City Sales says ..

Property Oracle says ..

This one-bedroom apartment located in Nottingham’s Lace Market presents a compelling investment opportunity or a suitable option for first-time buyers. Situated within a Grade II listed building, it offers the character and charm of a historical setting while enjoying all the conveniences of city-centre living. The apartment is currently let, generating a rental income of £895pcm until November 2025. This makes it particularly attractive for investors, as it provides immediate return. The interior features an open-plan layout that incorporates the kitchen, living and bedroom areas. While functional, the apartment’s aesthetics, particularly the kitchen and bathroom, could benefit from some modernization or updating. There’s no mention of allocated parking or a private garden. The nearby transportation links, proximity to schools, and Nottingham city centre add value to the property. While the asking price of £105,000 appears generally acceptable given the location and current rental income, a detailed survey is crucial to assess the structural condition and potential repair costs. The lack of plot size details from the listing limits a precise assessment of the value.

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

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