Summary - Flat 48 Cranbrook House, Cranbrook Street, NOTTINGHAM NG1 1ES
2 bed 2 bath Apartment
Two-bedroom NG1 leasehold apartment offering strong rental demand and modern finishes — investors only..
2 bedrooms and 2 bathrooms — modern, compact city-centre layout
129 years remaining on lease — long leasehold security
High rental demand — close to universities and central amenities
Service charge approx. £1,521 and ground rent approx. £254 per year
Located in a deprived area with high local crime — affects tenants/insurance
No flood risk; excellent mobile signal and fast broadband
Limited or no private outdoor space; compact internal footprint
High-spec finishes reduce immediate refurbishment costs but space is small
Situated in Nottingham’s NG1 postcode, this compact two-bedroom, two-bathroom apartment offers a straightforward, high-spec investment in a city-centre rental hotspot. The flat features modern fittings, integrated appliances and an open-plan living/kitchen layout designed for low-maintenance letting. With 129 years remaining on the lease it provides long-term leasehold security for portfolio buyers.
The property’s strongest appeal is its letability: central location close to universities, transport and amenities drives strong tenant demand, and the finishes minimise immediate refurbishment costs. Practical positives include no flooding risk, excellent mobile and fast broadband—important for professional and student tenants.
Buyers should note material running costs and local context. Annualised service charge and ground rent are relatively high for a city apartment (service charge approx. £1,521; ground rent approx. £254). The wider area is classified as deprived with a high local crime rate, which can affect yields, tenant profiles and insurance costs. The flat is compact, with limited or no private external amenity.
This asset suits investors seeking a city-centre, income-producing purchase rather than an owner-occupier. Expect steady rental interest but plan for management costs, insurance considerations and potential tenant turnover associated with a cosmopolitan student/neighbourhood location.
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