Summary - THE HABITAT FLAT 37 WOOLPACK LANE NOTTINGHAM NG1 1GH
2 bed 2 bath Flat
Immediate rental income in a lively central location near transport and amenities.
Turnkey investment with tenant in situ paying £1,100pcm
A ready-made buy-to-let in The Habitat, this two-bedroom third-floor apartment is offered with an existing tenant paying £1,100pcm, providing immediate rental income. The open-plan living area extends to a private balcony with city views; both bedrooms are doubles with fitted wardrobes and the principal bedroom benefits from an ensuite. At about 723 sq ft and with a long lease (976 years), the flat suits investors seeking low initial management overhead and near-term cashflow.
The building is modern (built 2003–2006) and double-glazed. Broadband speeds are fast and mobile signal is excellent — useful for student and young professional renters. There is no flooding risk and council tax is moderate. The property uses electric room heaters (individual electric heating), which should be considered when modelling running costs.
Location is Hockley in central Nottingham: a lively, multicultural student neighbourhood with plentiful bars, restaurants, shops and good public transport links, making the flat attractive to renters. That vibrancy also brings higher local crime statistics and the surrounding area is classified as deprived; these factors may affect tenant mix and insurance or service cost considerations.
Summary: strong rental fundamentals and long lease length are key positives for investors, while electric heating and the neighbourhood’s higher crime and deprivation levels are important practical and financial considerations. Viewing is recommended for those prioritising immediate income in a central, high-demand rental location.
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