Summary - The Habitat, Woolpack Lane, Lace Market NG1 1GJ
2 bed 2 bath Apartment
City-centre flat with parking and strong rental potential.
Two double bedrooms with fitted storage and master en-suite
Open-plan living/kitchen/diner with private balcony
Allocated underground parking space included
EWS1 compliant and 981 years remaining on lease
Chain free sale; compact 607 sq ft footprint
Estimated service charge £1,885.86 pa and ground rent £250 pa
Electric room heaters only — higher running costs likely
Located in a student-heavy area with higher local crime rates
Set in the popular Habitat development on Woolpack Lane, this two-bedroom apartment offers clear rental potential in Nottingham’s Lace Market. The open-plan living/kitchen opens onto a private balcony, and the property includes an allocated underground parking space and two bathrooms — features that appeal to professionals and students alike. The building is EWS1 compliant and the 981-year lease provides long-term security for buyers and landlords.
This is a compact 607 sq ft, low-maintenance flat with fitted storage in both bedrooms and integrated kitchen appliances. It is offered chain free and benefits from fast broadband and excellent mobile signal, supporting modern rental demand and home working. An estimated rental yield of 7.3% is achievable for buy-to-let purchasers, or it works as a convenient city-base for owner-occupiers.
Buyers should note the material running costs: an estimated service charge of £1,885.86 pa and a ground rent of £250 pa. Heating is by electric room heaters rather than central gas, which can raise running costs. The property sits in a multicultural, student-heavy neighbourhood with higher-than-average local crime and wider area deprivation — factors that affect resale and rental profiles.
Overall, this is a practical, well-located city-centre apartment offering immediate rental prospects or an easy urban home, provided buyers are comfortable with the service charge, electric heating and the local neighbourhood characteristics.
2 bedroom apartment for sale in Woolpack Lane, Nottingham, Nottinghamshire, NG1 — £175,000 • 2 bed • 2 bath • 574 ft²
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2 bedroom apartment for sale in The Habitat, Woolpack Lane, Nottingham, Nottinghamshire, NG1 1GJ, NG1 — £165,000 • 2 bed • 2 bath • 764 ft²
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