Cromwell Street, Nottingham, NG7

A freehold period building of four self-contained two bedroom flats, a short walk from Nottingham Trent University and the city centre.

Cromwell Street is a handsome period building in The Arboretum, one of Nottingham’s most sought-after rental neighbourhoods, offered for sale freehold. It has been converted into four self-contained two bedroom flats, each finished to a modern standard with fitted kitchens, contemporary shower rooms and bedrooms with built-in storage and study space.


Investment highlights

Freehold title to the whole building, with no ground rent or service charge to a third party
Four self-contained two bedroom flats, eight bedrooms in total, across approximately 2,300 sq ft
£44,400 a year from the three flats currently let, rising to around £57,600 a year once Flat 1 is let
Immediate upside from the vacant flat, which can be let or occupied without waiting for a tenancy to end
A period building with high ceilings, set within the Canning Circus Conservation Area, with garden space to the front and a patio to the rear
Nottingham Trent University on the doorstep, with the NTU tram stop around 280 metres away
Modern, ready-to-let interiors with gas central heating, double glazing, fitted kitchens with built-in ovens and hobs, and bedrooms with wardrobes and study desks

The accommodation

Each flat has its own front door, two bedrooms, an open plan kitchen and living space and a modern shower room. Bedrooms have wardrobes and study desks, and the flats share a front garden and a rear patio.

Flat 1 (ground and first floor), vacant, est. £1,100 pcm: a split-level flat over two floors. The ground floor has the fitted kitchen and living area, a bedroom and a shower room. Upstairs is a second, larger bedroom with its own shower room. Approx. 37.2 m² (401 sq ft). EPC D.
Flat 2 (ground floor), let at £1,250 pcm: the largest flat in the building, with a generous kitchen and living room of 4.28m x 4.85m set around a bay window, two bedrooms and a shower room. Approx. 63.5 m² (683 sq ft). EPC D.
Flat 3 (first floor), let at £1,300 pcm: a bright flat with a large kitchen and living room of 4.94m x 4.23m with a bay window, two bedrooms and a shower room off the inner hallway. Approx. 54.1 m² (583 sq ft). EPC D.
Flat 4 (second floor), let at £1,150 pcm: reached by its own staircase from the first floor, this top floor flat has characterful sloping ceilings, an open plan kitchen and living room of 5.11m x 4.33m, two bedrooms and a shower room. Approx. 59.0 m² (635 sq ft). EPC E.

Location

Cromwell Street sits in The Arboretum, a leafy Victorian quarter on the north western edge of Nottingham city centre. The area takes its name from the Arboretum park, Nottingham’s first public park, which opened in 1852 and lies just a couple of minutes’ walk from the front door. Tree-lined streets of period houses, the Canning Circus Conservation Area and a lively mix of independent cafes and traditional pubs give the neighbourhood real character.

Nottingham Trent University is one of the largest universities in the UK, and its City Campus is within a few minutes’ walk. This means a deep and dependable pool of tenants every year, from undergraduates sharing a two bedroom flat to postgraduates and young professionals who want to live close to the campus and the city.

Within a short walk there are more than 100 cafes and around 400 restaurants, pubs and bars, along with convenience stores, supermarkets and the Arboretum park itself. Canning Circus has its own cluster of pubs, cafes and shops, and the Old Market Square, Victoria Centre and the heart of the city are around a 15 minute walk.

Getting around (approximate, straight-line distances)

NTU tram stop: approx. 280 metres
The Arboretum park: approx. 160 metres
Canning Circus: approx. 350 metres
High School tram stop: approx. 430 metres
Royal Centre tram stop: approx. 650 metres
Nottingham railway station: approx. 1.6 km

Key information

Tenure: Freehold, sold as a whole
Heating: Gas central heating with boiler and radiators to each flat
Outside: Garden space to the front and a patio area to the rear
Planning: Within the Canning Circus Conservation Area
Local authority: Nottingham City Council
Broadband: Superfast and ultrafast available in the postcode
Viewings: Strictly by appointment with Robins Estates

Arrange a viewing

Contact Angela Barbaro-Robins, Managing Director, Robins Estates, on or . Office: 5 Derby Terrace, Derby Road, The Park, Nottingham NG7 1ND.

Disclaimer
All measurements are approximate and provided in both imperial and metric units for general guidance only. While every effort has been made to ensure accuracy, they should not be relied upon as definitive.
Fixtures, fittings and appliances mentioned in the marketing material have not been tested and, as such, no warranty can be given regarding their condition or functionality. Internal photographs are for illustrative purposes only and should not be taken as confirmation that any items shown are included in the sale.

We conduct thorough due diligence on all properties prior to marketing and strive to provide accurate, up-to-date information. However, prospective purchasers are strongly advised to undertake their own due diligence. Responsibility for verifying details such as flood risk, title conditions, easements, covenants, boundaries, and other material aspects rests soPlease note: In line with anti-money laundering regulations, any purchaser whose offer is accepted will be required to undergo AML checks. These checks are conducted by a third-party provider and are subject to a charge of £30 plus VAT per person (£36.00 inclusive of VAT)