Immediate rental income in the heart of the city with long lease security.
Two double bedrooms with high ceilings and large rooms
Positioned above Nottingham’s Market Square in a handsome Victorian mixed-use building, this two-bedroom apartment is an income-ready city-centre buy. Recently renovated and offered furnished, it currently produces £15,600 pa (gross) with a tenant in situ until September 2025 — ideal for investors seeking immediate rental return. The high ceilings, large rooms and double glazing installed post-2002 keep original character while offering modern comforts.
Practical running costs and constraints are clear: the property is leasehold with 243 years remaining, an annual service charge around £1,514 and ground rent £300. Heating relies on electric room heaters (no central heating), broadband speeds are very slow and on-street parking only. There is no guarantee of parking or on-site amenities.
The location is central and well connected with excellent mobile signal and abundant amenities, transport links and leisure options on the doorstep. However the neighbourhood records very high crime rates and local deprivation indicators; buyers should weigh these socio-economic factors alongside the strong rental income and 7.8% gross yield. EPC rated C and a satisfactory EICR certificate support compliant letting.
For an investor focused on central Nottingham income, this property offers immediate return and long lease security. For an owner-occupier, consider the urban setting, limited heating, slow broadband and higher local crime when evaluating suitability.