Summary - Apartment 8, 2 South Parade NG1 2JS
1 bed 1 bath Apartment
Income-producing Victorian apartment in the heart of Nottingham, chain free and centrally located..
- Let at £1,100pcm; annual rent £13,200
- Gross yield around 7% at current price
- Open-plan kitchen/living; one double bedroom
- Secure entry and city-centre location, near amenities
- Leasehold: service charge £1,300pa; ground rent £300pa
- EPC D; electric room heaters, secondary glazing
- Very slow broadband and assumed no wall insulation
- Very high local crime and area deprivation
This second-floor one-bedroom apartment in Nottingham City Centre sits within a Victorian commercial building and is currently let for £1,100pcm, producing an annual rent roll of £13,200. The property offers an open-plan kitchen/living area, a double bedroom and secure entry — a compact city-centre holding with immediate income and no onward chain.
The building’s period character and large windows give the apartment natural light and central-market views, while the fitted kitchen and usable layout keep day-to-day costs and tenant turnover low. At the asking price of £190,000 the current income equates to a gross yield of about 7% — attractive for buy-to-let buyers seeking central-city cash flow.
Buyers should note material drawbacks plainly: the flat is electrically heated via room heaters, has secondary glazing and assumed solid brick walls with no insulation, and an EPC rating of D. Broadband is very slow, and the neighbourhood has a very high recorded crime level and higher-than-average deprivation, which can affect tenant profiles and insurance premiums.
Ongoing costs include an average service charge of £1,300pa and ground rent of £300pa; the tenure is leasehold. The layout and construction mean there is clear scope for energy-efficiency upgrades (improved heating, insulation and glazing) that could reduce running costs and improve appeal to longer-term tenants or owner-occupiers.
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