Summary - Apartment 4 Lexington Place, 7, Plumptre Street NG1 1AN
2 bed 2 bath Apartment
Immediate rental income with allocated parking and strong connectivity.
First-floor two-bedroom apartment with en-suite and family bathroom
A first-floor two-bedroom apartment in Lexington Place, set in Nottingham city centre and offered chain free. The property is currently let at £1,200pcm on a fixed tenancy to September 2026, providing an attractive immediate rental income and an approximate 8% gross yield. Allocated off-street parking and south-facing windows increase tenant appeal in this compact urban setting.
Internally the home is presented in modern neutral tones with wood-effect vinyl flooring and a separate, fitted kitchen with integrated appliances. The master bedroom benefits from an en-suite; a second double and a family bathroom complete the accommodation. Double glazing is fitted (installation date unknown) and the apartment uses electric storage heaters — purchasers should note heating is electric rather than gas.
Key ownership costs are a substantial annual service charge of £2,521 and a ground rent of £150, with 127 years remaining on the lease. The building dates from the early 20th century and walls are assumed to be system-built with no added insulation, which may affect thermal performance and running costs. Broadband and mobile signal are excellent, supporting professional and student lettings.
The location sits within a cosmopolitan, multicultural neighbourhood with strong student demand and wide local amenities. Crime levels are higher than average and the wider area is relatively deprived, factors that will influence tenant profiles and management considerations. No flood risk is indicated.
This apartment suits buy-to-let investors seeking immediate income and long lease security, or buyers prepared to continue the existing tenancy. Viewings are recommended to assess condition, running costs and to validate suitability against intended use.
2 bedroom flat for sale in Lexington Place, Plumptre Street, The City, Nottingham, NG1 1AN, NG1 — £180,000 • 2 bed • 1 bath • 913 ft²
2 bedroom flat for sale in Plumptre Street, Nottingham, Nottinghamshire, NG1 — £160,000 • 2 bed • 2 bath • 838 ft²
2 bedroom flat for sale in Plumptre Street, Nottingham, Nottinghamshire, NG1 — £180,000 • 2 bed • 2 bath • 797 ft²
2 bedroom flat for sale in Lexington Place, Plumptre Street, Nottingham, NG1 1AN, NG1 — £180,000 • 2 bed • 1 bath • 788 ft²
2 bedroom apartment for sale in Hollowstone, Nottingham, NG1 — £230,000 • 2 bed • 2 bath • 619 ft²
2 bedroom apartment for sale in 2 South Parade, Nottingham, NG1 — £200,000 • 2 bed • 1 bath • 678 ft²
