The Habitat, Woolpack Lane, Nottingham, Nottinghamshire, NG1 1GJ
CA

The Habitat, Woolpack Lane, Nottingham, Nottinghamshire, NG1 1GJ

By Cavendish Residential

£ 120,000

Reviews

2 out of 5 stars

Cavendish Residential says ..

ONE bedroom SIXTH FLOOR APARTMENT. RENTAL potential £850-900pcm giving an APPROXIMATE GROSS YIELD of 7.8-8.3%. . WALKING DISTANCE to local amenities. POPULAR DEVELOPMENT

Property Oracle says ..

This one-bedroom apartment in Nottingham’s Castle area, situated within The Habitat development, presents a reasonable investment opportunity for those seeking a centrally located property with potential for rental income. The apartment benefits from its proximity to Nottingham city centre, transport links such as Nottingham Train Station (0.87 KM) and several well-regarded schools (Nottingham College, Sutherland House School, Stone Soup Academy, all within 0.5 KM).

The interior photographs suggest a clean and adequately maintained property, although some modernization could improve its overall appeal. The kitchen and bathroom facilities appear functional, but not luxurious. While the apartment’s immediate surroundings might benefit from some landscaping, the building’s location within a larger development offers certain conveniences.

The lack of outdoor space is a notable drawback, however, and buyers should be mindful of potential common area maintenance costs associated with apartment living. The list price, compared to other similar properties, seems competitively priced, reflecting the current market conditions and the apartment’s attributes. The property would be particularly attractive to first-time buyers, investors, or individuals seeking a convenient and centrally located base in Nottingham. Overall, it represents a balanced option in the Nottingham property market. Potential buyers should conduct a thorough survey to assess the property’s condition and future maintenance requirements.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
6
Location
7
Land
1
Bedrooms
1
Bathrooms
1
Sqft (est)
344.45

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
273,747.00 £
Decreased by 7.23 %
from 295,097.00 £
Est sale value
126,068.70 £
Increased by 23.65 %
from 101,957.20 £
Average area rental value
1,032.00 £/mo
Decreased by 0.77 %
from 1,040.00 £/mo
Est letting value
344.45 £/mo
Unchanged by 0.00 %
from 344.45 £/mo
Est rental Yield
4.52 %
Increased by 6.86 %
from 4.23 %
Crime Rate
10.00 %
Unchanged by 0.00 %
from 10.00 %

Agent Activity

  • Cavendish Residential created the listing.

Nearby Schools

NameTypeOfstedDistance
Nottingham CollegeFurther EducationRequires improvement0.24 KM
Sutherland House SchoolNon-maintained Special SchoolGood0.34 KM
Stone Soup AcademyFree Schools Alternative ProvisionOutstanding0.46 KM
St. Ann'S South Children'S CentreChildren's Centre0.94 KM
Huntingdon AcademyAcademy ConverterOutstanding0.94 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Brightmoor Court £ 210,00000.00 KM
Angel Alley £ 000.00 KM
King's Place £ 000.00 KM
Convent Street £ 107,04500.00 KM
East Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Nottingham1826NOT0.87 KM
Netherfield6241NET6.90 KM
Carlton6201CTO7.09 KM
Bulwell1865BLW7.94 KM
Beeston1625BEE8.14 KM

Nearby Listings

AddressPriceTypeScoreDistance
The Habitat, Woolpack Lane, Nottingham £ 142,000BUY6 / 100.00 KM
Woolpack Lane, Nottingham, Nottinghamshire, NG1 1GJ £ 150,000BUY6 / 100.00 KM
The Habitat, Woolpack Lane, Nottingham £ 142,000BUY6 / 100.00 KM
The Habitat, Woolpack Lane, Nottingham, Nottinghamshire, NG1 1GJ £ 120,000BUY5 / 100.00 KM
The Habitat, Woolpack Lane, Nottingham £ 142,000BUY5 / 100.00 KM

Nearby Properties

AddressPriceDistance
1 Belward Street £ 140,0000.04 KM
12c Goose Gate £ 22,3500.14 KM
12 Goose Gate £ 128,0000.15 KM
37 Brook Street £ 140,0000.27 KM
57 Brook Street £ 100,0000.27 KM