Summary - CRANBROOK HOUSE FLAT 16 CRANBROOK STREET NOTTINGHAM NG1 1ES
2 bed 2 bath Flat
Affordable auction opportunity for investors or refurbishing buyers near transport and amenities.
Two bedrooms and two bathrooms, open-plan kitchen/living with balcony
Allocated off-street parking space included
Leasehold property sold at auction — review legal pack
Average service charge c. £3,600; administration fee payable
Building undergoing external renovation/scaffolding works
Interior shows dated fixtures; refurbishment potential to add value
Located in a multicultural student neighbourhood with excellent transport
Area has high crime and local deprivation — factor security and tenancy risk
Offered for sale at auction with a guide of £40,000, this two-bedroom, two-bathroom city-centre flat sits in a lively, multicultural student neighbourhood. The apartment offers a generous open-plan kitchen/living space and a balcony with city views, plus an allocated off-street parking space — rare for central locations. A secure block with key-fob access and weekday concierge adds convenience and a degree of security for residents.
The property is leasehold and will be sold at auction; buyers should review the legal pack for all disbursements. An average service charge of £3,600 is payable (administration fee noted), so factor ongoing costs into any purchase. The building is currently undergoing external renovation works and some internal fittings appear dated, so the flat presents clear scope for cosmetic updating or refurbishment to increase appeal and rental value.
This location benefits from excellent public transport links and immediate access to shops, bars, restaurants and entertainment venues including Motorpoint Arena. Broadband speeds are average but mobile signal is excellent — useful for student tenants or short-term lets. Note the wider area shows higher crime levels and local deprivation; investors should consider tenant-type, rental strategy and security measures when planning use.
For those prepared to buy at auction and invest in light refurbishment, the flat offers affordable entry to Nottingham city-centre property with good letting potential to students or city workers. All bidders must register to participate in the auction and review the legal pack prior to bidding.
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