Summary - The Zone The Zone The Zone The Zone, Cranbrook Street NG1 1EJ
1 bed 1 bath Apartment
Chain-free city flat with strong rental yield potential, sold at auction..
- City-centre first-floor one-bedroom apartment with Juliet balcony
- Open-plan living/dining room; separate fitted kitchen with appliances
- Gas central heating, intercom entry and lift to all floors
- Potential gross yield above 8.5% — clear investor appeal
- Sold via Modern Method of Auction; reservation fee and buyer pack apply
- Tenure unspecified — confirm before bidding
- Located in a multicultural student area; high local crime and deprivation
- Slow broadband speeds; may affect some tenants and working-from-home needs
A compact, city-centre one-bedroom apartment in The Zone on Cranbrook Street, offered chain free and sold via Modern Method of Auction. The bright living room with space for lounge and dining opens to a Juliet balcony; the separate kitchen includes integrated appliances. Gas central heating, intercom entry and lift access make this a straightforward city pad or rental unit.
Positioned in a multicultural, student-heavy neighbourhood (NG1), this property is aimed squarely at investors or buyers seeking city-centre convenience. The vendor estimates a potential gross yield in excess of 8.5%, and the apartment’s layout — double bedroom, three-piece bathroom and storage cupboard — supports resilient rental demand and easy furnishing for short-term lets or long-term tenants.
Buyers should note material purchase costs and local conditions: the sale proceeds via auction requiring a Buyer Information Pack fee and a non-refundable reservation fee (4.5% of the purchase price, subject to a minimum). Tenure is not specified and should be confirmed before bidding. The surrounding area shows higher crime levels and is classified as deprived, and broadband speeds are slow — factors that may affect some tenant profiles and management considerations.
Overall this is a practical, low-maintenance city apartment with clear rental upside, but it suits buyers prepared to purchase at auction, verify tenure and factor in upfront auction fees and local management needs. Viewing is recommended for investors wanting central location stock or buyers seeking a compact Nottingham pad with immediate rental potential.
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