Summary -
Flat 23,Drapers Bridge,17-21 Hounds Gate,NOTTINGHAM,NG1 7AE
NG1 7AE
2 bed 2 bath Apartment
Spacious two-bed penthouse with roof terrace and parking — ideal income-producing city asset..
Penthouse apartment with private roof terrace and skyline views
Approx. 1,046 sq ft — large open-plan living space
Two double bedrooms, each with an ensuite bathroom
Allocated secured parking space included
Currently tenanted at £1,800pcm until Sep 2026 (income-producing)
Leasehold — 241 years remaining
Service charge £3,500pa; ground rent £250pa
Very high local crime rate; urban, student-heavy neighbourhood
This penthouse apartment on Hounds Gate presents a rare, spacious two-bedroom city-centre opportunity, offered with no upward chain and a long lease (241 years). The apartment extends to approximately 1,046 sq ft and features a large open-plan living area with bifold doors onto a private roof terrace — ideal for skyline views and entertaining. Two double bedrooms both have en suites, plus a separate W/C and an adaptable hallway study space.
The property currently generates rental income (£1,800pcm) on a fixed-term tenancy until September 2026, making it immediately income-producing for a buyer seeking an investment or secure let. Practical benefits include an allocated secured parking space, fast broadband and excellent mobile signal — important for tenants and city professionals.
Buyers should note material costs: an annual service charge of £3,500 and ground rent of £250. The estate sits in an urban, multicultural student neighbourhood with a very high local crime rating and higher area deprivation than average; buyers concerned with resale or owner-occupation should factor location into plans. The EPC is D and the council tax band is moderate.
Overall, this is a turnkey, contemporary penthouse with strong rental credentials and short-term tenancy security. It will suit investors seeking central, low-management stock or buyers wanting a sizeable city residence who accept city-centre trade-offs and existing service charges.
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