourhood with excellent public transport and amenities but records a very high crime level — a material consideration for some buyers.
This is suitable for investors seeking a hands-off city-centre income stream with medium-term security from an existing tenancy. Buyers should verify rental income, service charge figures and lease details with their solicitor and consider the impact of electric heating and local crime statistics on future rental prospects.
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