Summary - MILLS BUILDING FLAT 8 PLUMPTRE STREET NOTTINGHAM NG1 1JL
1 bed 1 bath Flat
Characterful Lace Market one-bedroom with rental potential — sold at auction, tenants in situ.
First-floor one-bedroom with en-suite bathroom and guest WC
Set within Nottingham’s Lace Market, this first-floor Mills Building apartment blends Victorian character with modern comforts. High ceilings, arched sash windows and exposed brick give the open-plan living space strong period appeal, while a fitted kitchen, gas central heating and an EPC B rating provide everyday practicality. The building has lift access and on-site off-street parking.
The layout suits an investor or a single professional: one double bedroom with en-suite, a guest WC and a bright living/dining area across about 710 sq ft. The flat is sold with tenants in situ and sits in a multicultural, student-heavy neighbourhood, supporting steady rental demand in the city-centre location.
Buyers should note this is a leasehold sale through the Modern Method of Auction. A long lease remains (c.973 years), but a substantial annual service charge (£4,038.56) applies and a non-refundable reservation fee (4.5% of purchase price, minimum £6,600) is payable on completion of auction terms. The apartment is neutrally presented with secondary glazing, but purchasers are advised to verify services and appliances independently.
Overall this is a compact, characterful city-centre flat with clear rental potential and convenience for commuters and students. It offers low immediate capital expenditure thanks to neutral presentation, but higher running costs via the service charge and auction-related buyer fees should be factored into investment calculations.
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