Summary - Flat 19 Cranbrook House, Cranbrook Street NG1 1ES
1 bed 1 bath Flat
Affordable auction lot in a lively student neighbourhood with allocated parking.
One-bedroom flat, approximately 474 sq ft
A compact one-bedroom flat in the heart of Nottingham city centre, offered at auction with a low guide price that will attract investor interest. The apartment (approximately 474 sq ft) sits in a modern block with key-fob entry, weekday concierge and an allocated off-street parking space — practical perks for city tenants or short-term lets. Transport links are strong with tram, bus and train connections a short walk away, and major entertainment and sports venues close by.
Buyers should weigh the purchase price against clear ongoing costs: the property is leasehold with an average ground rent of £254 and an administration fee of £3,600 payable on exchange; other disbursements may appear in the legal pack. Heating is by electric room heaters (no communal gas or central heating), and broadband speeds are average. The wider area is a multicultural, student-dominated neighbourhood with high crime statistics and pockets of deprivation—important considerations for lettings, insurance and personal security.
This is an auction lot best suited to investors or buyers prepared for hands-on management. The flat offers immediate rental potential due to its central location and nearby amenities, but expect to manage tenant turnover and to factor in maintenance, potential refurbishment and additional upfront fees. Check the legal pack and arrange a survey before bidding.
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