Summary -
Apartment 1 Park West,Derby Road,NOTTINGHAM,NG7 1LU
NG7 1LU
2 bed 2 bath Apartment
Ground-floor, income-producing two-bedroom close to universities and city centre.
Let until September 2026 at £1,126.66 pcm (income-producing)
This ground-floor, two-bedroom apartment is presented as an income-producing investment close to Nottingham city centre and both universities. The property is let at £1,126.66 pcm to a sitting tenant until September 2026, offering immediate rental income and no upward chain.
Accommodation includes an open-plan kitchen/living/diner, a large master with en-suite, second double bedroom and a three-piece bathroom across approximately 752 sq ft. The flat has an allocated underground parking space, intercom, lift access and modern fitted kitchen appliances. The lease is long (977 years remaining) with modest ground rent.
Buyers should be aware the building is undergoing fire safety and cladding works to obtain an EWS1 certificate, with completion expected by summer 2027. Service charges are significant at about £3,015pa and the wider area is a cosmopolitan student neighbourhood with above-average crime and higher local deprivation — factors that can affect long-term capital growth and management costs.
Overall, this is a practical, lettable asset for investors seeking immediate yield and easy management in a city-centre fringe location. The combination of long lease, parking and student rental demand supports occupancy, but budget for service-charge commitments and complete fire-safety remediation before resale.
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