Summary - Apartment 51, William Bancroft Buildings, Roden Street NG3 1GH
1 bed 1 bath Flat
Large one-bed conversion ideal for student or buy-to-let investors.
One-bedroom loft-style flat with high ceilings and exposed brick character
A spacious one-bedroom loft-style apartment in a converted Victorian industrial block, offering strong rental potential in a cosmopolitan student neighbourhood. The open-plan living/kitchen/dining area, high ceilings and exposed brick/arched window create desirable character that appeals to young professionals and students alike. At 639 sq ft the flat is larger than many one-bed city units, allowing flexible layout and furnishing options for short-term or academic lets.
This property will be sold at auction with no chain. The lease has 102 years remaining; annual service charge averages £1,540 and ground rent is £100. Buyers must follow the Modern Method of Auction terms — note the non-refundable reservation fee (4.5% of the purchase price, minimum £6,600) and the requirement to complete within 56 days of exchange. Prospective purchasers should review the Buyer Information Pack and complete their own due diligence before bidding.
Practicalities: gas boiler and radiators provide heating, windows are double glazed (install date unknown) and there is no flooding risk. Broadband speeds are average and mobile signal is excellent. The wider area is classed as deprived but benefits from low crime, plentiful local amenities and proximity to schools and transport, which supports lettings demand.
This apartment suits investors seeking a characterful city-centre rental with strong demand from students and young renters. It also offers a buyer prepared to purchase at auction and factor in service charges, leasehold costs and the reservation fee into their acquisition budget.
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