Summary - 19 THOMAS CLOSE NOTTINGHAM NG3 1PA
2 bed 1 bath Apartment
Income-producing flat near Victoria Park — attractive gross yield for investors.
Two double bedrooms, first-floor apartment
This first-floor two-bedroom flat sits just north of Victoria Park, a short walk from Nottingham city centre and local amenities. With an advertised annual rental income of £10,800 against a guide price of £122,500, the property offers a strong gross yield (around 8.8%), making it attractive to buy-to-let investors or HMO operators seeking central, lettable stock.
The accommodation is compact (c. 453 sq ft) and presented in basic, post‑war condition; photos and descriptions suggest small-to-medium rooms and standard ceiling heights. Heating is provided via a community scheme and the building is of system-built construction with assumed partial wall insulation — factors to check for long-term running costs and maintenance.
Practical positives include both on-street and off-street parking, fast broadband and excellent mobile signal, and proximity to several well-rated primary and independent schools. Material considerations are the leasehold tenure with approximately 81 years remaining, above-average local crime levels, and the property’s situation within a very deprived area — all affecting financing, management, and future resale.
Overall, this is a centrally located, income-producing flat that suits an investor or landlord prepared to manage a leasehold, community-heated property in a mixed urban neighbourhood. The flat may benefit from cosmetic refurbishment to maximise rental values and appeal to long‑term tenants.
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