Summary - Flat 92 Cranbrook House, Lower Parliament Street NG1 1EH
1 bed 1 bath Apartment
Auction-ready buy-to-let with strong rental potential near university amenities.
Close walk to Nottingham city centre and universities
Approx 37 sq. m (400 sq. ft) one-bedroom open-plan layout
Sold as seen; some services disconnected and sealed
Requires full refurbishment and modernisation throughout
Leasehold tenure — check legal pack for lease length and charges
Building undergoing external works; scaffolding present around block
EPC C and electric room heaters; double-glazed windows fitted
High local crime and area deprivation — factor into management costs
Set for auction and priced from £42,000, this compact one-bedroom apartment offers an economical entry into Nottingham city-centre property. At approximately 37 sq. m (400 sq. ft) the unit suits investors seeking a buy-to-let or short-term flip. Its proximity to Nottingham Trent University, transport links and city amenities supports strong tenant demand in this student-focused area.
The flat is on the second floor of a purpose-built block currently undergoing external works; scaffolding surrounds the building. Internally the layout is open-plan with a double bedroom and a small bathroom. The property has double glazing, electric room heaters and an EPC rating of C, but some services and fittings have been disconnected and sealed — the apartment is sold as seen and needs full refurbishment and modernisation.
Important practical points for buyers: the tenure is leasehold and you must consult the legal pack for lease length, service charges and potential disbursements. An administration fee of £3,600 (inc. VAT) is payable on exchange. Make enquiries about the nature and likely cost of the ongoing external works before bidding.
This is a value-led opportunity in a cosmopolitan, predominantly student neighbourhood. The setting offers excellent mobile signal and average broadband speeds, but the wider area records higher crime and significant deprivation indicators — factors to consider for tenant mix and management costs. For a buyer prepared to invest in refurbishment, the apartment could secure reliable rental income or an uplift on resale after works.
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