Renovated city-edge flat with parking and strong rental potential.
Fourth-floor two-bedroom, two-bath layout with balcony
This fourth-floor, two-bedroom apartment in the Hicking Building has been newly renovated and presents as a turn-key rental or city-base buy. The open-plan living area (approx. 30'5" x 12'5") includes an integrated kitchenette, white goods and a balcony, while two double bedrooms and two bathrooms increase tenant appeal and yield potential. Allocated off-street parking in the underground car park and fob entry add security and convenience for residents.
Financially the property is set up for letting: the seller’s guide rental estimate is around £1,100 pcm, the 105-year lease offers long-term security, and broadband and mobile signals are strong. Note the annual service charge (£2,993.56) and ground rent (£180 shown, marketing later notes £312.50) which reduce net income — factor these into any yield calculations. Council tax is described as affordable.
Location is a cosmopolitan, multicultural student neighbourhood on Nottingham’s outskirts with excellent transport links and local amenities within walking distance. That boosts re-let speed and occupancy but also means the immediate area has a higher crime level and a stronger student/short-term let market than typical family neighbourhoods. For owner-occupiers seeking long-term residential quiet, this may be less suitable.
Overall this is a practical, modern apartment with straightforward management needs and clear rental demand. Investors looking for city-edge stock with low immediate maintenance (recent refit, new carpets) will find it attractive; buyers sensitive to service charges, higher local crime or seeking a purely family-orientated area should weigh those factors carefully.
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